FLD Fold Holdings, Inc.

BEARISH Impact: 5/10 Insider Cluster (4 insiders)
Horizon weeks Filed May 21, 2026 Processed 24d 9h ago
Insider cluster: 3 insiders, $0.0M total
Latest settled — T+5d
FLD ▼ -20.32% at T+5d
SHORT call ✓ call won +20.32% · α vs SPY +21.92% · entry $1.25 → $0.9960
Next anchor: T+20d in 3d
Last close $0.5820 (close Jun 12) · +53.44% from $1.25 entry (call sign-flipped)
Entry anchored
May 20, 03:59 PM ET
via Databento tick
T+1d
-11.20%
call +11.20% · α +11.65%
$1.11
settled 25d ago
T+5d
-20.32%
call +20.32% · α +21.92%
$0.9960
settled 18d ago
T+20d
call — · α —
in 3d
T+60d
call — · α —
in 2mo

Price Chart

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Executive Summary

Fold Holdings (FLD) insiders show a mixed cluster: a director bought $11K worth of shares, while the CEO and CFO sold a combined $29K in open-market sales following a weak Q1 earnings report. The CEO's sales are modest relative to market cap, but the CFO's sale and the timing just after a 21% revenue decline and $29M net loss raise caution.

Key Financial Metrics

Direction
mixed
Total Value
$29.0K
Insiders
4

Actionable Insight

The insider sales are small in dollar terms but notable for their timing — CEO and CFO both sold within days of a disastrous Q1 earnings miss. While the director's purchase provides a slight counterweight, the C-suite selling pattern suggests limited confidence in near-term recovery. Monitor for further insider sales or a potential equity offering given the cash burn ($29M net loss on $5.6M revenue).

Key Facts

  • CEO Reeves sold 20,362 shares total ($25K) on May 18-19, all open-market sales.
  • CFO Repass Wolfe sold 3,126 shares ($3.8K) on May 20, an open-market sale.
  • Director Young bought 8,500 shares ($11K) on May 18, an open-market purchase.
  • CTO Dickman sold 81 shares ($98) on May 20, a trivial amount.
  • Q1 2026 revenue was $5.6M, down 21.1% YoY, missing $10.0M consensus; net loss was $29.2M.
  • Total insider open-market sales ($29K) represent ~0.045% of FLD's $64M market cap — below the 0.1% threshold for materiality.
  • The cluster follows a bearish earnings report (8-K filed May 12) and includes derivative exercises (non-cash) by the CTO and CFO.

Financial Impact

Total open-market sales of ~$29K, or 0.045% of market cap — trivial in size. The Q1 revenue miss ($5.6M vs $10.0M consensus) is the more material financial event.

revenuenet incomeinsider trading volume

Risk Factors

  • CEO and CFO both selling after a 21% revenue decline signals potential lack of confidence in fundamentals.
  • Q1 revenue of $5.6M was 44% below consensus — risk of further downgrades or liquidity concerns.
  • Transaction volumes fell 32% YoY, and Bitcoin price exposure remains a headwind.
  • The director's $11K buy is too small to offset the C-suite selling pattern.

Market Snapshot

Exchange
Nasdaq
Sector
Finance Services
Analyst Consensus
86% bullish (7 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-FLD-1779413438287
21 reports for FLD
Performance horizon
80% Hit rate 4 of 5 directional calls best @ T+60▲ +31.21%Feb 27, 2026
Filters
Rows
Reports for FLD — sortable, filterable
Type Now
Jun 11, 2026
3d ago
Institutional Cluster
NEUTRAL ★ 3/10
$0.6830 awaiting T+5awaiting T+5$0.5820 (−14.79%)
May 30, 2026
16d ago
Insider Cluster
NEUTRAL ★ 3/10
$0.9500 $0.6520▼ −31.37%▼ −28.62%$0.5820 (−38.74%)
May 30, 2026
16d ago
Insider Cluster
NEUTRAL ★ 2/10
$0.9500 $0.6520▼ −31.37%▼ −28.62%$0.5820 (−38.74%)
May 30, 2026
16d ago
Insider Cluster
NEUTRAL ★ 3/10
$0.9500 $0.6520▼ −31.37%▼ −28.62%$0.5820 (−38.74%)
May 29, 2026
17d ago
Insider Cluster
NEUTRAL ★ 2/10
$0.9660 $0.6520▼ −32.51%▼ −29.98%$0.5820 (−39.75%)
May 27, 2026
18d ago
Press Release
BULLISH ★ 6/10
$1.01 $0.8700▼ −13.86%▼ −15.07%$0.5820 (−42.38%)
May 27, 2026
19d ago
Insider Cluster
NEUTRAL ★ 2/10
$1.01 $0.7280▼ −27.92%▼ −28.39%$0.5820 (−42.38%)
May 21, 2026
25d ago
Insider Cluster
BEARISH ★ 5/10
$1.25 $0.9960▲ +20.32%▲ +21.92%$0.5820 (+53.44%)
May 21, 2026
25d ago
Insider Cluster
BEARISH ★ 5/10
$1.25 $0.9660▲ +22.72%▲ +24.57%$0.5820 (+53.44%)
May 20, 2026
26d ago
Insider Cluster
BEARISH ★ 5/10
$1.27 $0.9960▲ +21.57%▲ +23.38%$0.5820 (+54.17%)
Showing 10 of 21

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