Exodus Movement, Inc.·4

Apr 3, 4:18 PM ET

Richardson Jon Paul 4

4 · Exodus Movement, Inc. · Filed Apr 3, 2026

Research Summary

AI-generated summary of this filing

Updated

Exodus (EXOD) CEO Jon Richardson Withholds 9,464 Shares for Taxes

What Happened

  • Jon Paul Richardson, CEO of Exodus Movement, Inc., had 9,464 shares of Class A common stock withheld by the company to satisfy tax withholding obligations upon the vesting/settlement of restricted stock units (RSUs). The shares were valued at $6.50 each, for a total of $61,516. This is a tax-withholding disposition (routine) rather than an open‑market sale or purchase.

Key Details

  • Transaction date and price: April 1, 2026 — 9,464 shares withheld at $6.50 per share (total $61,516).
  • Transaction type: F (shares withheld to satisfy tax withholding on RSU settlement).
  • Shares owned after transaction: Not specified in the filing.
  • Filing date: April 3, 2026 — appears timely (filed within two business days of the April 1 transaction).
  • Notable footnotes:
    • F1: Withholding was done to satisfy the issuer’s tax withholding obligations on RSU settlement.
    • F2: $6.50 represents the company’s share price on the vesting date.
    • F3: The RSUs relate to three prior grants (117,188; 134,203; and 88,135 RSUs) that vest in monthly installments through 2027–2029 (totaling 339,526 RSUs).

Context

  • This was a cashless-type tax withholding on RSU settlement — common practice when equity awards vest. Such withholdings are routine administrative actions and do not necessarily indicate the insider is reducing (or increasing) a position for investment reasons.

Insider Transaction Report

Form 4
Period: 2026-04-01
Richardson Jon Paul
DirectorChief Executive Officer10% Owner
Transactions
  • Tax Payment

    Class A Common Stock

    [F1][F2][F3]
    2026-04-01$6.50/sh9,464$61,516815,110 total
Footnotes (3)
  • [F1]In connection with the vesting and settlement of Restricted Stock Units ("RSUs") previously granted under the Issuer's equity incentive plans, the Issuer withheld shares of Company's Class A common stock, par value $0.000001 per share ("Class A Common Stock"), to satisfy its tax withholding obligations.
  • [F2]Represents the price of the Company's Class A Common Stock on the vesting date.
  • [F3]Includes (i) 117,188 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 134,203 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 88,135 RSUs originally granted on May 21, 2025 that vest in equal monthly installments through January 1, 2029. Each RSU represents the right to receive one share of Class A Common Stock upon settlement.
Signature
/s/ James Gernetzke, attorney-in-fact for Jon Paul Richardson|2026-04-03

Documents

1 file
  • 4
    wk-form4_1775247533.xmlPrimary

    FORM 4