[Form 4] Galaxy Digital Inc. Insider Trading Activity

Rhea-AI Filing Summary

Douglas R. Deason, a director of Galaxy Digital Inc. (GLXY), was granted 23,482 deferred share units (DSUs) recorded as an acquisition of Class A common stock on 08/06/2025. The filing reports the award as direct beneficial ownership following the transaction and uses transaction code A.

The DSUs vest in installments and are subject to continued service: 5,419 vest on 06/15/2026; 4,515 on 09/01/2026; and four tranches of 4,516 vesting on 09/01/2027, 09/01/2028 and 09/01/2029. Each DSU represents the right to receive one share of the Company's Class A common stock when settled.

Positive

• 23,482 DSUs granted, aligning director compensation with shareholder interests by tying value to Class A common stock
• Clear vesting schedule with specific tranche dates through 2029, making future obligations transparent

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine equity-based director grant of 23,482 DSUs; creates potential future share issuance but is not a material corporate event.

The Form 4 shows a non-cash compensation event: the director received 23,482 DSUs on 08/06/2025, reported as direct ownership. Vesting is staggered through 2029 and each DSU converts to one Class A share upon settlement. This is a customary governance and compensation action that may lead to future dilution when DSUs are paid, but the filing contains no indication of immediate share issuance or other transactions that would materially affect current capitalization.

Corporate Governance Expert

TL;DR: Equity-linked awards align director incentives with shareholders; vesting tied to continued service.

The reported DSU award to Director Douglas R. Deason vests in multiple tranches and is explicitly conditional on continued service. Each unit equals the right to one Class A share, which aligns director compensation with shareholder value upon settlement. The disclosure is standard for director compensation and does not, by itself, signal governance concerns or changes to board composition.

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
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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^*

DEASON DOUGLAS R

(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		23,482(1)	A	(2)	23,482	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. Deferred share unit ("DSU") awards were granted on August 6th, 2025 where 5,419 are scheduled to vest on June 15, 2026, 4,515 are scheduled to vest on September 1, 2026, 4,516 are scheduled to vest on September 1, 2027, 4,516 are scheduled to vest on September 1, 2028 and 4,516 are scheduled to vest on September 1, 2029. The DSU awards, in each case, are subject to continued service through the applicable vesting date vesting date.

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

Remarks:

	/s/ Francesca Don Angelo, Attorney-in-Fact for Douglas R. Deason	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 did GLXY director Douglas R. Deason receive?

The filing shows Douglas R. Deason was granted 23,482 deferred share units (DSUs) representing rights to Class A common stock.

When was the DSU award for GLXY reported?

The transaction date reported is 08/06/2025.

What is the GLXY DSU vesting schedule?

The DSUs vest as follows: 5,419 on 06/15/2026; 4,515 on 09/01/2026; and 4,516 each on 09/01/2027, 09/01/2028 and 09/01/2029, subject to continued service.

How many Class A shares does each DSU represent for GLXY?

Each DSU represents the right to receive one share of the Company's Class A common stock upon settlement.

How many shares does Deason beneficially own following the reported transaction?

The Form 4 reports 23,482 shares/DSU units beneficially owned following the transaction.