FLD · Fold Holdings, Inc.

Fold Holdings, Inc., a bitcoin financial services company, provides access to bitcoin through a suite of consumer financial products in the United States. Its financial services platform allows consumers to accumulate, save, and use bitcoin to accomplish financial goals. The company offers consumers an FDIC insured checking account, a Visa prepaid debit card, bill payments services, and an extensive catalog of merchant reward offers, as well as partners with third-party service providers that offer bitcoin exchange and custody services. It also invests in and accumulates bitcoin for treasury. The company offers its products and services through the Fold mobile application. Fold Holdings, Inc. was founded in 2019 and is headquartered in Phoenix, Arizona.

Cap structure and valuation

Cap structure
SP	$0.46
SO	50.8M
Options	0.0M
Warrants	0.9M
FD SO	51.7M
MC	$23.8M

Cash	$11.5M
Total debt	$12.2M ⚠
EV	$24.4M

TTM Multiples
EV / Revenue	0.8x
EV / EBITDA	—
MC / Net Income	—
EV / FCF	—
MC / FCF	—

Ownership & coverage
Institutional	18.7%
Insiders	72.4%
# Institutions	71
Analysts	4
Consensus	—
Avg target	$3.41

Short % float	3.3%
Days to cover	0.13

MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-10. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.

Debt figure uncertain — $22.3M of liabilities are neither recognized debt nor a named non-debt item. Verify against the filing before relying on EV.

Financial statements

	3/31/26	12/31/25	9/30/25	6/30/25
Total Revenue	5.59	9.13	7.40	8.18
Revenue YoY %	(21.1%)	8.2%	41.2%	59.1%

Interest Expense	2.27	1.28	1.18	1.97
Pretax Income	(29.16)	(34.69)	0.55	13.43
Tax Provision	0.00	(0.00)	(0.00)	0.00
Net Income	(29.17)	(34.69)	0.55	13.43
Net Margin %	(521.6%)	(379.9%)	7.5%	164.2%

Diluted EPS	-$0.59	-$0.77	$0.01	$0.28
Basic EPS	-$0.59	-$0.77	$0.01	$0.29
Diluted Avg Shares	49.7	—	46.9	47.6
Basic Avg Shares	49.7	—	46.9	46.5

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Total Revenue	30.30	31.79	23.75	—	—
Revenue YoY %	(4.7%)	33.9%	—	—	—
Gross Profit	—	—	0.00	—	—
Gross Margin %	—	—	0.0%	—	—

SG&A	—	—	2.92	3.73	—

Operating Income	—	—	(2.92)	(3.73)	(1.78)
Operating Income YoY %	—	—	21.7%	(109.9%)	—
Operating Margin %	—	—	(12.3%)	—	—

Interest Expense	6.71	5.71	0.23	—	—
Other Income / (Expense)	—	—	(61.93)	10.50	3.62
Pretax Income	(49.88)	(69.59)	(65.08)	6.77	1.84
Tax Provision	0.00	0.00	0.01	2.33	0.73
Net Income	(49.88)	(69.59)	(65.09)	4.44	1.12
Net Margin %	(164.6%)	(218.9%)	(274.0%)	—	—

Diluted EPS	-$1.07	-$1.65	-$11.15	—	—
Basic EPS	-$1.06	-$1.65	-$11.15	—	—
Diluted Avg Shares	49.7	42.2	5.8	—	—
Basic Avg Shares	49.7	42.2	5.8	—	—

	3/31/26	12/31/25	9/30/25	6/30/25
Cash & Equivalents	11.53	7.65	6.66	6.61
Receivables	0.54	0.73	0.29	0.70
Inventory	0.46	0.48	0.37	0.33
Other Current Assets	7.45	9.26	11.76	13.01
Total Current Assets	19.98	18.12	19.08	20.65

Other Assets	58.35	135.35	171.89	161.45
Total Assets	78.33	153.47	190.97	182.10

Accounts Payable	1.65	0.70	1.05	1.31
Other Current Liabilities	40.32	20.41	11.90	11.58
Total Current Liabilities	41.98	21.11	12.95	12.89
Other Liabilities	—	69.37	83.33	80.69
Total Liabilities	41.98	90.48	96.28	93.58

Retained Earnings	(200.11)	(170.94)	(136.25)	(136.80)
Total Equity	36.35	62.99	94.69	88.53

