Exodus Movement (EXOD) CFO James Gernetzke Sells 5,682 Shares

What Happened James Gernetzke, CFO of Exodus Movement (EXOD), sold 5,682 shares of Class A common stock on September 3, 2026 at $7.35 per share, generating $41,763 in proceeds. The Form 4 identifies this as a sale (transaction code S) and the filing notes the sale was to cover tax withholding on the settlement of restricted stock units (RSUs), not a discretionary open-market trade.

Key Details

• Transaction date and price: 2026-09-03 — 5,682 shares sold at $7.35 each.
• Total proceeds: $41,763.
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes: F1 — sale was a "sell-to-cover" to satisfy tax withholding on RSU settlement (not a discretionary sale). F2 — reporting person holds RSUs from grants totaling 182,790 RSUs (vest schedules through Jan 1, 2027–2030); each RSU converts to one share upon settlement.
• Filing timeliness: Reported on 2026-09-04 for the 2026-09-03 transaction (filed the next day; not indicated as late).

Context This was a routine sell-to-cover tied to RSU settlement and tax obligations rather than a voluntary sale signaling a change in view. The filing documents ongoing RSU grants with staggered vesting through 2030; the footnotes clarify the source of the shares sold.