SCHEDULE 13G/A: Jon Paul Richardson Discloses 33.72% Beneficial Ownership in Exodus Movement, Inc.

Jon Paul Richardson has filed an amended Schedule 13G, reporting a beneficial ownership of 33.72% in Exodus Movement, Inc.'s Class A Common Stock as of March 31, 2025.

Summary

• Jon Paul Richardson, a U.S. citizen, has filed an Amendment No. 1 to Schedule 13G regarding his beneficial ownership in Exodus Movement, Inc.
• As of March 31, 2025, Mr. Richardson beneficially owns an aggregate of 9,643,257 shares of Exodus Movement, Inc. securities.
• This ownership represents 33.72% of the Class A Common Stock, calculated by treating all Class B shares as converted to Class A.
• The total beneficial ownership consists of 345,720 shares of Class A Common Stock and 9,297,537 shares of Class B Common Stock.
• The Class A Common Stock holdings include 41,871 shares that are scheduled to vest 60 days after the quarter ended March 31, 2025.
• Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time.
• The percentage ownership calculation is based on 9,138,615 Class A shares and 19,460,000 Class B shares outstanding as of February 28, 2025, as reported by the Issuer in its Form 10-K for the year ended December 31, 2024.
• While Class B Common Stock carries ten votes per share compared to one vote for Class A, the reported percentage does not reflect this differential voting power as shares are treated as converted to Class A for this report's purpose.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or prospects.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership by a significant shareholder, common across all publicly traded companies. It does not provide specific industry trends or competitive analysis but confirms a substantial individual stake in a company operating in the financial technology or cryptocurrency wallet sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant individual shareholder's stake, which can influence perceptions of control and stability.
• Management: Awareness of a large individual shareholder's significant voting power, particularly given the 10:1 voting ratio of Class B shares.

Key Dates

Keywords

Exodus Movement Inc., Jon Paul Richardson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Class B Common Stock, SEC Filing, Shareholder Disclosure, Equity Stake