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Cash & Equivalents	11.53	7.65	18.33	0.03	0.07
Receivables	0.54	0.73	0.45	—	—
Inventory	0.46	0.48	0.26	—	—
Other Current Assets	7.45	9.26	9.26	—	—
Total Current Assets	19.98	18.12	28.30	0.31	0.26

Other Assets	58.35	135.35	97.35	165.65	255.41
Total Assets	78.33	153.47	125.66	165.96	255.66

Accounts Payable	1.65	0.70	1.11	—	—
Other Current Liabilities	40.32	20.41	20.78	3.39	—
Total Current Liabilities	41.98	21.11	21.90	3.39	0.49
Other Liabilities	—	69.37	171.57	1.16	9.86
Total Liabilities	41.98	90.48	193.46	4.55	10.35
Mezzanine Equity	—	—	51.25	165.72	253.81

Retained Earnings	(200.11)	(170.94)	(101.35)	(11.30)	(8.50)
Total Equity	36.35	62.99	(119.06)	(4.31)	(8.50)

	3/31/26	12/31/25	9/30/25	6/30/25
Net Income	(29.17)	(34.69)	0.55	13.43
Stock-Based Comp	1.70	1.50	1.58	1.73
Δ Working Cap & Other	20.88	28.50	(4.60)	(19.15)
Operating Cash Flow	(6.59)	(4.69)	(2.48)	(4.00)

Other Investing	13.19	(5.21)	(0.95)	(0.98)
Investing Cash Flow	13.19	(5.21)	(0.95)	(0.98)

Stock Issuance	0.39	0.89	—	—
Other Financing	(3.12)	10.00	3.48	—
Financing Cash Flow	(2.73)	10.89	3.48	(0.11)

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Net Income	(49.88)	(69.59)	(65.09)	4.44	1.12
Stock-Based Comp	6.50	9.97	0.00	—	—
Δ Working Cap & Other	25.63	43.50	61.77	(9.53)	(2.82)
Operating Cash Flow	(17.76)	(16.12)	(3.31)	(5.08)	(1.70)

Other Investing	6.06	(8.97)	(2.51)	99.81	(28.43)
Investing Cash Flow	6.06	(8.97)	(2.51)	99.81	(28.43)

Stock Issuance	4.76	4.37	(1.65)	—	13.73
Stock Buyback	—	—	(116.72)	(96.79)	—
Other Financing	6.77	10.04	141.04	2.02	15.25
Financing Cash Flow	11.53	14.41	22.67	(94.77)	28.98

	3/31/26	12/31/25	9/30/25	6/30/25
Current Ratio	0.48	0.86	1.47	1.60
Quick Ratio	0.46	0.84	1.44	1.58
Debt / Equity	1.15	1.44	1.02	1.06
EBITDA Margin %	—	—	—	—
Working Capital	(22.00)	(2.99)	6.12	7.76
Net Debt	—	—	—	—
ROE %	(80.2%)	(55.1%)	0.6%	15.2%
ROA %	(37.2%)	(22.6%)	0.3%	7.4%

	LTM	12/31/25	12/31/24	12/31/23	12/31/22
Current Ratio	0.48	0.86	1.29	0.09	0.52
Quick Ratio	0.46	0.84	1.28	—	—
Debt / Equity	1.15	1.44	-1.62	-1.06	-1.22
EBITDA Margin %	—	—	—	—	—
Working Capital	(22.00)	(2.99)	6.41	(3.09)	(0.23)
Net Debt	—	—	—	—	—
ROE %	(137.2%)	(110.5%)	54.7%	(103.1%)	(13.1%)
ROA %	(63.7%)	(45.3%)	(51.8%)	2.7%	0.4%

Insider activity (last 2 years)

