Form 4: Exodus Movement Director Daniel Castagnoli Sells Shares to Cover Tax Obligations
SEC Form 4
Director Daniel Castagnoli of Exodus Movement, Inc. sold shares of Class A Common Stock to cover tax obligations related to the vesting of restricted stock units.
Summary
- On April 1, 2025, Daniel Castagnoli, a director and 10% owner of Exodus Movement, Inc., had 9,285 shares of Class A Common Stock withheld by the company to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- The price per share for the transaction was $45.74.
- Following the transaction, Castagnoli beneficially owns 790,874 shares of Class A Common Stock.
- These holdings include RSUs that vest in monthly installments through January 1, 2026, January 1, 2027 and January 1, 2028.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily indicate a change in the company's outlook or performance.
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 where shares were withheld for 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 in equal monthly installments |
| January 1, 2027 | Date through which 273,438 RSUs originally granted on January 1, 2023 vest in equal monthly installments |
| January 1, 2028 | Date through which 210,890 RSUs originally granted on March 13, 2024 vest in equal monthly installments |
Keywords
Form 4, Exodus Movement, Daniel Castagnoli, Class A Common Stock, Restricted Stock Units, Tax Withholding, Director, 10% Owner
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