GLXY names Matt Friedrich CLO; General Counsel Andrew Siegel to depart

Rhea-AI Filing Summary

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.

Positive

• Appointment of an experienced Chief Legal Officer with prior roles at Cognizant and UnitedHealth Group, suggesting strong legal leadership.
• Clear effective date for the new CLO (September 8, 2025) and a specified departure timeframe for the current GC, supporting transition planning.
• Press release attached as Exhibit 99.1, providing investors an official company statement to review.

Negative

• Departure of current General Counsel Andrew Siegel on or about September 12, 2025, creating a leadership change in the legal team.
• Separation terms not yet disclosed; the company says terms will be disclosed when finalized, leaving some near-term uncertainty about costs or arrangements.

Insights

Corporate Governance Expert

TL;DR: Experienced legal executive hired; current GC departing with separation terms pending.

Galaxy's appointment of Matt Friedrich brings a senior legal leader with prior in-house experience at large, regulated companies, which can strengthen the company's legal and compliance capabilities. The near-term overlap in effective dates provides continuity in the legal function. The outstanding disclosure of separation terms for the outgoing General Counsel creates some short-term information gap for investors, but the filing provides direct disclosure of transition timing and an attached press release for further context.

Securities Analyst

TL;DR: Routine leadership change; not expected to immediately affect financials or operations materially.

From an investor perspective, this 8-K documents a senior legal hire with relevant corporate experience and a planned exit of the existing General Counsel. There are no financial statements, earnings impacts, or material transactions disclosed in this filing. The disclosure of exhibit 99.1 (press release) and specific effective dates reduces ambiguity about timing, while the promise to disclose separation terms later leaves open a modest near-term information item to monitor.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 6, 2025

Galaxy Digital Inc.

(Exact name of registrant as specified in its charter)

Delaware			001-42655			87-0836313
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

300 Vesey Street New York, NY						10282
(Address of principal executive offices)						(Zip Code)

(212) 390-9216

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Class A Common Stock, $0.001 Par Value			GLXY			The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

In connection with Matt Friedrich’s appointment as Chief Legal Officer of Galaxy Digital Inc. (“Galaxy” or the “Company”) described in Item 8.01 below, Galaxy announced on August 11, 2025 that Andrew Siegel, its current General Counsel, will be leaving the Company on or about September 12, 2025 to assume a public policy role. The terms relating to Mr. Siegel’s separation from Galaxy will be disclosed when finalized.

Item 8.01 Other Events.

On August 11, 2025, Galaxy announced that it has approved the appointment of Matt Friedrich to serve as the Chief Legal Officer of the Company, effective September 8, 2025.

Mr. Friedrich, 59, served as General Counsel of Cognizant Technology Solutions from May 2017 to January 2021, and as Chief Legal Officer of UnitedHealth Group from January 2021 to March 2021. More recently he served as a legal consultant to Lynch Regenerative Medicine, LLC and TechCatalyst LLC from November 2024 through August 2025.

A copy of Galaxy’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits

Exhibit No.						Description
99.1						Press Release dated August 11, 2025, issued by Galaxy Digital Inc.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			GALAXY DIGITAL INC.
Date: August 11, 2025			By:			/s/ Anthony Paquette
						Anthony Paquette
						Chief Financial Officer

FAQ

What change did Galaxy Digital (GLXY) report in this 8-K?

Galaxy Digital reported the appointment of Matt Friedrich as Chief Legal Officer effective September 8, 2025, and that current General Counsel Andrew Siegel will leave on or about September 12, 2025.

What is Matt Friedrich's background as stated in the filing?

The filing says Mr. Friedrich, age 59, served as General Counsel of Cognizant 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 from November 2024 through August 2025.

Will the terms of Andrew Siegel's departure be disclosed?

Yes. The filing states that the terms relating to Mr. Siegel's separation will be disclosed when finalized.

Is there a press release or exhibit attached to the filing?

Yes. A copy of the company's press release dated August 11, 2025 is attached as Exhibit 99.1 and is incorporated by reference.

Does this filing include financial statements or earnings information?

No. The 8-K discloses personnel changes and exhibits; it does not include financial statements or earnings data.

What are the effective dates for the transition?

The new Chief Legal Officer is effective September 8, 2025, and the current General Counsel is expected to leave on or about September 12, 2025.