Galaxy Digital (GLXY) director exercises options and sells 250K shares

Rhea-AI Filing Summary

Galaxy Digital Inc. director Michael D. Daffey reported an exercise-and-sell transaction involving Class A Common Stock. He exercised stock options for 250,000 shares at an exercise price of $16.54 per share before their May 27, 2026 expiry, receiving Class A shares. He then sold a total of 250,000 shares in open-market trades at weighted average prices of $28.66 and $29.27 per share, with individual trades ranging from $28.16 to $29.65. After these transactions, he directly holds 1,755,419 Class A shares, including 5,419 shares to be delivered from deferred share unit awards, indicating he retains a substantial equity position.

Insights

Equity compensation analyst

Director executes routine option exercise-and-sell, retains large stake.

Director Michael D. Daffey exercised stock options for 250,000 Galaxy Digital Class A shares at an exercise price of $16.54 just before their May 27, 2026 expiration. The options position is now fully exhausted, with no remaining derivative holdings reported.

The 250,000 shares issued from the exercise were then sold in open-market transactions at weighted average prices of $28.66 and $29.27, within a $28.16–$29.65 range. This pattern fits a typical liquidity event where expiring options are converted and the resulting shares monetized.

Following the transactions, Daffey directly holds 1,755,419 Class A shares, including 5,419 tied to deferred share unit awards. The sold shares are a minority of his reported equity exposure, so this filing reads as routine portfolio management rather than a transformative change in insider alignment.

Insider Trade Summary

Net Seller: 250,000 shares ($7,219,141)

Net Sell 4 txns

Insider DAFFEY MICHAEL D

Role null

Sold 250,000 shs ($7.22M)

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	160,765	$28.6599	$4.61M
Sale	Class A Common Stock	89,235	$29.2669	$2.61M

Holdings After Transaction: Stock Options — 0 shares (Direct, null); Class A Common Stock — 1,755,419 shares (Direct, null)

Footnotes (1)

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 22, 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 $28.16 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 $29.00 to $29.65 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 Exercise price: $16.54 per share Weighted avg sale price 1: $28.66 per share +4 more

7 metrics

Shares sold 250,000 shares Total Class A shares sold in open-market transactions

Exercise price $16.54 per share Stock option exercise price for 250,000 shares

Weighted avg sale price 1 $28.66 per share First block of Class A share sales

Weighted avg sale price 2 $29.27 per share Second block of Class A share sales

Post-transaction holdings 1,755,419 shares Class A shares held directly after transactions

Deferred share units 5,419 shares Class A shares to be delivered from deferred share unit awards

Options expiration date May 27, 2026 Expiration date of exercised stock options

Key Terms

open-market sale, stock options, deferred share unit awards, weighted average price, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale" for Class A Common Stock"

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

"security_title: "Stock Options" with underlying Class A Common Stock"

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.

deferred share unit awards financial

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

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 22, 2026..."

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.

Form 4 Insider Transactions: What Each Field Means →

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 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)
05/22/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/22/2026		M		250,000(1)	A	$16.54	1,755,419(2)	D
Class A Common Stock	05/22/2026		S		160,765(3)	D	$28.6599(4)	1,594,654(2)	D
Class A Common Stock	05/22/2026		S		89,235(3)	D	$29.2669(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$16.54	05/22/2026		M			250,000	(6)	05/27/2026	Class A Common Stock	250,000	$0	0	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 22, 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 $28.16 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 $29.00 to $29.65 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:

	/s/ Frances Fuqua, Attorney-in-Fact for Michael Daffey	05/22/2026
	** 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)

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 at $16.54 per share, then sold all 250,000 shares in open-market transactions at weighted average prices around $28.66 and $29.27, monetizing expiring options.

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

He sold a total of 250,000 Class A shares. The weighted average sale prices were $28.66 and $29.27 per share, with individual trades executed in a price range from $28.16 to $29.65 according to the Form 4 footnotes.

What options did Michael D. Daffey exercise in Galaxy Digital (GLXY)?

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

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

After the option exercise and subsequent sales, Michael D. Daffey directly 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 reported in the Form 4 footnotes.

Were the Galaxy Digital (GLXY) share sales linked to the exercised options?

Yes. The footnotes explain that the 250,000 shares sold were the same shares issued upon exercise of the stock options reported in the filing. This describes a combined exercise-and-sell event consistent with the Form 144 filed on May 22, 2026.

Does Michael D. Daffey still have Galaxy Digital (GLXY) stock options after this filing?

No remaining options are shown. The Form 4 indicates that the 250,000 stock options were exercised and the derivative position following the transaction is zero, while the derivative summary section shows no outstanding derivative securities after this reported exercise.