Galaxy Digital SEC Filings

Galaxy Helios I entered a $1,400,000,000 senior secured term loan facility that matures on August 15, 2028. Borrowings carry interest based on one‑month Term SOFR with a 250 basis‑point floor plus a 4.75% margin, and the facility includes customary upfront, undrawn and termination fees and a prepayment premium. The loan is secured by all assets of Galaxy Helios I and its equity interests and is not secured by Galaxy Digital’s assets. Galaxy Digital Holdings LP provided customary completion and limited recourse carve‑out guarantees. The agreement imposes customary restrictions on activities, contains events of default, and requires a minimum debt service coverage ratio of 1.40 after Stabilization and a maximum loan‑to‑cost ratio of 80% until Stabilization. The summary above is based solely on the disclosed Credit Agreement terms.

Galaxy Digital announced that Matt Friedrich, age 59, will join as Chief Legal Officer effective September 8, 2025. Mr. Friedrich previously served as General Counsel of Cognizant Technology Solutions from May 2017 to January 2021, as Chief Legal Officer of UnitedHealth Group from January 2021 to March 2021, and worked as a legal consultant to Lynch Regenerative Medicine, LLC and TechCatalyst LLC from November 2024 through August 2025.

The company also disclosed that current General Counsel Andrew Siegel will leave the firm on or about September 12, 2025 to assume a public policy role; the terms of his separation will be disclosed when finalized. A company press release is attached as Exhibit 99.1.

The filing notifies a proposed sale of 187,000 Class A common shares through Goldman Sachs & Co. LLC with an aggregate market value of $5,325,760, showing an approximate sale date of 08/11/2025. The shares were acquired on 08/01/2025 upon an option exercise from Galaxy Digital Inc. The document also lists three sales in the prior three months by Damien Vanderwilt totaling 463,000 shares for gross proceeds of $1,016,500. The filing provides transaction dates, quantities, and proceeds but does not state the seller name explicitly for the proposed 187,000-share sale in the top section.

Galaxy Digital director Richard Tavoso reported a deferred share unit (DSU) award of 5,419 granted on 08/06/2025 that is scheduled to vest on June 15, 2026 and is subject to continued service; each DSU represents the right to receive one Class A share. The filing states 62,886 Class A shares are to be delivered in settlement of DSU awards. On 08/07/2025 he made a bona-fide charitable gift of 25,000 Class A shares to a donor-advised fund. On 08/08/2025 he sold 50,000 Class A shares for a weighted average price of $28.28 per share (sales ranged $28.20–$28.32). The filing also shows 400,000 shares held indirectly by SixTav Ventures, LLC and other reported beneficial ownership figures of 187,886 and 162,886 shares.

The Form 4 reports that Galaxy Digital director Richard Tavoso transferred Class A common stock between his personal holdings and a family entity. On 05/16/2025 he contributed 500,000 shares to SixTav Ventures, LLC, which the filing states is wholly owned by the reporting person and his spouse, and on 05/21/2025 he contributed 50,000 shares back into his direct ownership. The filing shows direct beneficial ownership of 182,467 shares following the reported transactions and indirect ownership of 450,000 shares held by SixTav Ventures, LLC. These entries are internal reallocations between affiliated accounts rather than open-market sales and therefore do not change the household's aggregate economic interest in the issuer.

Form 144 filed for Galaxy Digital Inc. (GLXY) reports a proposed sale of 50,000 Class A Common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $1,414,200.00. The sale is listed with an approximate transaction date of 08/08/2025 and the shares are to be sold on NASDAQ.

The filing shows the shares were acquired in an open market purchase on 12/14/2018 for which payment was cash. The registrant reports 172,401,243 shares outstanding and states there were no securities sold during the past three months for the account identified in this notice.

Erin Elizabeth Brown, Chief Operating Officer of Galaxy Digital (GLXY), reported multiple transactions dated 08/06/2025. The filing shows a grant of 350,000 stock options with a conversion/exercise price of $4.83; the options vest over three years from March 1, 2023 with one-third vesting on each anniversary and an exercisable date noted as 03/29/2028 in the filing.

On the same date she sold two blocks of Class A common stock totaling 350,000 shares—175,000 shares at $26.81 and 175,000 shares at $27.16—reducing her reported direct beneficial ownership to 198,088 shares. The filing also reports 450,000 derivative securities beneficially owned following the transactions.

Galaxy Digital director Michael Daffey received a deferred equity award of 5,419 deferred share units (DSUs) that are scheduled to vest on June 15, 2026 and are subject to continued service through the vesting date. Each DSU represents the right to receive one share of the Company’s Class A common stock. After the reported acquisition, the filing shows Mr. Daffey’s beneficial ownership of Class A common stock as 1,505,419 shares (direct). The Form 4 discloses no derivative transactions and indicates this report was filed by a single reporting person.

Galaxy Digital Inc. director Bill Koutsouras was granted a deferred share unit (DSU) award on 08/06/2025 for 5,419 DSUs. The award is recorded as an acquisition (Transaction Code A) and each DSU represents the right to receive one share of the company’s Class A common stock. The DSUs are scheduled to vest on 06/15/2026 and are subject to continued service through the vesting date.

The Form 4 shows total beneficial ownership following the reported transaction of 162,886 Class A shares and states that 62,886 shares are to be delivered in settlement of DSU awards. The reporting person is identified as a director and the filing was submitted as a Form 4 for GLXY.