Charitable gift of 1.65M Galaxy Digital (GLXY) Class B shares disclosed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Galaxy Digital Inc. reported that Galaxy Group Investments LLC, an entity controlled by CEO Michael Novogratz, made a bona-fide charitable gift of 1,650,000 shares of Class B Common Stock. The footnotes state the shares were donated to a donor advised fund. Following this disposition, the reporting person continues to indirectly hold 190,465,103 shares of Class B Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,650,000 shares gifted
Mixed
1 txn
Insider
Novogratz Michael, Galaxy Group Investments LLC
Role
Chief Executive Officer | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 1,650,000 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 190,465,103 shares (Indirect, Held by Galaxy Group Investments LLC)
Footnotes (1)
- Each share of Class B common stock entitles its holder to one vote per share on all matters submitted to a vote of the issuer's stockholders. The number of issued and outstanding shares of Class B common stock is equal to the number of issued and outstanding LP Units of Galaxy Digital Holdings LP not held by the issuer or one of its subsidiaries, and such LP Units are redeemable or exchangeable, on a one-for-one basis, for shares of Class A Common Stock. The shares reported in this transaction represent a bona-fide charitable gift to a Donor Advised Fund. The shares of Class B Common Stock are held by Galaxy Group Investments LLC, which is controlled by the Reporting Person.
Key Figures
Shares gifted: 1,650,000 shares
Post-transaction holdings: 190,465,103 shares
Gift transaction price: $0.00 per share
+1 more
4 metrics
Shares gifted
1,650,000 shares
Bona-fide charitable gift of Class B Common Stock
Post-transaction holdings
190,465,103 shares
Class B Common Stock indirectly owned after gift
Gift transaction price
$0.00 per share
Reported transaction price for gifted Class B shares
Underlying security
1,650,000 shares
Underlying Class A Common Stock on one-for-one basis
Key Terms
Class B Common Stock, bona-fide charitable gift, Donor Advised Fund, LP Units, +1 more
5 terms
Class B Common Stock financial
"Each share of Class B common stock entitles its holder to one vote per share"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
bona-fide charitable gift financial
"The shares reported in this transaction represent a bona-fide charitable gift"
Donor Advised Fund financial
"represent a bona-fide charitable gift to a Donor Advised Fund"
A donor advised fund is a charitable savings account you fund with cash or assets (including stocks) that lets you take an immediate tax benefit while recommending when and which charities receive grants over time. Think of it like a dedicated piggy bank for giving: you get tax relief when you put money in, can avoid selling appreciated securities and triggering capital gains, and still control the timing and recipients of donations, which affects tax planning, portfolio decisions, and public giving signals.
LP Units financial
"shares of Class B common stock is equal to the number of issued and outstanding LP Units"
Class A Common Stock financial
"LP Units are redeemable or exchangeable, on a one-for-one basis, for shares of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Galaxy Digital (GLXY) report in this Form 4?
Galaxy Digital reported a bona-fide charitable gift of 1,650,000 shares of Class B Common Stock. The shares were transferred by Galaxy Group Investments LLC, an entity controlled by CEO Michael Novogratz, to a donor advised fund.