Galaxy Digital director sells 250,000 exercised shares
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.
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 1,505,419 Class A shares, including 5,419 shares to be delivered in settlement of deferred share unit awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 250,000 shares ($3.06M approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
DAFFEY MICHAEL D
Role
Director
Sold
250,000 shs ($7.19M)
Approx. gross sale proceeds
$7.19M
Approx. exercise cost
$4.13M
Approx. pre-tax spread
$3.06M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 250,000 | $0.00 | $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 contracts (Direct);
Class A Common Stock — 1,505,419 shares (Direct)
Footnotes (6)
- F1. Represents shares of Class A common stock that were issued upon exercise of stock options that were set to expire on May 27, 2026.
- F2. Includes 5,419 shares of Class A common stock to be delivered in settlement of deferred share unit awards.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
