Exodus Movement, Inc.
For the period ended Jun 30, 2025. Filed Aug 11, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 11, 2025
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2025-03-31; filed 2025-05-12.
0000950170-25-069194
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationCurrent report: 10-Q
Period ended 2025-06-30; filed 2025-08-11.
0000950170-25-106553
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 14 previous paragraphs and 13 current paragraphs.
9 unchanged; 1 reworded; 3 added; 4 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
The current filing states there were no material changes to risk factors.
This is the filer’s own statement, not a conclusion from the comparison. Read its qualifications and the report it references.
Current filing’s statement
There have been no material changes in our risk factors from those previously disclosed in Item 1A of Part I of our Annual Report on Form 10-K for the year ended December 31, 2024 and Item 1A of Part II of our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025.
Added paragraphs (3)
Current report
On May 14, 2025, James Gernetzke, Chief Financial Officer of the Company, adopted a trading plan intended to satisfy Rule 10b5-1(c) under the Exchange Act to sell up to 96,000 shares of the Company’s common stock between August 14, 2025 and December 31, 2026, subject to certain conditions.
Current report
On June 13, 2025, Jon Paul Richardson, a Director and Chief Executive Officer of the Company, adopted a trading plan intended to satisfy Rule 10b5-1(c) under the Exchange Act to sell up to 1,000,000 shares of the Company’s common stock between September 12, 2025 and June 30, 2026, subject to certain conditions.
Current report
On June 13, 2025, Daniel Castagnoli, a Director of the Company and President of the Company’s wholly-owned subsidiary, 3ZERO, adopted a trading plan intended to satisfy Rule 10b5-1(c) under the Exchange Act to sell up to 400,000 shares of the Company’s common stock between September 12, 2025 and June 30, 2026, subject to certain conditions.
Removed paragraphs (4)
Previous report
In our report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission on March 6, 2025, we identify under Item 1A important factors which could affect our financial performance and could cause our actual results for future periods to differ materially from our anticipated results or other expectations, including those expressed in any forward-looking statements made in this Form 10-Q. See the section entitled “Cautionary Note on Forward-Looking Statements” in this Form 10-Q. We may also refer to such disclosure to identify factors that may cause results to differ from those expressed in other forward-looking statements made in oral presentations, including telephone conferences and/or webcasts open to the public.
Previous report
Changes to business-related risks regarding tax information reporting obligations.
Previous report
On April 10, 2025, President Trump signed House Joint Resolution 25 (H.J. Res. 25) into law. This legislation provided for congressional disapproval under chapter 8 of title 5, United States Code, of the rule published by the Internal Revenue Service on December 27, 2024 relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales” (the “Rule”). We previously listed this rule as a business-related risk that would have caused us to invest substantially in new compliance measures because we would have been treated as a broker for tax purposes of reporting for sales of digital assets effected on or after January 1, 2027. Following H.J. Res. 25 being signed into law, we believe this rule no longer poses a business-related risk.
Previous report
During the three months ended March 31, 2025, no director or Section 16 officer adopted, modified, orterminatedany Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (in each case as defined under SEC rules).
Reworded paragraphs (1)
Previous wording
Except as set forth below, there have been no material changes in our risk factors from those previously disclosed in Item 1A of Part I of our Annual Report on Form 10-K for the year ended December 31, 2024.
Current wording
There have been no material changes in our risk factors from those previously disclosed in Item 1A of Part I of our Annual Report on Form 10-K for the year ended December 31, 2024 and Item 1A of Part II of our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025.