Date Filed	Reporter	Relationship	Trans. Date	Code	Shares	Price	Total Value
2026-06-15	Kirkwood Jonathan	Director, 10% Owner	2026-06-12	P	105,000	$0.61	$64,365
2026-06-03	Dickman Thomas J	Officer (Chief Technology Officer)	2026-06-02	S	(6)	$0.91	-$5
2026-06-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-06-02	S	(5,158)	$0.91	-$4,668
2026-06-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-06-02	S	(481)	$0.91	-$435
2026-06-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-06-02	S	(480)	$0.91	-$434
2026-06-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-06-02	S	(824)	$0.91	-$746
2026-06-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-06-02	S	(6)	$0.91	-$5
2026-06-03	Dickman Thomas J	Officer (Chief Technology Officer)	2026-06-01	M	17	—	$0
2026-06-03	Dickman Thomas J	Officer (Chief Technology Officer)	2026-06-01	M	(17)	—	$-0
2026-06-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-06-01	M	1,075	—	$0
2026-06-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-06-01	M	11,548	—	$0
2026-06-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-06-01	M	(1,075)	—	$-0
2026-06-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-06-01	M	(11,548)	—	$-0
2026-06-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-06-01	M	2,639	—	$0
2026-06-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-06-01	M	17	—	$0
2026-06-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-06-01	M	1,540	—	$0
2026-06-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-06-01	M	(2,639)	—	$-0
2026-06-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-06-01	M	(17)	—	$-0
2026-06-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-06-01	M	(1,540)	—	$-0
2026-06-02	Hill Kirstin	Director	2026-05-29	A	95,484	—	$0
2026-06-02	Goldwasser Lesley	Director	2026-05-29	A	95,484	—	$0
2026-06-02	Hohns Andrew	Director	2026-05-29	A	95,484	—	$0
2026-06-02	Kirkwood Jonathan	Director, 10% Owner	2026-05-29	A	95,484	—	$0
2026-06-02	Simha Erez	Director	2026-05-29	A	95,484	—	$0
2026-06-02	Young Bracebridge H Jr	Director	2026-05-29	A	95,484	—	$0
2026-05-29	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-05-28	S	(8,113)	$0.99	-$8,048
2026-05-28	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-05-27	S	(8,841)	$0.98	-$8,708
2026-05-28	Young Bracebridge H Jr	Director	2026-05-27	P	10,000	$1.03	$10,303
2026-05-28	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-05-26	S	(9,221)	$1.06	-$9,811
2026-05-26	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-05-22	S	(8,698)	$1.15	-$9,968
2026-05-26	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-05-21	S	(7,713)	$1.22	-$9,379
2026-05-21	Repass Wolfe	Officer (Chief Financial Officer)	2026-05-20	S	(3,126)	$1.21	-$3,779
2026-05-21	Dickman Thomas J	Officer (Chief Technology Officer)	2026-05-20	S	(81)	$1.21	-$98
2026-05-21	Repass Wolfe	Officer (Chief Financial Officer)	2026-05-19	M	695	—	$0
2026-05-21	Repass Wolfe	Officer (Chief Financial Officer)	2026-05-19	M	(695)	—	$-0
2026-05-21	Dickman Thomas J	Officer (Chief Technology Officer)	2026-05-19	M	179	—	$0
2026-05-21	Dickman Thomas J	Officer (Chief Technology Officer)	2026-05-19	M	(179)	—	$-0
2026-05-20	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-05-19	S	(10,681)	$1.22	-$12,999
2026-05-20	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-05-18	S	(9,681)	$1.24	-$12,004
2026-05-19	Young Bracebridge H Jr	Director	2026-05-18	P	8,500	$1.24	$10,552
2026-05-18	Dickman Thomas J	Officer (Chief Technology Officer)	2026-05-15	S	(4,049)	$1.43	-$5,806
2026-05-05	Repass Wolfe	Officer (Chief Financial Officer)	2026-05-04	S	(1,947)	$1.42	-$2,769
2026-05-05	Dickman Thomas J	Officer (Chief Technology Officer)	2026-05-04	S	(9)	$1.42	-$13
2026-05-05	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-05-04	S	(5,537)	$1.42	-$7,874
2026-05-05	Repass Wolfe	Officer (Chief Financial Officer)	2026-05-01	M	2,639	—	$0
2026-05-05	Repass Wolfe	Officer (Chief Financial Officer)	2026-05-01	M	18	—	$0
2026-05-05	Repass Wolfe	Officer (Chief Financial Officer)	2026-05-01	M	1,540	—	$0
2026-05-05	Repass Wolfe	Officer (Chief Financial Officer)	2026-05-01	M	(2,639)	—	$-0
2026-05-05	Repass Wolfe	Officer (Chief Financial Officer)	2026-05-01	M	(18)	—	$-0
