Form 4: Exodus Movement Inc. Executive Veronica McGregor Reports Tax Withholding Transaction
SEC Form 4 Filing
Chief Legal Officer Veronica McGregor reports the withholding of 3,027 Class A Common Stock shares by Exodus Movement, Inc. to cover tax obligations related to vesting restricted stock units.
Summary
- On May 1, 2025, Veronica McGregor, Chief Legal Officer of Exodus Movement, Inc., had 3,027 shares of Class A Common Stock withheld by the company to satisfy tax obligations.
- This withholding was related to the vesting and settlement of restricted stock units (RSUs) previously granted under the company's equity incentive plans.
- The price of the Class A Common Stock on the vesting date was $39.04.
- Following this transaction, McGregor beneficially owns 263,470 shares of Class A Common Stock, which includes RSUs vesting through January 1, 2028.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax withholding on vested RSUs, and it doesn't inherently indicate positive or negative sentiment. It's a neutral event.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. This filing is specific to Exodus Movement, Inc. and doesn't provide broader industry context.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a standard procedure.
Key Dates
| Date | Description |
|---|---|
| January 4, 2022 | Date of original grant of 5,209 RSUs vesting monthly through January 1, 2026. |
| January 1, 2023 | Date of original grant of 86,806 RSUs vesting monthly through January 1, 2027. |
| March 13, 2024 | Date of original grant of 68,167 RSUs vesting monthly through January 1, 2028. |
| May 1, 2025 | Date of transaction: 3,027 shares withheld for tax obligations. |
| May 2, 2025 | Date of signature on the Form 4 filing. |
| January 1, 2026 | Last vesting date for 5,209 RSUs originally granted on January 4, 2022. |
| January 1, 2027 | Last vesting date for 86,806 RSUs originally granted on January 1, 2023. |
| January 1, 2028 | Last vesting date for 68,167 RSUs originally granted on March 13, 2024. |
Keywords
Form 4, Beneficial Ownership, Veronica McGregor, Exodus Movement Inc., EXOD, Chief Legal Officer, Restricted Stock Units, RSUs, Tax Withholding, Class A Common Stock, Equity Incentive Plans
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