GLXY director granted 5,419 DSUs and gifted 25,000 shares

Rhea-AI Filing Summary

Galaxy Digital director Richard Tavoso reported a deferred share unit (DSU) award of 5,419 granted on 08/06/2025 that is scheduled to vest on June 15, 2026 and is subject to continued service; each DSU represents the right to receive one Class A share. The filing states 62,886 Class A shares are to be delivered in settlement of DSU awards. On 08/07/2025 he made a bona-fide charitable gift of 25,000 Class A shares to a donor-advised fund. On 08/08/2025 he sold 50,000 Class A shares for a weighted average price of $28.28 per share (sales ranged $28.20–$28.32). The filing also shows 400,000 shares held indirectly by SixTav Ventures, LLC and other reported beneficial ownership figures of 187,886 and 162,886 shares.

Insights

Securities Analyst

TL;DR: Routine director compensation, a charitable gift, and a small open-market sale; appears immaterial absent broader disclosure.

The report shows a 5,419-unit DSU grant that vests in mid-2026, a 25,000-share charitable gift and a 50,000-share sale at a weighted average of $28.28. Each DSU equals one Class A share and 62,886 shares are noted as deliverable on settlement of DSUs. An indirect holding of 400,000 shares is disclosed via SixTav Ventures, LLC. These actions are common for governance and personal liquidity/charitable planning and, by themselves, do not indicate a material change to company fundamentals.

Corporate Governance Expert

TL;DR: Transactions reflect director compensation and personal disposition of shares; ownership disclosures remain clear but show mixed direct/indirect positions.

The DSU award aligns long-term pay with shareholder value by converting compensation into a right to receive Class A shares upon vesting. The reported charitable gift of 25,000 shares and the sale of 50,000 shares are personal actions noted in the filing. The presence of 400,000 shares held indirectly by SixTav Ventures, LLC is disclosed, as are other direct beneficial ownership figures. These are routine governance disclosures; they require no immediate governance concern based solely on this filing.

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

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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^*

Tavoso Richard

(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)	187,886(3)	D
Class A Common Stock	08/07/2025		G		25,000(4)	D	$0	162,886(3)	D
Class A Common Stock	08/08/2025		S		50,000	D	$28.28(5)	400,000	I	Held by SixTav Ventures, LLC

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.

4. The shares of Class A common stock reported in this transaction represent a bona-fide charitable gift to a Donor Advised Fund.

5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.20 to $28.32 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.

Remarks:

	/s/ Francesca Don Angelo, Attorney-in-Fact for Richard Tavoso	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 insider transactions did Richard Tavoso report for GLXY?

The filing reports a 5,419 DSU award (08/06/2025), a 25,000-share charitable gift (08/07/2025), and a 50,000-share sale (08/08/2025).

How many DSUs were granted and when do they vest?

A deferred share unit award of 5,419 was granted and is scheduled to vest on June 15, 2026, subject to continued service.

Did Tavoso sell any GLXY shares and at what price?

Yes; the filing reports a sale of 50,000 Class A shares for a weighted average price of $28.28 per share, with individual sale prices ranging from $28.20 to $28.32.

Did Tavoso make any gifts of GLXY shares?

Yes; the filing states a bona-fide charitable gift of 25,000 Class A shares to a donor-advised fund on 08/07/2025.

What beneficial ownership figures are disclosed in the filing?

The filing shows beneficial ownership figures including 187,886 and 162,886 shares and discloses 400,000 shares held indirectly by SixTav Ventures, LLC.