Form 4: Exodus Movement CFO James Gernetzke Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
James Gernetzke, CFO of Exodus Movement, Inc., reports the disposal of 4,642 shares of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 3, 2025, James Gernetzke, the Chief Financial Officer of Exodus Movement, Inc., disposed of 4,642 shares of Class A Common Stock.
- The disposal was to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
- The price per share was $42.2.
- Following the transaction, Gernetzke beneficially owns 415,230 shares, including RSUs that vest in monthly installments through January 1, 2028.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This is a standard Form 4 filing, reflecting a common practice where company executives dispose of shares to cover tax obligations arising from the vesting of equity compensation.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The vesting schedules and tax withholding practices are typical for equity compensation plans.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 01/05/2022 | Date of original grant of 7,623 RSUs vesting monthly through January 1, 2026. |
| 01/01/2023 | Date of original grant of 143,230 RSUs vesting monthly through January 1, 2027. |
| 03/13/2024 | Date of original grant of 108,641 RSUs vesting monthly through January 1, 2028. |
| 03/03/2025 | Date of transaction: Disposal of 4,642 shares for tax obligations. |
| 03/04/2025 | Date of signature on the Form 4. |
| 01/01/2026 | End date for vesting of 7,623 RSUs originally granted on January 5, 2022. |
| 01/01/2027 | End date for vesting of 143,230 RSUs originally granted on January 1, 2023. |
| 01/01/2028 | End date for vesting of 108,641 RSUs originally granted on March 13, 2024. |
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