[Form 4] Digi Power X Inc. Insider Trading Activity
Rhea-AI Filing Summary
Digi Power X Inc. reported an insider equity award conversion by its CEO. On February 9, 2026, Chief Executive Officer, director, and 10% owner Michel Amar exercised 166,666 restricted stock units, receiving 166,666 subordinate voting shares at a price of $0 per share through a derivative conversion.
Following this transaction, Amar directly owns 1,679,885 subordinate voting shares. He also has indirect ownership of additional subordinate voting shares through entities including Bit Mining International LLC, Bit.Management, LLC and NYAM, LLC. Footnotes indicate these awards stem from the company’s restricted share unit plan, with remaining units scheduled to vest on dates beginning November 19, 2026 and February 9, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 166,666 shares
Net Buy
10 txns
Insider
Amar Michel
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 166,666 | $0.00 | $0.00 |
| Exercise | Subordinate Voting Shares | 166,666 | $0.00 | $0.00 |
| holding | Proportionate Voting Shares | -- | -- | -- |
| holding | Employee stock option (right to buy) | -- | -- | -- |
| holding | Employee stock option (right to buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Subordinate Voting Shares | -- | -- | -- |
| holding | Subordinate Voting Shares | -- | -- | -- |
| holding | Subordinate Voting Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 166,667 shares (Direct);
Subordinate Voting Shares — 1,679,885 shares (Direct);
Proportionate Voting Shares — 0 shares (Indirect, By NYAM, LLC);
Employee stock option (right to buy) — 0 shares (Direct);
Subordinate Voting Shares — 626,544 shares (Indirect, By Bit Mining International LLC);
Subordinate Voting Shares — 2,165,889 shares (Indirect, By Bit.Management, LLC);
Subordinate Voting Shares — 1,493,162 shares (Indirect, By NYAM, LLC)
Footnotes (10)
- F1. 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.
- F2. Proportionate Voting Shares ("PV Shares") may be converted into SV Shares at a ratio of 200 SV Shares for every 1 PV Share.
- F3. No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
- F4. 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.
- F5. The options are fully vested.
- F6. 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.
- F7. The remaining restricted stock units are scheduled to vest on February 9, 2027.
- F8. Represents restricted share units issued pursuant to Digi Power X Inc.'s Restricted Share Unit Plan.
- F9. The restricted stock units are scheduled to vest in two equal annual installments beginning on December 1, 2026.
- F10. The restricted stock units are scheduled to vest in three equal annual installments beginning on November 19, 2026.
FAQ
What insider transaction did Digi Power X (DGXX) report for Michel Amar?
Digi Power X reported that CEO, director, and 10% owner Michel Amar converted 166,666 restricted stock units into 166,666 subordinate voting shares on February 9, 2026. The transaction was coded as a derivative exercise at a price of $0 per share, indicating no cash outlay.
What do the Digi Power X (DGXX) restricted stock units represent in this filing?
Each restricted stock unit represents a contingent right to receive one subordinate voting share of Digi Power X upon vesting. In this filing, 166,666 restricted stock units vested and were settled in the same number of subordinate voting shares, consistent with the company’s restricted share unit plan terms.
Are there additional Digi Power X (DGXX) equity awards scheduled to vest for Michel Amar?
Yes. Footnotes state that remaining restricted stock units for Michel Amar are scheduled to vest on February 9, 2027 and in two or three equal annual installments beginning on December 1, 2026 and November 19, 2026, respectively, subject to the company’s restricted share unit plan.
Did the Digi Power X (DGXX) Form 4 report any option exercises besides RSU settlement?
The filing lists employee stock options with exercise prices of $1.54 and $3.62 per share, converted from Canadian dollar prices, and notes that these options are fully vested. However, those lines are presented as existing holdings only, with no new option exercise transaction reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
