GLXY Form 144: 300,000 Sold, 50,000 Planned After Option Exercise
Rhea-AI Filing Summary
Form 144 filed for Galaxy Digital Inc. (GLXY) reports an intended sale of 50,000 Class A common shares through Goldman Sachs & Co. LLC with an aggregate market value of $1,444,500 and an approximate sale date of 08/04/2025. The shares were acquired on 08/01/2025 upon an option exercise from GALAXY DIGITAL INC., with payment recorded on 08/01/2025.
The filing also discloses a prior sale by Damien Vanderwilt of 300,000 Class A common shares on 07/30/2025 for gross proceeds of $684,000. The issuer's total outstanding common shares are listed as 381,030,000. The filer certifies there is no undisclosed material adverse information in their possession.
Positive
- None.
Negative
- Large recent insider sale disclosed: Damien Vanderwilt sold 300,000 Class A common shares on 07/30/2025 for $684,000 (gross proceeds).
- Additional proposed sale: The filing notifies an intended sale of 50,000 Class A common shares acquired via option exercise on 08/01/2025 with an aggregate market value of $1,444,500 and an approximate sale date of 08/04/2025.
Insights
TL;DR: Insider dispositions disclosed — 300,000 shares already sold and 50,000 more planned after an option exercise.
The filing documents an immediate disposition following an option exercise: 50,000 Class A shares acquired 08/01/2025 and slated for sale with an aggregate market value of $1,444,500 on 08/04/2025. It also records a 07/30/2025 sale of 300,000 shares for $684,000 by Damien Vanderwilt. These are explicit, contemporaneous transactions; the filing contains no explanation of intent or trading plan. From a trade-data perspective, these entries are material disclosures of insider activity but the document does not provide information about broader corporate performance.
TL;DR: Required insider-sale disclosures were made; signature statement affirms no undisclosed material adverse information.
The form includes the standard certification that the person making the sale does not possess undisclosed material adverse information. It also lists the broker (Goldman Sachs & Co. LLC) and the securities' outstanding share count (381,030,000). The filing documents an option exercise as the acquisition source for the 50,000 shares. No governance issues, trading-plan dates, or additional contextual disclosures are present in the filing beyond these facts.