Form 4: Exodus Movement CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Exodus Movement CEO, Jon Paul Richardson, disposed of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On April 1, 2025, Jon Paul Richardson, CEO of Exodus Movement, Inc., disposed of 9,285 shares of Class A Common Stock to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
- The shares were sold at a price of $45.74.
- Following the transaction, Richardson still beneficially owns 813,548 shares, which includes unvested RSUs.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction to cover tax obligations.
Industry Context
Share disposals to cover tax obligations upon vesting of RSUs are a common practice among executives of publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| January 5, 2022 | Date of original grant of 13,720 RSUs that vest in equal monthly installments through January 1, 2026. |
| January 1, 2023 | Date of original grant of 273,438 RSUs that vest in equal monthly installments through January 1, 2027. |
| March 13, 2024 | Date of original grant of 210,890 RSUs that vest in equal monthly installments through January 1, 2028. |
| April 1, 2025 | Date of transaction: Disposal of 9,285 shares of Class A Common Stock to cover tax obligations. |
| April 2, 2025 | Date of signature on the Form 4 filing. |
| January 1, 2026 | Date through which 13,720 RSUs originally granted on January 5, 2022 vest. |
| January 1, 2027 | Date through which 273,438 RSUs originally granted on January 1, 2023 vest. |
| January 1, 2028 | Date through which 210,890 RSUs originally granted on March 13, 2024 vest. |
Keywords
Form 4, Exodus Movement, Jon Paul Richardson, CEO, share disposal, restricted stock units, tax obligations, Class A Common Stock, beneficial ownership
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