William Brian Poppic Reeves, Chief Executive Officer and 10% owner of Fold Holdings, Inc. (NASDAQ:FLD), filed a Form 4 on November 3, 2026, disclosing transactions in common stock and restricted stock units dated October 30, 2026 and November 2, 2026.

Key Highlights

  • RSU conversion: On October 30, 2026, Reeves acquired 11,548 shares of common stock via the settlement (transaction code M) of restricted stock units, on a one-for-one basis.
  • Tax-cover sale: On November 2, 2026, 4,572 shares were sold at $0.552 per share; according to the filing, the sale was mandated by the issuer's "sell to cover" policy to satisfy tax withholding obligations and "does not represent a discretionary transaction by Mr. Reeves."
  • Remaining direct ownership: Following both transactions, Reeves directly held 5,453,223 shares of common stock.
  • RSU balance: After the October 30, 2026 settlement, 11,549 restricted stock units remained outstanding in Reeves' name, held directly.
  • Vesting schedule: The filing states the RSUs vest as to one-fourth of the underlying shares beginning December 1, 2023, and thereafter in 48 equal monthly installments, subject to continued service and a liquidity event condition deemed met upon the merger.
  • Merger context: The RSU awards originated from Legacy Fold and were converted pursuant to the Agreement and Plan of Merger dated July 24, 2024, involving FTAC Emerald Acquisition Corp., FTAC EMLD Merger Sub Inc., and Fold, Inc.

CEO Reeves' RSU Settlement and Mandatory Tax Sale at Fold Holdings

According to the Form 4 filed with the SEC on November 3, 2026, William Brian Poppic Reeves, who serves as Chief Executive Officer and is identified as both a director and a 10% owner of Fold Holdings, Inc. (NASDAQ:FLD), reported two transactions in the company's common stock during late October and early November 2026.

The first transaction, dated October 30, 2026, was coded "M," reflecting the conversion of 11,548 restricted stock units into an equivalent number of common shares on a one-for-one basis. The filing notes that these RSUs were originally Legacy Fold awards automatically converted into Fold Holdings RSU awards at the exchange ratio described in the company's Registration Statement on Form S-4 (Reg. No. 333-282520), as part of the merger finalized under the Agreement and Plan of Merger dated July 24, 2024. The liquidity event vesting condition attached to the RSUs "was deemed met upon the Merger," according to the filing.

The second transaction, dated November 2, 2026, involved the sale of 4,572 shares at $0.552 per share. The filing is explicit that this sale "represents shares sold by Mr. Reeves to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units" and that it "is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a 'sell to cover' transaction." Following both transactions, Reeves held 5,453,223 shares of common stock directly, and 11,549 restricted stock units remained outstanding.

What Was Disclosed

Fold Holdings CEO William Brian Poppic Reeves disclosed the settlement of 11,548 RSUs into common shares on October 30, 2026, and a mandatory tax-withholding sale of 4,572 shares at $0.552 on November 2, 2026, leaving him with 5,453,223 shares and 11,549 RSUs.