2026-05-05	Repass Wolfe	Officer (Chief Financial Officer)	2026-05-01	M	(1,540)	—	$-0
2026-05-05	Dickman Thomas J	Officer (Chief Technology Officer)	2026-05-01	M	18	—	$0
2026-05-05	Dickman Thomas J	Officer (Chief Technology Officer)	2026-05-01	M	(18)	—	$-0
2026-05-05	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-05-01	M	1,074	—	$0
2026-05-05	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-05-01	M	11,549	—	$0
2026-05-05	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-05-01	M	(1,074)	—	$-0
2026-05-05	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-05-01	M	(11,549)	—	$-0
2026-04-23	McManus Matt	Officer (Chief Operating Officer)	2026-04-22	S	(9,924)	$1.50	-$14,926
2026-04-21	Repass Wolfe	Officer (Chief Financial Officer)	2026-04-20	S	(236)	$1.50	-$354
2026-04-21	Dickman Thomas J	Officer (Chief Technology Officer)	2026-04-20	S	(61)	$1.50	-$92
2026-04-21	Repass Wolfe	Officer (Chief Financial Officer)	2026-04-17	M	695	—	$0
2026-04-21	Repass Wolfe	Officer (Chief Financial Officer)	2026-04-17	M	(695)	—	$-0
2026-04-21	Dickman Thomas J	Officer (Chief Technology Officer)	2026-04-17	M	178	—	$0
2026-04-21	Dickman Thomas J	Officer (Chief Technology Officer)	2026-04-17	M	(178)	—	$-0
2026-04-14	Repass Wolfe	Officer (Chief Financial Officer)	2026-04-10	A	482,289	—	$0
2026-04-14	Dickman Thomas J	Officer (Chief Technology Officer)	2026-04-10	A	211,048	—	$0
2026-04-14	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-04-10	A	798,117	—	$0
2026-04-14	McManus Matt	Officer (Chief Operating Officer)	2026-04-10	A	286,104	—	$0
2026-04-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-04-02	S	(1,326)	$1.22	-$1,620
2026-04-03	Dickman Thomas J	Officer (Chief Technology Officer)	2026-04-02	S	(6)	$1.22	-$7
2026-04-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-04-02	S	(5,710)	$1.22	-$6,978
2026-04-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-04-01	M	2,638	—	$0
2026-04-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-04-01	M	17	—	$0
2026-04-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-04-01	M	1,539	—	$0
2026-04-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-04-01	M	(2,638)	—	$-0
2026-04-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-04-01	M	(17)	—	$-0
2026-04-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-04-01	M	(1,539)	—	$-0
2026-04-03	Dickman Thomas J	Officer (Chief Technology Officer)	2026-04-01	M	17	—	$0
2026-04-03	Dickman Thomas J	Officer (Chief Technology Officer)	2026-04-01	M	(17)	—	$-0
2026-04-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-04-01	M	1,075	—	$0
2026-04-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-04-01	M	11,548	—	$0
2026-04-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-04-01	M	(1,075)	—	$-0
2026-04-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-04-01	M	(11,548)	—	$-0
2026-03-30	Ten31 LLC	Director, 10% Owner	2026-02-26	A	520,000	—	$0
2026-03-30	Ten31 LLC	Director, 10% Owner	2026-02-26	J	(3,700,000)	—	$-0
2026-03-23	Repass Wolfe	Officer (Chief Financial Officer)	2026-03-20	S	(176)	$1.25	-$219
2026-03-23	Dickman Thomas J	Officer (Chief Technology Officer)	2026-03-20	S	(47)	$1.25	-$59
2026-03-23	Repass Wolfe	Officer (Chief Financial Officer)	2026-03-19	M	695	—	$0
2026-03-23	Repass Wolfe	Officer (Chief Financial Officer)	2026-03-19	M	(695)	—	$-0
2026-03-23	Dickman Thomas J	Officer (Chief Technology Officer)	2026-03-19	M	179	—	$0
2026-03-23	Dickman Thomas J	Officer (Chief Technology Officer)	2026-03-19	M	(179)	—	$-0
2026-03-17	Fulgur Frontier Capital LP	10% Owner	2025-12-30	A	7,191,631	—	$0
2026-03-12	Fulgur Frontier Capital LP	10% Owner	2025-12-30	A	7,191,631	—	$0
2026-03-03	Repass Wolfe	Officer (Chief Financial Officer)	2026-03-02	S	(11,281)	$1.42	-$16,053
2026-03-03	Dickman Thomas J	Officer (Chief Technology Officer)	2026-03-02	S	(8)	$1.42	-$11
2026-03-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-03-02	S	(5,496)	$1.42	-$7,821
2026-03-03	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-27	M	17	—	$0
2026-03-03	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-27	A	5,000	$1.27	$6,350
2026-03-03	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-27	M	(17)	—	$-0
2026-03-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-02-27	M	1,074	—	$0
