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Exodus Movement, Inc.

For the period ended Sep 30, 2025. Filed Nov 10, 2025.

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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.

Sep 30, 2025 · Filed Nov 10, 2025

EXOD$4.07+3.8%Stored close · as of Nov 6, 2026

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Other Information

Item 5. Other Information

(c) Trading Plans

On September 12, 2025, Matias Javier Olivera Freire, Chief Technical Officer of the Company, adopted a trading plan intended to satisfy Rule 10b5-1(c) under the Exchange Act to sell up to 162,904 shares of the Company’s common stock between December 15, 2025 and December 15, 2026, subject to certain conditions.

Master Digital Currency Loan Agreement with Galaxy Digital LLC

The information included in this “Part II-Item 5. Other Information” of this Form 10-Q is provided in lieu of filing such information on a Current Report on Form 8-K under “Item 1.01 Entry into a Material Definitive Agreement” and “Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.”

On November 5, 2025, Exodus Movement, Inc. (the “Company”) entered into a Master Digital Currency Loan Agreement (the “Loan Agreement”) with Galaxy Digital LLC (the “Lender”). The Loan Agreement establishes the terms and conditions under which the Company may from time to time borrow U.S. Dollars and/or specified digital currencies (each, a “Loan”), including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and other mutually agreed digital assets (the “Loan Facility”). Loans may be structured as open or term loans, with the specific type, amount, collateral, fees, maturity, the interest rate applicable to each Loan, and other terms for each Loan set forth in a written Loan Term Sheet executed by the Company and Lender at the time of such Loan. As of the date of this filing, the Company has not made any borrowings under the Loan Agreement.

Each Loan is secured by cash or digital currency collateral, and the Company has granted the Lender a first-priority security interest in such collateral to secure its obligations under the Loan Agreement. The Loan Agreement includes customary provisions regarding margin calls, events of default, and termination rights, as well as terms addressing hard forks, airdrops, and other digital-asset-specific events. Events of default include, among others, failure to pay borrowed amounts or fees when due, failure to return collateral, breach of covenants or representations, failure to meet margin requirements, certain merger or insolvency events, and cross-default events under other agreements for borrowed money. Upon an event of default, the non-defaulting party may declare all outstanding obligations immediately due and payable and exercise remedies available under the agreement and applicable law.

The Loan Agreement has an initial term of one year and automatically renews for successive one-year periods unless terminated in accordance with its terms. Termination events include specified regulatory or governmental actions, significant declines in the Company’s total equity, failure to deliver required reports, and key-person events. The Loan Agreement is governed by the laws of the State of New York and provides for binding arbitration in New York County.

The foregoing description of the Loan Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Master Digital Currency Loan Agreement, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

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