Exodus Movement director Carol MacKinlay reports RSU grant of 12,414 shares
Exodus Movement director Carol MacKinlay reported receiving 12,414 restricted stock units on Aug. 20, 2026, in a Form 4 filing; the shares are part of the company's 2026 equity incentive plan.
What happened
Exodus Movement, Inc. (EXOD) director Carol MacKinlay filed a Form 4 with the SEC on Aug. 24, 2026, reporting a grant of 12,414 restricted stock units (RSUs) on Aug. 20, 2026, at a price of $0. The filing was made on her behalf by attorney-in-fact James Gernetzke.
The RSUs were granted under the company's 2026 Equity Incentive Plan. According to the filing's explanation, 3,103 of the RSUs are vested as of the grant date, and the remainder vest in nine equal monthly installments through May 1, 2027. Each RSU represents the right to receive one share of Exodus' Class A common stock upon settlement.
The stock closed at $8.37 on the filing date, down 13.62% from the previous close of $9.69. The filing itself does not explain the price movement, and the sources do not indicate a connection between the grant and the price change.
At least seven insider transaction filings were detected in the 14 days leading up to the event date, though the provided filing text only details this one transaction. The other filings are not described in these sources.
What this means
Form 4 is the SEC form insiders — directors, officers, and 10% owners — must file to report changes in their beneficial ownership of company stock, as required by Section 16(a) of the Securities Exchange Act of 1934. This filing is a standard disclosure of an equity grant, not a sale or purchase on the open market.
Restricted stock units are a form of compensation that gives the recipient the right to receive company shares once certain conditions, usually time-based vesting, are met. Here, the RSUs vest over about nine months, with a portion immediately vested, meaning MacKinlay will own those shares outright as they settle.
The $0 price reflects that the RSUs are granted as compensation, not a purchase. The low par value of the underlying stock, $0.000001 per share, is typical for companies incorporated in Delaware and does not affect the market price.
RSU grants are routine corporate housekeeping for public companies and are not typically considered a signal of insider sentiment, unlike open-market sales or purchases. The share price decline on the filing date is not explained by the filing.
Sources
- insider-cluster filed 2026-08-24
- Daily price history
Information summarized by AI from the sources listed above. May contain errors — informational only, not investment advice.