[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.

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^*

Amar Michel

(Last) (First) (Middle)

110 YONGE STREET, SUITE 1601

(Street)

TORONTO A6

(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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive 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		166,666	A	(1)	1,679,885	D
Subordinate Voting Shares								626,544	I	By Bit Mining International LLC
Subordinate Voting Shares								2,165,889	I	By Bit.Management, LLC
Subordinate Voting Shares								1,493,162	I	By NYAM, 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
Proportionate Voting Shares	(2)							(2)	(2)	Subordinate Voting Shares	(3)		666,600	I	By NYAM, LLC
Employee stock option (right to buy)	$1.54(4)							06/06/2025	06/06/2030	Subordinate Voting Shares	(3)		515,000(5)	D
Employee stock option (right to buy)	$3.62(6)							11/19/2025	11/19/2030	Subordinate Voting Shares	(3)		900,000(5)	D
Restricted Stock Units	$0	02/09/2026		M			166,666	(7)	(7)	Subordinate Voting Shares	166,666	$0	166,667(8)	D
Restricted Stock Units	$0							(9)	(9)	Subordinate Voting Shares	(3)		316,667(8)	D
Restricted Stock Units	$0							(10)	(10)	Subordinate Voting Shares	(3)		300,000(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. Proportionate Voting Shares ("PV Shares") may be converted into SV Shares at a ratio of 200 SV Shares for every 1 PV Share.

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

4. 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.

5. The options are fully vested.

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.

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

	/s/ Michel 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.
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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.

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

After the reported transaction, Michel Amar directly owns 1,679,885 subordinate voting shares of Digi Power X. He also holds additional subordinate voting shares indirectly through entities such as Bit Mining International LLC, Bit.Management, LLC and NYAM, LLC, as disclosed in the ownership tables.

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.

What is the relationship between Digi Power X (DGXX) proportionate voting shares and subordinate voting shares?

Proportionate Voting Shares of Digi Power X may be converted into subordinate voting shares at a fixed ratio of 200 subordinate voting shares for every one proportionate voting share. The filing notes this conversion feature as part of the capital structure description, not as a new transaction.

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.