Digi Power X president sells 27,500 shares
Digi Power X Inc. president and director Amar Alec reported an open-market sale of 27,500 Subordinate Voting Shares on May 1, 2026 at a weighted average price of $3.56 per share, with individual trade prices ranging from $3.37 to $3.75.
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Form Type
4
Rhea-AI Filing Summary
Digi Power X Inc. president and director Amar Alec reported an open-market sale of 27,500 Subordinate Voting Shares on May 1, 2026 at a weighted average price of $3.56 per share, with individual trade prices ranging from $3.37 to $3.75.
Following the sale, Alec holds 1,368,949 Subordinate Voting Shares directly and 45,000 Subordinate Voting Shares indirectly through Matbrands LLC. The filing also lists fully vested employee stock options with exercise prices of $3.60 and $1.54 per share, both expiring in 2030, and restricted share units that vest between 2026 and 2027.
Insider Trade Summary 10b5-1
Net Seller: 27,500 shares
Net Sell
7 txns
Insider
Amar Alec
Role
President
Sold
27,500 shs ($98K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Subordinate Voting Shares | 27,500 | $3.56 | $98K |
| holding | Employee stock option (right to buy) | -- | -- | -- |
| holding | Employee stock option (right to buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Subordinate Voting Shares | -- | -- | -- |
Holdings After Transaction:
Subordinate Voting Shares — 1,368,949 shares (Direct);
Employee stock option (right to buy) — 0 contracts (Direct);
Restricted Stock Units — 0 contracts (Direct);
Subordinate Voting Shares — 45,000 shares (Indirect, By Matbrands LLC)
Footnotes (9)
- F1. This transaction was executed in multiple trades at prices ranging from $3.37 to $3.75. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2. 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$1.3611 reported by the Bank of Canada on May 4, 2026.
- F3. No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
- F4. The options are fully vested.
- F5. 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$1.3611 reported by the Bank of Canada on May 4, 2026.
- F6. The remaining restricted share units are scheduled to vest on February 9, 2027.
- F7. 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.
- F8. The restricted share units are scheduled to vest in two equal annual installments beginning on December 1, 2026.
- F9. The restricted share units are scheduled to vest in three equal annual installments beginning on November 19, 2026.
Key Figures
Shares sold: 27,500 shares
Weighted average sale price: $3.56 per share
Direct holdings after sale: 1,368,949 shares
+3 more
6 metrics
Shares sold
27,500 shares
Subordinate Voting Shares sold on May 1, 2026
Weighted average sale price
$3.56 per share
Open-market sale with trades from $3.37 to $3.75
Direct holdings after sale
1,368,949 shares
Subordinate Voting Shares held directly after transaction
Indirect holdings
45,000 shares
Subordinate Voting Shares held via Matbrands LLC
Option exercise price
$3.60 per share
Employee stock option on Subordinate Voting Shares, expiring November 19, 2030
Option exercise price
$1.54 per share
Employee stock option on Subordinate Voting Shares, expiring June 6, 2030
Key Terms
Subordinate Voting Shares, Restricted Stock Units, Employee stock option (right to buy), weighted average sale price, +2 more
6 terms
Restricted Stock Units financial
"security_title": "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Employee stock option (right to buy) financial
"security_title": "Employee stock option (right to buy)""
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
vest financial
"restricted share units are scheduled to vest in three equal annual installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Digi Power X (DGXX) report for Amar Alec?
Digi Power X president Amar Alec reported selling 27,500 Subordinate Voting Shares in an open-market transaction. The weighted average sale price was $3.56 per share, with individual trades executed between $3.37 and $3.75.
What stock options does Amar Alec retain in Digi Power X (DGXX)?
The filing lists fully vested employee stock options with exercise prices of $3.60 and $1.54 per share. These options relate to Subordinate Voting Shares and carry expiration dates in 2030, providing potential future share acquisition rights.
What restricted stock units are disclosed for Amar Alec at Digi Power X (DGXX)?
Restricted share units issued under Digi Power X’s Restricted Share Unit Plan are disclosed. Footnotes state they convert into Subordinate Voting Shares upon vesting, with remaining units scheduled to vest between December 1, 2026 and February 9, 2027.
Was this Digi Power X (DGXX) Form 4 mainly a sale or a holding update?
The Form 4 includes both a sale and holding updates. One transaction reports the open-market sale of 27,500 Subordinate Voting Shares, while several additional lines simply update existing holdings of options and restricted share units without new transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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