Digi Power X (DGXX) president awarded 133,333 subordinate voting shares

Rhea-AI Filing Summary

Digi Power X Inc. president and director Alec Amar acquired 133,333 subordinate voting shares on February 9, 2026 through the settlement of restricted stock units at $0 per share. After this derivative conversion, he directly owns 1,396,449 subordinate voting shares and indirectly reports 45,000 shares held by Matbrands LLC.

Amar also reports fully vested employee stock options for 365,000 shares at an exercise price of $1.54 and 300,000 shares at $3.62, and continuing restricted stock unit awards scheduled to vest between 2026 and 2027.

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).

X

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^*

Amar Alec

(Last) (First) (Middle)

218 NW 24TH STREET

(Street)

MIAMI FL 33127

(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)

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

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		133,333	A	(1)	1,396,449	D
Subordinate Voting Shares								45,000	I	By Matbrands LLC

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)	$1.54(2)							06/06/2025	06/06/2030	Subordinate Voting Shares	(3)		365,000(4)	D
Employee stock option (right to buy)	$3.62(5)							11/19/2025	11/19/2030	Subordinate Voting Shares	(3)		300,000(4)	D
Restricted Stock Units	$0	02/09/2026		M			133,333	(6)	(6)	Subordinate Voting Shares	133,333	$0	133,334(7)	D
Restricted Stock Units	$0							(8)	(8)	Subordinate Voting Shares	(3)		216,667(7)	D
Restricted Stock Units	$0							(9)	(9)	Subordinate Voting Shares	(3)		300,000(7)	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 $2.09 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 $4.90 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.

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

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

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

9. The restricted stock units are scheduled to vest in three equal annual installments beginning on November 19, 2026.

	/s/ Alec Amar	02/11/2026
	** Signature of Reporting Person	Date
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.
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FAQ

What did Alec Amar report in Digi Power X (DGXX) Form 4?

Alec Amar reported acquiring 133,333 subordinate voting shares of Digi Power X Inc. on February 9, 2026. The shares came from vested restricted stock units that settled into stock at $0 per share, increasing his reported ownership stake.

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

After the reported transaction, Alec Amar directly holds 1,396,449 subordinate voting shares of Digi Power X Inc. He also reports an additional 45,000 shares held indirectly by Matbrands LLC, reflecting combined direct and indirect equity exposure.

How did Alec Amar acquire the 133,333 Digi Power X (DGXX) shares?

He received 133,333 subordinate voting shares through the settlement of restricted stock units on February 9, 2026. Each restricted stock unit converted into one share, and the transaction price per share was reported as $0, reflecting equity compensation rather than an open-market purchase.

What stock options in Digi Power X (DGXX) does Alec Amar hold?

Alec Amar reports fully vested employee stock options for 365,000 shares at an exercise price of $1.54 and 300,000 shares at $3.62. These options, when exercised, would allow him to buy additional subordinate voting shares at the stated prices.

What restricted stock units in Digi Power X (DGXX) remain for Alec Amar?

He reports remaining restricted stock units that are scheduled to vest on February 9, 2027, and other awards that vest in annual installments beginning in December 2026 and November 2026. These units each convert into one subordinate voting share upon vesting.

How are indirect Digi Power X (DGXX) holdings reported for Alec Amar?

In addition to direct holdings, the Form 4 reports 45,000 subordinate voting shares held indirectly by Matbrands LLC. This indicates a separate entity associated with Amar holds these shares, and they are disclosed as indirect beneficial ownership.