Form 4: Exodus CEO Sells Shares for Tax Obligations

Exodus Movement CEO Jon Paul Richardson disposed of 10,470 Class A Common Stock shares to cover tax withholding obligations related to RSU vesting.

Summary

• Jon Paul Richardson, Chief Executive Officer, Director, and 10% Owner of Exodus Movement, Inc. (EXOD), reported a transaction on December 1, 2025.
• Richardson disposed of 10,470 shares of Class A Common Stock at a price of $16.52 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, Richardson beneficially owns 854,431 shares of Class A Common Stock directly.
• The reported transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale.
• Richardson's beneficial ownership includes various RSU grants with staggered vesting schedules: 1,525 RSUs (granted Jan 5, 2022, vesting through Jan 1, 2026), 169,271 RSUs (granted Jan 1, 2023, vesting through Jan 1, 2027), 159,766 RSUs (granted Mar 13, 2024, vesting through Jan 1, 2028), and 98,817 RSUs (granted May 21, 2025, vesting through Jan 1, 2029).

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

The reporting person has significant Restricted Stock Units (RSUs) outstanding with vesting schedules extending through January 1, 2029, indicating future share issuances and potential tax-related dispositions upon vesting.

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, common across publicly traded companies, and does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction related to executive compensation and tax obligations, not a sale driven by a change in sentiment or company fundamentals.

Next Steps

• Continued vesting of outstanding Restricted Stock Units (RSUs) for Jon Paul Richardson through January 1, 2029.

Key Dates

Keywords

Exodus Movement, EXOD, Jon Paul Richardson, Insider Transaction, Form 4, Restricted Stock Units, RSU, Tax Withholding, Common Stock, Corporate Governance