2026-03-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-02-27	M	11,548	—	$0
2026-03-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-02-27	M	(1,074)	—	$-0
2026-03-03	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-02-27	M	(11,548)	—	$-0
2026-03-02	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-27	S	(9,177)	$1.48	-$13,573
2026-03-02	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-27	M	30,785	—	$0
2026-03-02	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-27	M	2,639	—	$0
2026-03-02	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-27	M	17	—	$0
2026-03-02	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-27	M	1,540	—	$0
2026-03-02	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-27	M	(30,785)	—	$-0
2026-03-02	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-27	M	(2,639)	—	$-0
2026-03-02	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-27	M	(17)	—	$-0
2026-03-02	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-27	M	(1,540)	—	$-0
2026-03-02	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-26	S	(13,675)	$1.46	-$20,007
2026-03-02	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-26	M	30,785	—	$0
2026-03-02	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-26	M	(30,785)	—	$-0
2026-03-02	Kirkwood Jonathan	Director, 10% Owner	2026-02-26	A	20,800	—	$0
2026-03-02	Kirkwood Jonathan	Director, 10% Owner	2026-02-26	J	(148,000)	—	$-0
2026-02-26	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-25	S	(5,245)	$1.52	-$7,957
2026-02-26	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-25	M	30,785	—	$0
2026-02-26	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-25	M	(30,785)	—	$-0
2026-02-26	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-24	S	(13,796)	$1.47	-$20,280
2026-02-24	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-23	S	(4,179)	$1.49	-$6,227
2026-02-24	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-23	M	30,795	—	$0
2026-02-24	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-23	M	(30,795)	—	$-0
2026-02-24	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-20	S	(12,406)	$1.55	-$19,180
2026-02-24	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-20	M	8,338	—	$0
2026-02-24	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-20	M	(8,338)	—	$-0
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-19	M	178	—	$0
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-19	J	(80)	$1.50	-$120
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-19	M	(178)	—	$-0
2026-02-20	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-19	S	(21,857)	$1.48	-$32,436
2026-02-20	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-19	M	24,759	—	$0
2026-02-20	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-19	M	695	—	$0
2026-02-20	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-19	M	498	—	$0
2026-02-20	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-19	M	(24,759)	—	$-0
2026-02-20	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-19	M	(695)	—	$-0
2026-02-20	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-19	M	(498)	—	$-0
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-18	M	330,126	—	$0
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-18	M	20,633	—	$0
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-18	M	7,847	—	$0
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-18	M	498	—	$0
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-18	J	(152,336)	$1.47	-$223,934
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-18	J	(9,213)	$1.47	-$13,543
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-18	J	(3,504)	$1.47	-$5,151
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-18	J	(223)	$1.47	-$328
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-18	J	(11,163)	$1.47	-$16,410
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-18	J	(5,582)	$1.47	-$8,206
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-18	M	(330,126)	—	$-0
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-18	M	(20,633)	—	$-0
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-18	M	(7,847)	—	$-0
2026-02-20	Dickman Thomas J	Officer (Chief Technology Officer)	2026-02-18	M	(498)	—	$-0
2026-02-20	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-02-18	M	42,985	—	$0
