Castagnoli Daniel 4

What Happened

• Daniel Castagnoli, reported as a 10% owner of Exodus Movement, had 8,892 shares of Class A common stock withheld to satisfy tax withholding obligations related to vesting RSUs. The shares were valued at $6.50 each on the vesting date, for a total value of approximately $57,798. This was a tax-withholding disposition (code F), not an open-market sale motivated by a trade decision.

Key Details

• Transaction date and filing: 2026-04-01 (reported on Form 4 filed 2026-04-03); filing appears timely (within the usual two-business-day reporting window).
• Price used for withholding: $6.50 per share (represents the company's common stock price on the vesting date, per footnote).
• Shares withheld/disposed: 8,892 shares; total value ≈ $57,798.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: (F1) shares withheld to satisfy tax withholding on RSU settlement; (F2) $6.50 is the vesting-date stock price; (F3) the RSU awards underlying the settlement are part of three grants totalling 295,459 RSUs (117,188; 134,203; 44,068) vesting on various monthly schedules. Each RSU converts to one share upon settlement.
• Transaction code meaning: F = tax withholding (not a market sale).

Context

• This was a routine cashless-type withholding to meet tax liabilities when RSUs vested, which is common and does not necessarily indicate the insider is selling shares for other reasons. Because the transaction reflects withholding on awards rather than an open-market sale or purchase, it provides limited insight into insider sentiment.