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GLXY Form 4: Bill Koutsouras Receives 5,419 Deferred Share Units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Galaxy Digital Inc. director Bill Koutsouras was granted a deferred share unit (DSU) award on 08/06/2025 for 5,419 DSUs. The award is recorded as an acquisition (Transaction Code A) and each DSU represents the right to receive one share of the company’s Class A common stock. The DSUs are scheduled to vest on 06/15/2026 and are subject to continued service through the vesting date.

The Form 4 shows total beneficial ownership following the reported transaction of 162,886 Class A shares and states that 62,886 shares are to be delivered in settlement of DSU awards. The reporting person is identified as a director and the filing was submitted as a Form 4 for GLXY.

Positive

  • Director received 5,419 DSUs, increasing alignment with shareholders via equity-based compensation
  • Beneficial ownership reported at 162,886 Class A shares, including 62,886 shares designated for DSU settlement

Negative

  • None.

Insights

TL;DR: Director granted 5,419 DSUs, vesting in 2026; filing increases reported beneficial ownership to 162,886 shares.

The Form 4 documents a director-level equity award recorded as an acquisition on 08/06/2025. The award consists of 5,419 deferred share units that convert one-for-one into Class A common stock and vest on 06/15/2026 subject to continued service. The filing also discloses 62,886 shares scheduled for delivery in settlement of DSUs and a post-transaction beneficial ownership total of 162,886 Class A shares. For governance review, these items are routine disclosures of director compensation and share accumulation.

TL;DR: The transaction is a deferred equity award for service with explicit vesting and settlement details; reported ownership rises to 162,886 shares.

The filing explicitly records a DSU grant of 5,419 units dated 08/06/2025, each representing one Class A share, with a vesting date of 06/15/2026 and continued-service conditions. The disclosure includes 62,886 shares to be delivered upon settlement of DSU awards and reports total beneficial ownership of 162,886 Class A shares after the reported acquisition. This provides clear, itemized compensation and ownership data without additional performance-based contingencies disclosed in the form.

Insider Koutsouras Bill
Role Director
Type Security Shares Price Value
Grant/Award Class A Common Stock 5,419 $0.00 --
Holdings After Transaction: Class A Common Stock — 162,886 shares (Direct)
Footnotes (1)
  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. Each DSU represents the right to receive one share of the Company's Class A Common Stock. 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.
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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*
Koutsouras Bill
(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) 162,886(3) 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.
3. 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 Bill Koutsouras 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Galaxy Digital (GLXY) report for Bill Koutsouras on the Form 4?

The Form 4 reports a DSU award of 5,419 units granted on 08/06/2025 and an updated beneficial ownership total of 162,886 Class A shares.

When do the DSUs granted to Bill Koutsouras vest?

The DSUs are scheduled to vest on 06/15/2026 and are subject to continued service through that vesting date.

How many shares will each DSU convert to for GLXY?

Each deferred share unit represents the right to receive one share of the company’s Class A common stock.

How many shares are to be delivered in settlement of DSU awards according to the filing?

The filing states that 62,886 shares of Class A common stock are to be delivered in settlement of DSU awards.

What transaction code was used in the Form 4 for this award?

The award is recorded with Transaction Code A, indicating an acquisition.