[Form 4] Galaxy Digital Inc. Insider Trading Activity

Rhea-AI Filing Summary

Galaxy Digital director Rhonda Adams-Medina was granted a deferred share unit (DSU) award of 5,419 DSUs on 08/06/2025, scheduled to vest on 06/15/2026 and conditioned on continued service through the vesting date. Each DSU represents the right to receive one share of the company’s Class A common stock. The filing also states 62,886 shares of Class A common stock are included to be delivered in settlement of DSU awards. The Form 4 was filed by a single reporting person and lists no derivative securities.

Positive

• Director award recorded: 5,419 DSUs granted to Rhonda Adams-Medina
• Settlement disclosure: 62,886 Class A shares are identified to be delivered in settlement of DSU awards

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director equity grant: 5,419 DSUs awarded, vesting mid-2026; 62,886 shares disclosed for settlement.

The Form 4 documents a standard equity-based director award rather than a cash payment, which is a common governance practice to align long-term interests with shareholders. The award consists of 5,419 deferred share units that vest on 06/15/2026 subject to continued service, and the filing separately notes 62,886 Class A shares to be delivered in settlement of DSU awards. No derivative instruments are reported. This disclosure is procedural and consistent with director compensation plans disclosed by issuers.

Compensation Analyst

TL;DR: Director compensation issued as DSUs; vesting schedule and one-for-one share settlement specified.

The transaction is an equity grant: 5,419 DSUs granted on 08/06/2025, each representing the right to one Class A share. Vesting is tied to continued service through 06/15/2026, indicating time-based vesting only. The filing highlights 62,886 Class A shares to be delivered in settlement of DSU awards, implying a pool of awards pending settlement. There are no reported option grants or other derivatives in this Form 4.

SEC Form 4

FORM 4

UNITED 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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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^*

Adams Medina Rhonda

(Last) (First) (Middle)

C/O GALAXY DIGITAL INC.

300 VESEY STREET

(Street)

NEW YORK NY 10282

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Galaxy Digital Inc. [ GLXY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/06/2025		A		5,419(1)	A	(2)	62,886(3)	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. A deferred share unit ("DSU") award was granted on August 6th, 2025 where 5,419 are scheduled to vest on June 15, 2026. The DSU award is subject to continued service through the vesting date.

2. Each DSU represents the right to receive one share of the Company's Class A Common Stock.

3. Includes 62,886 shares of Class A Common Stock to be delivered in settlement of DSU awards. The DSU awards, in each case, are subject to continued service through the applicable vesting date.

Remarks:

	/s/ Francesca Don Angelo, Attorney-in-Fact for Rhonda Adams-Medina	08/08/2025
	** Signature of Reporting Person	Date
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.

FAQ

What transaction did Rhonda Adams-Medina report on her GLXY Form 4?

She was granted 5,419 deferred share units (DSUs) on 08/06/2025, each DSU representing the right to one Class A common share.

When do the DSUs vest and are there conditions?

The 5,419 DSUs are scheduled to vest on 06/15/2026 and are subject to continued service through the vesting date.

How many shares are disclosed for settlement of DSU awards in the filing?

The filing discloses 62,886 shares of Class A common stock to be delivered in settlement of DSU awards.

Does the Form 4 report any derivative securities for GLXY?

No; Table II shows no derivative securities were reported in this Form 4.

Who signed the Form 4 on behalf of the reporting person?

The form is signed by /s/ Francesca Don Angelo, Attorney-in-Fact for Rhonda Adams-Medina.