Gernetzke James 4

What Happened

• James Gernetzke, Chief Financial Officer of Exodus Movement, had 5,479 shares of Class A common stock withheld (disposed) to satisfy tax withholding obligations tied to vested RSUs. The withholding was recorded at $6.50 per share, for a total value of $35,614.

Key Details

• Transaction date: 2026-04-01
• Price used: $6.50 per share (footnote indicates this is the company stock price on the vesting date)
• Shares withheld/disposed: 5,479; total value ≈ $35,614
• Transaction code: F — tax withholding on settlement of RSUs (not an open-market sale)
• Shares owned after transaction: Not disclosed in the Form 4 filing
• Relevant footnotes: F1–F3 indicate the shares were withheld to satisfy tax withholding on settled RSUs. F3 lists outstanding RSU grants and vesting schedules (multiple grants from 2023–2025 that vest monthly through 2027–2030).
• Filing timeliness: No late-filing flag indicated in this report.

Context

• This was a routine tax-withholding event tied to the vesting and settlement of RSUs, not an independent sale to raise cash or signal sentiment. Withholding (transaction code F) is common when RSUs settle: the company retains/shares to cover taxes rather than the insider selling shares on the open market.