Fold Holdings Inc. Chief Executive Officer William Brian Poppic Reeves sold ordinary shares worth $9,143 on August 20 and 21 to cover tax obligations tied to restricted stock unit vesting, according to company filings.
The transactions involved 8,911 shares sold at $0.476 each on August 20 and 10,045 shares at $0.488 on August 21. Following the disposals, Reeves retains 5,450,417 ordinary shares in the company.
The sales were executed under a "sell to cover" policy, meaning the disposals were non-discretionary and linked to tax withholding requirements. Fold Holdings did not provide a specific reason for the timing of the transactions beyond the policy requirements.
Fold’s stock has declined 86% over the past 12 months, reflecting broader challenges in the cryptocurrency market. The company’s Q2 2026 results showed a 26% year-over-year revenue decline to $6.1 million, missing analyst expectations of $8.83 million. Analysts had projected a loss of $0.1475 per share for the quarter, though Fold did not disclose its actual earnings per share.
The company’s shares have exhibited high price volatility amid ongoing operational pressures and broader sector headwinds in digital assets.
