Form 4: Exodus Movement Insider Sells Shares for Tax Obligations Following RSU Vesting

Daniel Castagnoli, a Director, 10% Owner, and President of 3ZERO at Exodus Movement, Inc., disposed of 9,877 shares of Class A Common Stock valued at $28.5 per share to cover tax withholding obligations related to vested restricted stock units.

Summary

• Daniel Castagnoli, a Director, 10% Owner, and President of 3ZERO at Exodus Movement, Inc. (EXOD), reported a transaction on June 2, 2025.
• He disposed of 9,877 shares of Class A Common Stock at a price of $28.5 per share.
• This disposition was made to satisfy tax withholding obligations in connection with the vesting and settlement of previously granted restricted stock units (RSUs).
• Following this transaction, Mr. Castagnoli directly beneficially owns 833,441 shares of Class A Common Stock.
• His beneficial ownership includes 10,671 RSUs granted on January 5, 2022, vesting monthly through January 1, 2026.
• It also includes 247,396 RSUs granted on January 1, 2023, vesting monthly through January 1, 2027.
• Additionally, 198,109 RSUs granted on March 13, 2024, vesting monthly through January 1, 2028, are included.
• Finally, 57,422 RSUs granted on May 21, 2025, vesting monthly through January 1, 2029, are part of his holdings.
• Each RSU represents the right to receive one share of Class A Common Stock upon settlement.

Sentiment

Score: 5

Explanation: The transaction is a routine tax-related disposition of shares upon RSU vesting, which is a neutral event and does not indicate a positive or negative sentiment towards the company's performance or outlook.

Future Outlook

The document details future vesting schedules for Daniel Castagnoli's restricted stock units, with monthly installments extending through January 1, 2029, indicating a long-term equity incentive structure for the insider.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically related to equity compensation and tax obligations, which is a common practice across publicly traded companies, particularly in the technology and financial sectors where equity incentives are prevalent.

Stakeholder Impact

• Shareholders: The transaction represents a minor dilution from shares withheld for tax, but it is a standard part of equity compensation plans and generally has minimal impact on overall share price or company valuation. It confirms an insider's continued significant ownership.

Next Steps

• Continued monthly vesting of Daniel Castagnoli's RSUs through January 1, 2026, January 1, 2027, January 1, 2028, and January 1, 2029, as per the respective grant schedules.

Key Dates

Keywords

Exodus Movement, EXOD, Form 4, Insider Transaction, Daniel Castagnoli, Restricted Stock Units, RSU Vesting, Tax Withholding, Class A Common Stock, Beneficial Ownership