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Digi Power X grants CTO 125K options, 75K RSUs

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Digi Power X Inc. (DGXX) reported that Chief Technology Officer Jeyapaul Jaganathan received equity awards. On 2026-08-19, he was granted 125,000 employee stock options with an exercise price of $3.58, fully vested. On 2026-05-15, he was granted 25,000 options at $7.22 and 75,000 restricted share units (RSUs), each RSU representing one Subordinate Voting Share. The 75,000 RSUs are scheduled to vest in three equal installments on May 15, 2027, May 15, 2028, and May 15, 2029.

Positive

  • None.

Negative

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Insider Jeyapaul Jaganathan
Role Chief Technology Officer
Type Security Shares Price Value
Grant/Award Employee stock option (right to buy) F2 125,000 $0.00 $0.00
Grant/Award Employee stock option (right to buy) F2 25,000 $0.00 $0.00
Grant/Award Restricted Stock Units F3, F5 75,000 $0.00 $0.00
holding Employee stock option (right to buy) F1, F2 -- -- --
holding Restricted Stock Units F3, F1, F4 -- -- --
Holdings After Transaction: Employee stock option (right to buy) — 150,000 shares (Direct); Restricted Stock Units — 75,000 shares (Direct)
Footnotes (5)
  1. F1. No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
  2. F2. The options are fully vested.
  3. F3. Represents restricted share units issued pursuant to Digi Power X Inc.'s Restricted Share Unit Plan. Each restricted share unit represents a contingent right to receive one subordinate voting share of the issuer as of the vesting date.
  4. F4. The restricted share units are scheduled to vest as follows: one-third (1/3) will vest on March 23, 2027 and the remaining two-thirds (2/3) will vest quarterly over the two years following March 23, 2027.
  5. F5. The restricted share units are scheduled to vest in three equal installments on May 15, 2027, May 15, 2028, and May 15, 2029.
Options granted (2026-08-19) 125,000 options Employee stock options granted to CTO with $3.58 exercise price
Exercise price (2026-08-19 options) $3.58 per share Exercise price of employee stock options granted on 2026-08-19
Options granted (2026-05-15) 25,000 options Employee stock options granted to CTO with $7.22 exercise price
Exercise price (2026-05-15 options) $7.22 per share Exercise price of employee stock options granted on 2026-05-15
RSUs granted (2026-05-15) 75,000 RSUs Restricted share units granted to CTO, each for one Subordinate Voting Share
RSU vesting dates May 15, 2027; May 15, 2028; May 15, 2029 Three equal installments for 75,000 RSUs
Option expiration (2026-08-19 grant) August 19, 2031 Expiration date of 125,000 employee stock options
Option expiration (2026-05-15 grant) May 15, 2031 Expiration date of 25,000 employee stock options
Employee stock option (right to buy) financial
"Security title is listed as Employee stock option (right to buy)"
Restricted share units financial
"Represents restricted share units issued pursuant to Digi Power X Inc.'s Restricted Share Unit Plan"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
Subordinate Voting Shares financial
"Each restricted share unit represents a contingent right to receive one subordinate voting share"
Subordinate voting shares are a type of company stock that typically carry fewer voting rights than regular shares, meaning holders have less influence over company decisions. They are often used to raise capital while allowing founders or main shareholders to retain control. For investors, understanding the difference helps assess their level of influence in company decisions and the potential risks or benefits of holding different types of shares.
Restricted Share Unit Plan financial
"Restricted share units issued pursuant to Digi Power X Inc.'s Restricted Share Unit Plan"
A restricted share unit plan is a company program that promises employees or executives actual company shares or cash tied to the company’s stock, delivered later once conditions like continued employment or performance targets are met. Think of it as a delayed paycheck paid in stock that becomes fully owned only after certain milestones. Investors care because these awards can change the number of shares outstanding, affect reported costs, and align employee actions with shareholder value.

FAQ

What equity awards did Digi Power X (DGXX) grant to CTO Jeyapaul Jaganathan on August 19, 2026?

On August 19, 2026, Digi Power X granted 125,000 employee stock options to CTO Jeyapaul Jaganathan, with an exercise price of $3.58 per Subordinate Voting Share. The filing notes these options are fully vested as of that date.

What options did Digi Power X (DGXX) grant to the CTO on May 15, 2026?

On May 15, 2026, Digi Power X granted the CTO 25,000 employee stock options with an exercise price of $7.22 per Subordinate Voting Share. These are reported as a grant/award acquisition of derivative securities.

How many restricted stock units did the Digi Power X (DGXX) CTO receive and when do they vest?

The CTO received 75,000 restricted share units on May 15, 2026. These RSUs vest in three equal installments on May 15, 2027, May 15, 2028, and May 15, 2029, with each RSU convertible into one Subordinate Voting Share at vesting.

What type of shares underlie the Digi Power X (DGXX) options and RSUs reported in this Form 4?

Both the employee stock options and restricted share units reported for the CTO relate to Subordinate Voting Shares of Digi Power X Inc. Each option or RSU ultimately ties to one Subordinate Voting Share, subject to exercise or vesting conditions.

Are the Digi Power X (DGXX) CTO’s newly granted options vested?

The Form 4 footnote states that the options are fully vested. This applies to the option awards referenced with that footnote, including the 125,000 options at an exercise price of $3.58 and the 25,000 options at $7.22.

What are the expiration dates of the Digi Power X (DGXX) CTO’s reported stock options?

The 125,000 options granted on August 19, 2026 have an expiration date of August 19, 2031. The 25,000 options granted on May 15, 2026 have an expiration date of May 15, 2031, as reported in the Form 4.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Jeyapaul Jaganathan

(Last)(First)(Middle)
218 NW 24TH STREET, 2ND FLOOR

(Street)
MIAMI FLORIDA 33127

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Digi Power X Inc. [ DGXX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Technology Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee stock option (right to buy)$2.3903/23/202603/23/2031Subordinate Voting Shares(1)50,000(2)D
Employee stock option (right to buy)$7.2205/15/2026A25,00005/15/202605/15/2031Subordinate Voting Shares25,000$025,000(2)D
Employee stock option (right to buy)$3.5808/19/2026A125,00008/19/202608/19/2031Subordinate Voting Shares125,000$0125,000(2)D
Restricted Stock Units$0 (3) (3)Subordinate Voting Shares(1)50,000(4)D
Restricted Stock Units$005/15/2026A75,000 (3) (3)Subordinate Voting Shares75,000$075,000(5)D
Explanation of Responses:
1. No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
2. The options are fully vested.
3. Represents restricted share units issued pursuant to Digi Power X Inc.'s Restricted Share Unit Plan. Each restricted share unit represents a contingent right to receive one subordinate voting share of the issuer as of the vesting date.
4. The restricted share units are scheduled to vest as follows: one-third (1/3) will vest on March 23, 2027 and the remaining two-thirds (2/3) will vest quarterly over the two years following March 23, 2027.
5. The restricted share units are scheduled to vest in three equal installments on May 15, 2027, May 15, 2028, and May 15, 2029.
/s/ Jaganathan Jeyapaul08/21/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)