STOCK TITAN

Digi Power X (DGXX) president trims stake with 25,700-share sale

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

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 Amar Alec
Role President
Sold 25,700 shs ($58K)
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 -- -- --
Holdings After Transaction: Subordinate Voting Shares — 1,341,449 shares (Direct); Employee stock option (right to buy) — 0 shares (Direct); Restricted Stock Units — 0 shares (Direct); Subordinate Voting Shares — 45,000 shares (Indirect, By Matbrands LLC)
Footnotes (1)
  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.
Shares sold 25,700 shares Subordinate Voting Shares sold in open-market transaction on April 8, 2026
Weighted average sale price $2.26 per share Open-market sale with trades between $2.25 and $2.33
Direct holdings after sale 1,341,449 shares Subordinate Voting Shares directly owned by Amar Alec after transaction
Indirect holdings 45,000 shares Subordinate Voting Shares held indirectly by Matbrands LLC
Option exercise price $1.51 per share Employee stock option (right to buy) on Subordinate Voting Shares, fully vested
Option exercise price $3.54 per share Employee stock option (right to buy) on Subordinate Voting Shares, fully vested
RSU vesting date February 9, 2027 Remaining restricted share units scheduled to vest on this date
Subordinate Voting Shares financial
"security_title: "Subordinate Voting Shares" and as underlying security"
Subordinate voting shares are a type of company stock that typically carry fewer voting rights than regular shares, meaning holders have less influence over company decisions. They are often used to raise capital while allowing founders or main shareholders to retain control. For investors, understanding the difference helps assess their level of influence in company decisions and the potential risks or benefits of holding different types of shares.
Employee stock option (right to buy) financial
"security_title: "Employee stock option (right to buy)" with exercise prices and expiration dates"
Restricted Stock Units financial
"security_title: "Restricted Stock Units" with vesting schedules and underlying Subordinate Voting Shares"
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.
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
Restricted Share Unit Plan financial
"Represents restricted share units issued pursuant to Digi Power X Inc.'s Restricted Share Unit Plan."
A restricted share unit plan is a company program that promises employees or executives actual company shares or cash tied to the company’s stock, delivered later once conditions like continued employment or performance targets are met. Think of it as a delayed paycheck paid in stock that becomes fully owned only after certain milestones. Investors care because these awards can change the number of shares outstanding, affect reported costs, and align employee actions with shareholder value.
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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 FLORIDA 33127

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Digi Power X Inc. [ DGXX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Subordinate Voting Shares04/08/2026S25,700D$2.26(1)1,341,449D
Subordinate Voting Shares45,000IBy 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee stock option (right to buy)$1.51(2)06/06/202506/06/2030Subordinate Voting Shares(3)365,000(4)D
Employee stock option (right to buy)$3.54(5)11/19/202511/19/2030Subordinate Voting Shares(3)300,000(4)D
Restricted Stock Units$0 (6) (6)Subordinate Voting Shares(3)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. 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.
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$1.3851 reported by the Bank of Canada on April 8, 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$1.3851 reported by the Bank of Canada on April 8, 2026.
6. The remaining restricted share 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. Each restricted share unit represents a contingent right to receive one subordinate voting share of the issuer as of the vesting date.
8. The restricted share units are scheduled to vest in two equal annual installments beginning on December 1, 2026.
9. The restricted share units are scheduled to vest in three equal annual installments beginning on November 19, 2026.
/s/ Alec Amar04/09/2026
** Signature of Reporting PersonDate
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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

How many Digi Power X (DGXX) shares did Amar Alec sell in this Form 4?

Amar Alec sold 25,700 Subordinate Voting Shares of Digi Power X Inc. in an open-market transaction. The sale was executed in multiple trades, with prices ranging from $2.25 to $2.33, and a reported weighted average sale price of $2.26 per share.

What price did Amar Alec receive for his DGXX subordinate voting share sale?

The reported weighted average sale price was $2.26 per share. According to the filing, the transaction was executed in multiple trades within a price range of $2.25 to $2.33, and the weighted average reflects all those individual trade prices combined.

How many Digi Power X (DGXX) shares does Amar Alec hold after the sale?

Following the reported transaction, Amar Alec directly holds 1,341,449 Subordinate Voting Shares of Digi Power X Inc. The filing also shows an additional 45,000 Subordinate Voting Shares held indirectly through Matbrands LLC, providing further exposure to the company.

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.