Exodus (EXOD) Director Carol MacKinlay Receives RSU Award

What Happened
Carol MacKinlay, a director of Exodus Movement, Inc. (EXOD), was granted 12,414 restricted stock units (RSUs) on 2026-08-20. The grant is reported as an acquisition (code A) at $0.00 per unit (total reported value $0). Per the grant terms, 3,103 RSUs vested immediately on the grant date; the remaining RSUs vest in nine equal monthly installments with final vesting through May 1, 2027. Each RSU represents the right to receive one share of Class A common stock upon settlement.

Key Details

• Transaction date: 2026-08-20 (reported on Form 4 filed 2026-08-24).
• Transaction type/code: Award/Grant (A) — 12,414 RSUs at $0.00 (total $0).
• Immediate vesting: 3,103 RSUs vested as of grant. Remaining RSUs vest in 9 equal monthly installments through May 1, 2027.
• Shares owned after transaction: Not specified in the filing.
• Footnote: RSUs are granted under the 2026 Equity Incentive Plan; each RSU converts to one share upon settlement.
• Filing timeliness: Form 4 was filed 4 days after the transaction (normally due within 2 business days); the filing appears late based on typical Form 4 timing requirements.

Context
RSU grants are an award of future company shares rather than an open-market purchase or sale. The immediate vesting portion means some shares are already earned and could be settled per plan rules; the remainder vests over time. Awards are compensatory and do not, by themselves, indicate insider buying or selling sentiment. The filing does not disclose settlement timing, tax withholding, or immediate sales of any vested shares.