[Form 4] Galaxy Digital Inc. Insider Trading Activity

Rhea-AI Filing Summary

Galaxy Digital director Rhonda Adams-Medina reported a sale of Class A common stock on 09/12/2025. The filing shows 33,333 shares were sold in multiple transactions at a weighted average price of $29.83 per share, leaving beneficial ownership of 112,053 shares. The remaining position includes 62,886 shares to be delivered in settlement of deferred stock unit (DSU) awards that vest with continued service. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/15/2025 and lists the reporting person as a director of Galaxy Digital (GLXY).

Positive

• Transparent disclosure of an insider sale with weighted average price and price range provided
• Post-transaction beneficial ownership disclosed, including breakdown that 62,886 shares are DSUs subject to vesting
• Form 4 executed and signed by attorney-in-fact, indicating proper filing procedure

Negative

• Director disposed of 33,333 Class A shares, reducing direct holdings
• 62,886 shares remain contingent on continued service as DSU awards and are not immediately available

Insights

Securities Analyst

TL;DR: Director sold 33,333 GLXY shares at a weighted avg $29.83, retaining 112,053 shares including 62,886 DSUs.

This Form 4 discloses an open-market sale by a director rather than an option exercise or hedging transaction, reducing direct holdings by 33,333 shares on 09/12/2025. The weighted average price is reported as $29.83 with trade prices ranging $29.806 to $29.910. Post-transaction beneficial ownership is 112,053 shares, of which 62,886 are DSUs subject to continued service. For investors, the filing is a routine insider disposition disclosure; it provides transparent pricing range and residual ownership but contains no forward-looking financial data.

Corporate Governance Expert

TL;DR: The filing documents a disclosed director sale and confirms DSU holdings that remain service-contingent.

The Form 4 identifies Rhonda Adams-Medina as a director and records a disclosed sale (transaction code S) on 09/12/2025. The report clarifies that 62,886 shares are tied to DSU awards that will be delivered upon vesting and continued service, which is important for governance transparency. The filing is properly executed by an attorney-in-fact and includes the required explanatory footnotes about the weighted-average sale price and DSU treatment. There are no indications of amendments or additional derivative transactions in this submission.

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).

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)
09/12/2025

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	09/12/2025		S		33,333	D	$29.83(1)	112,053(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.806 to $29.910 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.

2. 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	09/15/2025
	** 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 Rhonda Adams-Medina report on the Form 4 for GLXY?

She reported the sale of 33,333 shares of Class A common stock on 09/12/2025 at a weighted average price of $29.83 per share and retained beneficial ownership of 112,053 shares.

How was the sale price reported on the Form 4?

The filing reports a weighted average price of $29.83, with individual trade prices ranging from $29.806 to $29.910 per share.

Does the reported beneficial ownership include any restricted or contingent shares?

Yes. The 112,053 shares of beneficial ownership include 62,886 shares to be delivered in settlement of DSU awards that are subject to continued service through vesting.

When was the Form 4 filed and who signed it?

The transaction date is 09/12/2025 and the Form 4 bears a signature by an attorney-in-fact for Rhonda Adams-Medina dated 09/15/2025.

What transaction code was used in the Form 4?

Transaction code S was used, indicating a sale of securities.