CTO Sells Shares to Cover Tax Obligations
Fold Holdings CTO Thomas J. Dickman sold a total of $1,317 worth of the company's common stock on 2026-08-17, according to a recent SEC Form 4 filing. The transactions involved the disposition of 2,884 shares of common stock at a price of $0.457 per share.
Following these sales, Mr. Dickman beneficially owns 536,707 shares of Fold Holdings common stock. The sale price reflects a challenging period for the stock, which has declined 88% over the past year and currently trades near its 52-week low of $0.36.
The filing indicated that these sales were not discretionary transactions by Mr. Dickman. Instead, the shares were sold to cover tax withholding obligations associated with the vesting and settlement of restricted stock units. This "sell to cover" transaction was mandated by Fold Holdings' policy requiring the satisfaction of tax withholding obligations through such a sale.
Recent Financial Developments
In other recent news, Fold Holdings reported a significant decline in its second-quarter revenue, which fell by 26% compared to the previous year. The company announced revenue of $6.1 million, falling short of analysts' expectations of $8.83 million. Analysts had projected a loss of $0.1475 per share. These developments come amid ongoing challenges in the cryptocurrency market, which have impacted the company's financial performance.
Categories: bitcoin, markets, defi-news, regulation Tags: fold holdings, tom dickman, sec filing, tax obligations, restricted stock units
