Form 4: Exodus CEO Richardson Reports RSU Tax Withholding
Insider Transaction Report
Exodus Movement CEO Jon Paul Richardson reported the disposition of 10,470 Class A Common Stock shares to cover tax obligations from RSU vesting.
Summary
- Jon Paul Richardson, Chief Executive Officer, Director, and 10% Owner of Exodus Movement, Inc. (EXOD), reported a transaction on October 1, 2025.
- The transaction involved the disposition of 10,470 shares of Class A Common Stock at a price of $27.78 per share.
- This disposition was made to satisfy tax withholding obligations in connection with the vesting and settlement of previously granted Restricted Stock Units (RSUs).
- Following this transaction, Jon Paul Richardson beneficially owns 875,373 shares of Class A Common Stock directly.
- The beneficially owned shares include 476,793 unvested RSUs from grants on January 5, 2022 (4,574 RSUs), January 1, 2023 (195,513 RSUs), March 13, 2024 (172,547 RSUs), and May 21, 2025 (104,159 RSUs).
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary transaction (shares withheld for tax obligations upon RSU vesting) and does not indicate any positive or negative operational or financial developments for the company.
Future Outlook
The filing does not provide any forward-looking statements or guidance beyond the scheduled vesting timelines for the outstanding Restricted Stock Units.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, specifically the withholding of shares for tax purposes upon RSU vesting. Such transactions are common across all industries for executives receiving equity compensation and do not typically reflect a discretionary investment decision or broader industry trends.
Stakeholder Impact
- Shareholders: The transaction is a routine administrative event related to executive compensation and is unlikely to have a direct material impact on existing shareholders. It reflects the ongoing compensation structure for the CEO.
- Employees: The RSU vesting and tax withholding process is a standard component of equity compensation plans, which can be a factor in employee retention and motivation.
Next Steps
- Continued vesting of 4,574 RSUs through January 1, 2026.
- Continued vesting of 195,513 RSUs through January 1, 2027.
- Continued vesting of 172,547 RSUs through January 1, 2028.
- Continued vesting of 104,159 RSUs through January 1, 2029.
Key Dates
| Date | Description |
|---|---|
| 01/05/2022 | Grant date for 4,574 RSUs to Jon Paul Richardson. |
| 01/01/2023 | Grant date for 195,513 RSUs to Jon Paul Richardson. |
| 03/13/2024 | Grant date for 172,547 RSUs to Jon Paul Richardson. |
| 05/21/2025 | Grant date for 104,159 RSUs to Jon Paul Richardson. |
| 10/01/2025 | Transaction date for the disposition of shares to cover tax withholding from RSU vesting. |
| 10/03/2025 | Date the Form 4 was signed by Jon Paul Richardson's attorney-in-fact. |
| 01/01/2026 | End date for monthly vesting installments of 4,574 RSUs granted on January 5, 2022. |
| 01/01/2027 | End date for monthly vesting installments of 195,513 RSUs granted on January 1, 2023. |
| 01/01/2028 | End date for monthly vesting installments of 172,547 RSUs granted on March 13, 2024. |
| 01/01/2029 | End date for monthly vesting installments of 104,159 RSUs granted on May 21, 2025. |
Keywords
Exodus Movement, EXOD, Jon Paul Richardson, Form 4, insider transaction, RSU vesting, stock withholding, CEO
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