Digi Power X (DGXX) CFO converts 8,333 RSUs into subordinate voting shares

Rhea-AI Filing Summary

Digi Power X Inc. Chief Financial Officer Paul Anthony Ciullo reported the vesting and settlement of 8,333 restricted stock units on February 9, 2026. Each unit converted into one subordinate voting share at a reported price of $0 per share through a derivative exercise.

Following this transaction, Ciullo directly beneficially owns 101,578 subordinate voting shares. The filing also notes remaining restricted stock units and stock options, some of which are fully vested and others scheduled to vest on specified future dates.

SEC Form 4

FORM 4

UNITED 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

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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^*

Ciullo Paul Anthony

(Last) (First) (Middle)

28 BERGEN PLACE

(Street)

NISKAYUNA NY 12309

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Digi Power X Inc. [ DGXX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Subordinate Voting Shares	02/09/2026		M		8,333	A	(1)	101,578	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee stock option (right to buy)	$5.52(2)							09/25/2021	03/25/2026	Subordinate Voting Shares	(3)		16,333(4)	D
Employee stock option (right to buy)	$5.52(2)							11/17/2021	05/17/2026	Subordinate Voting Shares	(3)		8,333(4)	D
Employee stock option (right to buy)	$3.1(5)							12/22/2021	06/22/2026	Subordinate Voting Shares	(3)		3,333(4)	D
Employee stock option (right to buy)	$3.62(6)							11/19/2025	11/19/2030	Subordinate Voting Shares	(3)		15,000(4)	D
Restricted Stock Units	$0	02/09/2026		M			8,333	(7)	(7)	Subordinate Voting Shares	8,333	$0	8,334(8)	D
Restricted Stock Units	$0							(9)	(9)	Subordinate Voting Shares	(3)		20,000(8)	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one subordinate voting share ("SV Share") of the Company as of the vesting date. Accordingly, these restricted stock units were settled in SV Shares.

2. Represents an exercise price of $7.47 Canadian dollars, converted to U.S. dollars at the daily average exchange rate of $1.00 to CAD$1.3544 reported by the Bank of Canada on February 10, 2026.

3. No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.

4. The options are fully vested.

5. Represents an exercise price of $4.20 Canadian dollars, converted to U.S. dollars at the daily average exchange rate of $1.00 to CAD$1.3544 reported by the Bank of Canada on February 10, 2026.

6. Represents an exercise price of $4.90 Canadian dollars, converted to U.S. dollars at the daily average exchange rate of $1.00 to CAD$1.3544 reported by the Bank of Canada on February 10, 2026.

7. The remaining restricted stock units are scheduled to vest on February 9, 2027.

8. Represents restricted share units issued pursuant to Digi Power X Inc.'s Restricted Share Unit Plan.

9. The restricted stock units are scheduled to vest in two equal annual installments beginning on December 1, 2026.

	/s/ Paul Ciullo	02/11/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Digi Power X (DGXX) report for its CFO?

Digi Power X reported that CFO Paul Anthony Ciullo settled 8,333 restricted stock units into subordinate voting shares. The transaction occurred on February 9, 2026, via a derivative exercise at a stated price of $0 per share, reflecting equity-based compensation rather than an open-market purchase.

How many Digi Power X (DGXX) shares does the CFO own after this Form 4?

After the reported transaction, CFO Paul Anthony Ciullo beneficially owns 101,578 subordinate voting shares directly. This reflects the addition of 8,333 shares issued upon settlement of restricted stock units, as disclosed in the Form 4, and shows his updated direct equity stake in the company.

What type of securities were involved in the Digi Power X (DGXX) Form 4 filing?

The filing involves restricted stock units and subordinate voting shares of Digi Power X Inc. Restricted stock units converted into 8,333 subordinate voting shares at a $0 price per share, and the report also lists employee stock options and additional restricted stock unit holdings with specified vesting schedules.

Was the Digi Power X (DGXX) CFO’s Form 4 transaction a market purchase or sale?

The transaction was reported as an exercise or conversion of derivative securities, not a market trade. Restricted stock units vested and were settled into 8,333 subordinate voting shares at a stated price of $0, consistent with equity compensation rather than open-market buying or selling activity.

What future vesting is disclosed for Digi Power X (DGXX) restricted stock units?

Some remaining restricted stock units are scheduled to vest on February 9, 2027, according to the notes. Another grant of restricted stock units is scheduled to vest in two equal annual installments beginning on December 1, 2026, providing a structured timetable for additional share delivery to the CFO.