[Form 4] Galaxy Digital Inc. Insider Trading Activity

Rhea-AI Filing Summary

Galaxy Digital director Michael Daffey received a deferred equity award of 5,419 deferred share units (DSUs) that are scheduled to vest on June 15, 2026 and are subject to continued service through the vesting date. Each DSU represents the right to receive one share of the Company’s Class A common stock. After the reported acquisition, the filing shows Mr. Daffey’s beneficial ownership of Class A common stock as 1,505,419 shares (direct). The Form 4 discloses no derivative transactions and indicates this report was filed by a single reporting person.

Insights

Corporate Governance Expert

TL;DR: A routine director equity award that aligns compensation with shareholders, without immediate dilution or derivative activity.

The 5,419 DSU grant is disclosed as a time-based award converting to one Class A share per unit upon vesting, conditioned on continued service through June 15, 2026. The filing reports no option exercises or derivative positions, and shows direct beneficial ownership of 1,505,419 Class A shares following the award. From a governance perspective, this is a standard deferred equity grant used to align a director’s interests with shareholders while deferring share delivery until service conditions are met. The size and structure appear routine for director compensation and do not indicate change in control, extraordinary dilution, or related-party transactions in this filing.

Securities/Fiduciary Analyst

TL;DR: Disclosure is clear and complete for the reported DSU award; impact on outstanding shares appears immaterial from this filing alone.

The report itemizes a non-derivative acquisition of 5,419 DSUs and explains each unit equals one Class A share on settlement. The award vests on a stated future date subject to service, indicating deferred settlement rather than immediate issuance of common stock. The registrant and reporting person are identified, and the report is filed by a single reporting person. There are no listed sales, exercises, or derivative holdings disclosed here, so the filing itself conveys routine compensation reporting without material financing or liquidity implications.

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^*

DAFFEY MICHAEL D

(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)	1,505,419	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.

Remarks:

	/s/ Francesca Don Angelo, Attorney-in-Fact for Michael Daffey	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 Galaxy Digital director Michael Daffey receive in this Form 4 (GLXY)?

He was granted 5,419 deferred share units (DSUs), each representing the right to receive one Class A common share.

When do the 5,419 DSUs granted to Michael Daffey vest?

The DSUs are scheduled to vest on June 15, 2026, and are subject to continued service through that date.

How many Class A shares does Michael Daffey beneficially own after the reported transaction?

The filing reports 1,505,419 shares of Class A common stock beneficially owned, held directly.

Does the Form 4 report any derivative transactions for Michael Daffey?

No. Table II (derivative securities) contains no reported transactions; only the non-derivative DSU award is disclosed.

Was this Form 4 filed by more than one reporting person?

No. The form indicates it was filed by one reporting person.