Digi Power X (DGXX) president trims stake with 25,700-share sale
Rhea-AI Filing Summary
Digi Power X Inc. President and director Amar Alec sold 25,700 Subordinate Voting Shares in an open-market transaction at a weighted average price of $2.26 per share. The trades were executed in multiple lots between $2.25 and $2.33.
After this sale, Alec directly owns 1,341,449 Subordinate Voting Shares. He also has indirect ownership of 45,000 Subordinate Voting Shares through Matbrands LLC. The filing also lists fully vested employee stock options and restricted stock units that are scheduled to vest on future dates.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Subordinate Voting Shares | 25,700 | $2.26 | $58K |
| 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 | -- | -- | -- |
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $2.25 to $2.33. 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. 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$1.3851 reported by the Bank of Canada on April 8, 2026. No transaction is being reported at this time. This line is only reporting holdings as of the date hereof. The options are fully vested. 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$1.3851 reported by the Bank of Canada on April 8, 2026. The remaining restricted share units are scheduled to vest on February 9, 2027. 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. The restricted share units are scheduled to vest in two equal annual installments beginning on December 1, 2026. The restricted share units are scheduled to vest in three equal annual installments beginning on November 19, 2026.
Key Figures
Key Terms
Employee stock option (right to buy) financial
Restricted Stock Units financial
weighted average sale price financial
FAQ
How are Amar Alec’s indirect DGXX holdings structured in this Form 4?
The Form 4 shows 45,000 Subordinate Voting Shares held indirectly by Matbrands LLC. These shares are reported as indirect ownership, reflecting that they are held through this separate entity rather than in Alec’s direct personal account.