William Brian Poppic Reeves, Chief Executive Officer and ten percent owner of Fold Holdings (NASDAQ:FLD), sold shares totaling $8,048. The transaction occurred on May 28, 2026.
Reeves disposed of 8,113 shares at $0.992 each. The sale was to cover tax withholding obligations related to vesting restricted stock units. According to the filing, this was a mandatory 'sell to cover' transaction, not discretionary.
FLD shares trade near their 52-week low of $0.93, down 13% over the past week. Bond.az analysis suggests the stock may be undervalued at current levels. The company has a gross profit margin of -44% over the trailing twelve months.
After the sale, Reeves directly owns 5,466,193 shares, maintaining a significant stake in the $50.6 million market cap company.
In recent news, Fold Holdings reported weak Q1 2026 results with EPS of -$0.59 versus -$0.13 expected, and revenue of $5.59 million versus $10.09 million expected. The company also secured a $150 million credit facility with Encina Lender Finance.
