Exodus Movement, Inc.: CFO James Gernetzke sold 5,579 shares

What happened James Gernetzke, CFO, reported the sale of 5,579 shares of Class A common stock at $7.04 per share on Oct 2, 2026, for $39,276. The filing states the sale was made to satisfy tax withholding obligations in connection with the settlement of restricted stock units (a "sell to cover") and was not a discretionary trade.

Key details

• Transaction date and price: Oct 2, 2026 — sale of 5,579 shares at $7.04 per share, total $39,276.
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: F1 — sale was to satisfy tax withholding related to RSU settlement ("sell to cover"); F2 — reports unvested RSUs including 19,532 RSUs granted Jan 1, 2023 vesting through Jan 1, 2027; 47,930 RSUs granted Mar 13, 2024 vesting through Jan 1, 2028; 35,254 RSUs granted May 21, 2025 vesting through Jan 1, 2029; and 67,292 RSUs granted Dec 30, 2025 vesting through Jan 1, 2030. Each RSU represents the right to receive one share of Class A common stock upon settlement.
• Filing date and timeliness: filed Oct 6, 2026 for an Oct 2, 2026 transaction; the filing is not marked as late.

Why it may matter

• The filing describes a sell to cover for RSU tax withholding, not an option exercise or a gift.
• The sale is described in the filing as not a discretionary trade.
  A filing does not show why the insider traded or why the company acted.