Form 4: Exodus Movement Inc. Executive Veronica McGregor Reports Tax Withholding Share Disposals
SEC Form 4 Filing
Veronica McGregor, Chief Legal Officer of Exodus Movement, Inc., reports the disposal of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Veronica McGregor, Chief Legal Officer of Exodus Movement, Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's Class A Common Stock.
- On March 3, 2025, 3,026 shares were disposed of at $42.20 per share to satisfy tax withholding obligations related to vesting restricted stock units (RSUs).
- On March 4, 2025, an additional 270 shares were disposed of at $40.97 per share for the same reason.
- Following these transactions, McGregor directly owns 269,795 shares of Class A Common Stock.
- These holdings include unvested RSUs that will vest in monthly installments through January 1, 2028.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of compliance for company insiders and reflect transactions in the company's stock. The disposal of shares for tax withholding is a common occurrence when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 01/04/2022 | Date of original grant of 5,788 RSUs vesting through January 1, 2026. |
| 01/01/2023 | Date of original grant of 95,487 RSUs vesting through January 1, 2027. |
| 03/13/2024 | Date of original grant of 72,428 RSUs vesting through January 1, 2028. |
| 03/03/2025 | Disposal of 3,026 shares at $42.20 per share for tax withholding. |
| 03/04/2025 | Disposal of 270 shares at $40.97 per share for tax withholding. |
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