Were the Galaxy Digital (GLXY) share sales related to expiring stock options?

Yes. The filing notes that 250,000 Class A shares sold were issued upon exercise of stock options that were set to expire on May 27, 2026. The options were fully vested and exercisable until that expiration date, aligning the transactions with the option timetable.

Director at Galaxy Digital (TSX: GLXY) sells 250,000 exercised shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Galaxy Digital Inc. director Michael D. Daffey exercised stock options for 250,000 shares of Class A common stock at an exercise price of $16.54 per share. The options were vested and had been exercisable until May 27, 2026.

On the same date, he sold a total of 250,000 Class A shares in open-market transactions at weighted average prices of $28.66 and $29.03 per share, across trade ranges from $28.18 to $29.235. Following these transactions, he holds 1,755,419 Class A shares, including 5,419 shares to be delivered in settlement of deferred share unit awards.

Insider Trade Summary

Net Seller: 250,000 shares ($7,193,268)

Net Sell 4 txns

Insider DAFFEY MICHAEL D

Role null

Sold 250,000 shs ($7.19M)

Type	Security	Shares	Price	Value
Exercise	Stock Options	250,000	$0.00	--
Exercise	Class A Common Stock	250,000	$16.54	$4.13M
Sale	Class A Common Stock	171,076	$28.655	$4.90M
Sale	Class A Common Stock	78,924	$29.029	$2.29M

Holdings After Transaction: Stock Options — 250,000 shares (Direct, null); Class A Common Stock — 1,755,419 shares (Direct, null)

Footnotes (1)

Represents shares of Class A common stock that were issued upon exercise of stock options that were set to expire on May 27, 2026. Includes 5,419 shares of Class A common stock to be delivered in settlement of deferred share unit awards. Consistent with the Form 144 filed with the SEC on May 21, 2026, the reporting person sold a total of 250,000 shares of Class A common stock that were issued upon exercise of stock options as reported herein. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.18 to $28.99 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.99 to $29.235 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The options were vested and exercisable until May 27, 2026.

Key Figures

Shares sold: 250,000 shares Options exercised: 250,000 shares Exercise price: $16.54/share +5 more

8 metrics

Shares sold 250,000 shares Class A common stock sold in open-market transactions on May 21, 2026

Options exercised 250,000 shares Stock options exercised into Class A common at $16.54 per share

Exercise price $16.54/share Exercise price of stock options that were set to expire May 27, 2026

Post-transaction holdings 1,755,419 shares Class A common stock owned directly after reported transactions

Price range block 1 $28.18–$28.99 Range of individual trade prices for one weighted-average sale block

Price range block 2 $28.99–$29.235 Range of individual trade prices for second weighted-average sale block

Deferred share units component 5,419 shares Class A shares to be delivered in settlement of deferred share unit awards

Option expiration date May 27, 2026 Date on which the exercised stock options were set to expire

Key Terms

open-market sale, stock options, weighted average price, deferred share unit awards, +2 more

6 terms

open-market sale financial

"Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

stock options financial

"Represents shares of Class A common stock that were issued upon exercise of stock options"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

weighted average price financial

"The reported price in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Form 144 regulatory

"Consistent with the Form 144 filed with the SEC on May 21, 2026, the reporting person sold a total of 250,000 shares"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 06:13 PM

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

DAFFEY MICHAEL D

(Last)

(First)

(Middle)

C/O GALAXY DIGITAL INC.

300 VESEY STREET

(Street)

NEW YORK

10282

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/21/2026		M		250,000⁽¹⁾	A	$16.54	1,755,419⁽²⁾	D
Class A Common Stock	05/21/2026		S		171,076⁽³⁾	D	$28.655⁽⁴⁾	1,584,343⁽²⁾	D
Class A Common Stock	05/21/2026		S		78,924⁽³⁾	D	$29.029⁽⁵⁾	1,505,419⁽²⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options	$16.54	05/21/2026		M			250,000	⁽⁶⁾	05/27/2026	Class A Common Stock	250,000	$0	250,000	D

Explanation of Responses:

1. Represents shares of Class A common stock that were issued upon exercise of stock options that were set to expire on May 27, 2026.

2. Includes 5,419 shares of Class A common stock to be delivered in settlement of deferred share unit awards.

3. Consistent with the Form 144 filed with the SEC on May 21, 2026, the reporting person sold a total of 250,000 shares of Class A common stock that were issued upon exercise of stock options as reported herein.

4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.18 to $28.99 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.99 to $29.235 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

6. The options were vested and exercisable until May 27, 2026.

Remarks:

Exhibits - Exhibit 24 - Power of Attorney

	/s/ Frances Fuqua, Attorney-in-Fact for Michael Daffey	05/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Galaxy Digital (GLXY) director Michael D. Daffey do in this Form 4?

Michael D. Daffey exercised stock options for 250,000 Galaxy Digital Class A shares and sold 250,000 shares in open-market transactions. These trades occurred on May 21, 2026, and involved previously vested options approaching their May 27, 2026 expiration date.

How many Galaxy Digital (GLXY) shares did the director sell and at what prices?

Daffey sold a total of 250,000 Class A shares in open-market trades. The weighted average prices were $28.655 and $29.029 per share, with individual trades ranging from $28.18 to $29.235 per share across multiple transactions.

At what price were Michael D. Daffey’s Galaxy Digital (GLXY) options exercised?

He exercised stock options covering 250,000 shares of Galaxy Digital Class A common stock at an exercise price of $16.54 per share. These options were vested, exercisable, and were scheduled to expire on May 27, 2026, prompting the exercise reported here.

How many Galaxy Digital (GLXY) shares does the director own after these transactions?

After the reported exercise and sales, Daffey holds 1,755,419 shares of Galaxy Digital Class A common stock. This figure includes 5,419 shares that will be delivered later in settlement of deferred share unit awards, as disclosed in the filing footnotes.

What is the significance of the weighted average prices in the Galaxy Digital (GLXY) trades?

The reported per-share prices are weighted averages for multiple individual trades. One block ranged from $28.18 to $28.99 per share and another from $28.99 to $29.235, with the director offering to provide detailed trade breakdowns upon written request, as standard disclosure language.