Galaxy Digital SEC Filings

Galaxy Digital Inc. (GLXY) filed an 8-K/A to furnish the complete Credit Agreement executed on August 15, 2025. The agreement is among Galaxy Helios I (borrower), Deutsche Bank AG, New York Branch (initial lender), and GLAS USA LLC (administrative and collateral agent), with other lenders party from time to time.

The amendment provides the full text of the Credit Agreement as Exhibit 10.1, as required by Item 601(b)(10) of Regulation S‑K. Certain information has been omitted because it is not material and is treated as private or confidential, and the company undertakes to provide unredacted copies to the SEC upon request.

Galaxy Digital (GLXY) insider transaction: On 10/10/2025, CEO, Director, and 10% owner Michael Novogratz reported a conversion of 2,477,055 shares of Class B common stock into Class A, followed by sales at $36 per share. The sales comprised 2,477,055 shares held by Galaxy Group Investments LLC and 522,945 shares held by Novofam Macro LLC, conducted in connection with a private placement pursuant to an investment agreement dated October 10, 2025.

After these transactions, reported beneficial holdings include 348,921 shares of Class A common stock, which includes 302,609 shares to be delivered upon RSU settlement, and 409,271 stock options with a $11.77 exercise price expiring on March 31, 2030.

Galaxy Digital (GLXY) President and CIO Christopher Ferraro reported a Form 4 transaction. On 10/10/2025, he sold 750,000 shares of Class A common stock at $36 per share in connection with a private placement pursuant to an investment agreement dated October 10, 2025, where he was a selling shareholder. Following the sale, he beneficially owns 687,921 Class A shares directly, which includes 270,035 shares to be delivered upon settlement of RSU awards with scheduled vesting through March 2027, subject to continued service.

He also reports derivative holdings: stock options for 1,000,000 shares at $4.83 (expiring 03/29/2028), 81,319 at $9.63 (03/27/2029), and 409,271 at $11.77 (03/31/2030). In addition, he holds Class B common stock corresponding to 3,411,001 shares exchangeable on a one‑for‑one basis into Class A.

Galaxy Digital Inc. (GLXY) reported an insider transaction by a 10% owner on 10/10/2025. The reporting person converted 2,477,055 shares of Class B common stock into Class A (code C) and then sold 2,477,055 Class A shares at $36 per share (code S). The sale was in connection with a private placement pursuant to an investment agreement dated October 10, 2025, in which the holder was a selling shareholder.

Following the transactions, the reporting person held 0 Class A shares directly and reported 192,115,103 derivative securities (Class B common stock).

Galaxy Digital Inc. announced a private strategic investment totaling $460 million at $36 per share. The deal comprises 9,027,778 newly issued Class A shares sold by the company and 3,750,000 shares sold by certain selling stockholders to the same institutional investor group. The company noted that no underwriting discounts or commissions apply to this sale.

In connection with the financing, Galaxy entered into a Registration Rights Agreement to register for resale 12,777,778 “Investment Shares.” The company must file a Shelf Registration Statement on Form S-1 or S-3 within 30 days of closing and use commercially reasonable efforts to obtain effectiveness as soon as practicable, including within five business days after a no‑review notice from the SEC or within 75 days if reviewed with comments. The registration will remain effective until the registered securities are sold or no holder beneficially owns them. The company also furnished a press release announcing the investment.

Galaxy Digital director Rhonda Adams-Medina reported a sale of Class A common stock on 09/12/2025. The filing shows 33,333 shares were sold in multiple transactions at a weighted average price of $29.83 per share, leaving beneficial ownership of 112,053 shares. The remaining position includes 62,886 shares to be delivered in settlement of deferred stock unit (DSU) awards that vest with continued service. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/15/2025 and lists the reporting person as a director of Galaxy Digital (GLXY).

Galaxy Digital Chief Legal Officer Matthew W. Friedrich received equity awards on 09/08/2025 consisting of 240,000 restricted stock units (RSUs) and three stock option grants of 100,000 shares each (total 300,000 options). Each RSU represents one share of Class A common stock and the 240,000 RSUs are scheduled to vest in four equal annual installments beginning on the first anniversary of the grant, subject to continued service. Each option award vests over four years with 25% vesting on each of the first four anniversaries of 09/08/2025 and expires on 09/08/2030. The option exercise prices are stated as 28.49, 33.49 and 23.49 respectively. The filing reports these holdings as direct beneficial ownership following the transactions.