2026-02-20	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-02-18	M	438,834	—	$0
2026-02-20	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-02-18	J	(17,990)	$1.47	-$26,445
2026-02-20	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-02-18	J	(183,653)	$1.47	-$269,970
2026-02-20	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-02-18	J	(36,619)	$1.47	-$53,830
2026-02-20	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-02-18	J	(188,325)	$1.47	-$276,838
2026-02-20	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-02-18	M	(42,985)	—	$-0
2026-02-20	Reeves William Brian Poppic	Officer (Chief Executive Officer), 10% Owner	2026-02-18	M	(438,834)	—	$-0
2026-02-20	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-18	M	22,234	—	$0
2026-02-20	Repass Wolfe	Officer (Chief Financial Officer)	2026-02-18	M	(22,234)	—	$-0
2025-12-02	Young Bracebridge H Jr	Director	2025-12-01	P	8,100	$3.12	$25,308
2025-08-28	Young Bracebridge H Jr	Director	2025-08-26	P	8,500	$3.45	$29,305
2025-08-21	Young Bracebridge H Jr	Director	2025-08-19	P	7,700	$3.85	$29,671
2025-06-20	Young Bracebridge H Jr	Director	2025-06-17	A	7,300	$4.52	$32,996
2025-06-05	Simha Erez	Director	2025-06-03	A	12,500	—	$0
2025-06-05	Kirkwood Jonathan	Director, 10% Owner	2025-06-03	A	112,500	—	$0
2025-06-05	Goldwasser Lesley	Director	2025-06-03	A	12,500	—	$0
2025-06-05	Hohns Andrew	Director	2025-06-03	A	12,500	—	$0
2025-06-05	Hill Kirstin	Director	2025-06-03	A	12,500	—	$0
2025-06-05	Young Bracebridge H Jr	Director	2025-06-03	A	12,500	—	$0
2025-05-20	McManus Matt	Officer (Chief Operating Officer)	2025-05-16	A	108,808	—	$0
2025-05-20	Reeves William Brian Poppic	Officer (Chief Executive Officer)	2025-05-16	A	2,150,000	—	$0
2025-05-20	Dickman Thomas J	Officer (Chief Technology Officer)	2025-05-16	A	150,000	—	$0
2025-05-20	Repass Wolfe	Officer (Chief Financial Officer)	2025-05-16	A	150,000	—	$0
2025-03-12	Reeves William Brian Poppic	Director, Officer (Chief Executive Officer)	2025-02-14	A	2,493,156	—	$0
2025-03-12	Reeves William Brian Poppic	Director, Officer (Chief Executive Officer)	2025-02-14	A	11,513	—	$0
2025-03-12	Reeves William Brian Poppic	Director, Officer (Chief Executive Officer)	2025-02-14	A	51,582	—	$0
2025-03-12	Reeves William Brian Poppic	Director, Officer (Chief Executive Officer)	2025-02-14	A	554,317	—	$0
2025-03-11	Repass Wolfe	Officer (Chief Financial Officer)	2025-02-14	A	24,759	—	$0
2025-03-11	Repass Wolfe	Officer (Chief Financial Officer)	2025-02-14	A	33,352	—	$0
2025-03-11	Repass Wolfe	Officer (Chief Financial Officer)	2025-02-14	A	126,660	—	$0
2025-03-11	Repass Wolfe	Officer (Chief Financial Officer)	2025-02-14	A	825	—	$0
2025-03-11	Repass Wolfe	Officer (Chief Financial Officer)	2025-02-14	A	73,909	—	$0
2025-03-11	Kirkwood Jonathan	Director, 10% Owner	2025-02-14	A	1,682,670	—	$0
2025-03-11	Kirkwood Jonathan	Director, 10% Owner	2025-02-14	A	3,365,299	—	$0
2025-03-11	Goncalves Nicolleta	Officer (VP of Risk and Compliance)	2025-02-14	A	66,417	—	$0
2025-03-11	Goncalves Nicolleta	Officer (VP of Risk and Compliance)	2025-02-14	A	23,971	—	$0
2025-03-11	Goncalves Nicolleta	Officer (VP of Risk and Compliance)	2025-02-14	A	42,091	—	$0
2025-03-11	Dickman Thomas J	Officer (Chief Technology Officer)	2025-02-14	A	330,126	—	$0
2025-03-11	Dickman Thomas J	Officer (Chief Technology Officer)	2025-02-14	A	20,633	—	$0
2025-03-11	Dickman Thomas J	Officer (Chief Technology Officer)	2025-02-14	A	8,561	—	$0
2025-03-11	Dickman Thomas J	Officer (Chief Technology Officer)	2025-02-14	A	825	—	$0
2025-02-19	COHEN BETSY Z	10% Owner	2025-02-15	D	(1,804,352)	—	$-0
2025-02-19	COHEN BETSY Z	10% Owner	2025-02-15	D	(1,943,148)	—	$-0
2025-02-19	COHEN BETSY Z	10% Owner	2025-02-15	D	(488,041)	—	$-0
2025-02-19	Emerald ESG Sponsor, LLC	10% Owner	2025-02-15	D	(1,804,352)	—	$-0
2025-02-19	Emerald ESG Sponsor, LLC	10% Owner	2025-02-15	D	(488,041)	—	$-0
2025-02-19	Emerald ESG Advisors, LLC	10% Owner	2025-02-15	D	(1,943,148)	—	$-0
2025-02-19	Hohns Andrew	Director	2025-02-15	J	23,035	—	$0
2025-02-19	Hohns Andrew	Director	2025-02-15	J	(19,660)	—	$-0
2025-02-19	Young Bracebridge H Jr	Director	2025-02-15	J	(86,998)	—	$-0
2025-02-19	Young Bracebridge H Jr	Director	2025-02-15	J	(35,434)	—	$-0