Exodus (EXOD) 10% Owner Daniel Castagnoli Cancels 233,218 RSUs

What Happened Daniel Castagnoli, a reported 10% owner of Exodus Movement, Inc. (EXOD), recorded a disposition to the issuer on 2026-08-31 consisting of 233,218 restricted stock units (RSUs). The RSUs were cancelled for no consideration (reported price $0.00; total value $0). The filing characterizes this as a disposition to the issuer (transaction code D), not an open-market sale.

Key Details

• Transaction date: 2026-08-31 (Form 4 filed 2026-09-01).
• Instrument and amount: 233,218 RSUs cancelled; reported price per unit $0.00; total $0.
• Footnote: The reporting person voluntarily cancelled 233,218 RSUs previously granted under the issuer’s equity incentive plans; each RSU represented the right to one share of Class A common stock (see footnote F1).
• Shares owned after transaction: not specified in the excerpt provided in your request — check the full Form 4 for post-transaction beneficial ownership.
• Timeliness: Filing appears timely (filed the next day); not indicated as late.

Context This transaction is a cancellation of equity awards (RSUs) rather than a market sale or purchase. Cancellations to the issuer mean the RSUs will not convert into shares and no cash changed hands; such actions affect potential future dilution but do not directly reflect a market buy/sell. As a 10% owner, Castagnoli is a major shareholder rather than necessarily an active executive—interpretations of intent should be avoided without further disclosure.