Form 4: Exodus Movement Insider Sells Shares for Tax Obligations

Exodus Movement Director Daniel Castagnoli sold 10,396 shares of Class A Common Stock at $14.79 to cover tax withholding obligations related to RSU vesting.

Summary

• Daniel Castagnoli, a Director, 10% Owner, and President of 3ZERO at Exodus Movement, Inc. (EXOD), reported a transaction.
• On January 1, 2026, Castagnoli disposed of 10,396 shares of Class A Common Stock.
• The shares were sold at a price of $14.79 per share.
• This disposition was made to satisfy tax withholding obligations associated with the vesting and settlement of previously granted Restricted Stock Units (RSUs).
• Following this transaction, Castagnoli beneficially owns 763,777 shares of Class A Common Stock directly.
• His beneficial ownership includes 156,250 RSUs granted on January 1, 2023, vesting monthly through January 1, 2027.
• His beneficial ownership also includes 153,375 RSUs granted on March 13, 2024, vesting monthly through January 1, 2028.
• Additionally, his beneficial ownership includes 48,074 RSUs granted on May 21, 2025, vesting monthly through January 1, 2029.

Sentiment

Score: 5

Explanation: The transaction is a standard disposition of shares to cover tax withholding obligations upon RSU vesting, which is a neutral event and does not reflect a discretionary sale or purchase by the insider.

Positives

• Vesting of Restricted Stock Units (RSUs) indicates ongoing employee compensation and retention mechanisms are in place, aligning insider interests with shareholder value.

Negatives

• No inherently negative aspects identified as the transaction is for tax withholding, a routine and non-discretionary event.

Risks

• NA

Future Outlook

Daniel Castagnoli holds 357,699 unvested Restricted Stock Units (RSUs) that are scheduled to vest in monthly installments through January 1, 2029, indicating future share issuances upon settlement.

Industry Context

This Form 4 filing details a routine insider transaction related to RSU vesting and tax obligations, which is a common occurrence across publicly traded companies, particularly in growth-oriented sectors where equity compensation is prevalent. It does not provide specific insights into broader industry trends for Exodus Movement, Inc.

Stakeholder Impact

• Shareholders: Minor dilution from RSU vesting is a standard aspect of equity compensation plans, aimed at retaining key personnel. The tax-related sale is a non-discretionary event and does not signal a change in insider confidence.
• Employees: The vesting of RSUs demonstrates the company's commitment to equity-based compensation, which can aid in employee retention and motivation for key personnel like Daniel Castagnoli.

Next Steps

• Continued monthly vesting of 156,250 RSUs through January 1, 2027.
• Continued monthly vesting of 153,375 RSUs through January 1, 2028.
• Continued monthly vesting of 48,074 RSUs through January 1, 2029.

Key Dates

Keywords

Exodus Movement, EXOD, Daniel Castagnoli, Form 4, insider transaction, stock sale, RSU, restricted stock units, tax withholding, beneficial ownership