Galaxy Digital (GLXY) president exercises 50,000 options, lifts Class A holdings
Rhea-AI Filing Summary
Galaxy Digital Inc. President and CIO Christopher C. Ferraro exercised 50,000 stock options on August 10, 2026 at an exercise price of $4.83 per share, acquiring 50,000 shares of Class A common stock for cash. Following this exercise, he directly holds 908,292 Class A shares, including 288,806 shares to be delivered upon settlement of restricted stock units, subject to continued service. He also holds stock options for 81,319 underlying Class A shares at $9.63 expiring March 27, 2029, and 409,271 underlying shares at $11.77 expiring March 31, 2030. In addition, he directly holds 3,411,001 shares of Class B common stock, each tied one-for-one to LP Units that are redeemable or exchangeable into Class A shares.
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Insights
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Insider Trade Summary
Net Buyer: 50,000 shares
Net Buy
5 txns
Insider
Ferraro Christopher C
Role
President and CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options F3 | 50,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1, F2 | 50,000 | $4.83 | $242K |
| holding | Stock Options F4 | -- | -- | -- |
| holding | Stock Options F5 | -- | -- | -- |
| holding | Class B Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Stock Options — 1,440,590 shares (Direct);
Class A Common Stock — 908,292 shares (Direct);
Class B Common Stock — 3,411,001 shares (Direct)
Footnotes (6)
- F1. Represents shares of Class A common stock acquired with cash upon the exercise of 50,000 stock options now held.
- F2. Includes 288,806 shares of Class A common stock to be delivered in settlement of restricted stock units, subject to continued service through the applicable vesting date.
- F3. These options are fully vested and exercisable until March 29, 2028.
- F4. This option vests over three years from March 1, 2024, with 1/3 vesting on the each of the first three anniversaries of such date, subject to continued service through the relevant vesting date.
- F5. This option vests over three years from March 1, 2025, with 1/3 vesting on the each of the first three anniversaries of such date, subject to continued service through the relevant vesting date.
- F6. 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.
Key Figures
Options Exercised: 50,000 shares
Exercise Price: $4.83 per share
Class A Shares After: 908,292 shares
+5 more
8 metrics
Options Exercised
50,000 shares
Stock options exercised into Class A common stock on August 10, 2026
Exercise Price
$4.83 per share
Cash exercise price for 50,000 stock options
Class A Shares After
908,292 shares
Direct Class A common stock holdings following the reported transaction
RSU-Linked Class A Shares
288,806 shares
Class A shares to be delivered upon settlement of restricted stock units, subject to vesting
Remaining Options at $9.63
81,319 underlying shares
Stock options exercisable into Class A common stock at $9.63, expiring March 27, 2029
Remaining Options at $11.77
409,271 underlying shares
Stock options exercisable into Class A common stock at $11.77, expiring March 31, 2030
Class B Common Stock Held
3,411,001 shares
Direct holdings of Class B common stock, each tied one-for-one to LP Units
Exercise Expiration (Exercised Options)
March 29, 2028
Expiration date for the fully vested options from which 50,000 shares were exercised
Key Terms
Stock Options, restricted stock units, Class B common stock, LP Units, +1 more
5 terms
Stock Options financial
"Represents shares of Class A common stock acquired with cash upon the exercise of 50,000 stock options"
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.
restricted stock units financial
"Includes 288,806 shares of Class A common stock to be delivered in settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
LP Units financial
"The number of issued and outstanding shares of Class B common stock is equal to the number of issued and outstanding LP Units"
redeemable or exchangeable financial
"such LP Units are redeemable or exchangeable, on a one-for-one basis, for shares of Class A common stock"
FAQ
What insider transaction did Galaxy Digital (GLXY) report for Christopher C. Ferraro?
Christopher C. Ferraro exercised 50,000 stock options for cash on August 10, 2026, acquiring 50,000 shares of Class A common stock at an exercise price of $4.83 per share, increasing his directly held Class A position.
What stock options does Ferraro still hold in Galaxy Digital (GLXY) after exercising 50,000 options?
Ferraro continues to hold options over 81,319 Class A shares at $9.63 expiring March 27, 2029, and options over 409,271 Class A shares at $11.77 expiring March 31, 2030, all reported as directly owned derivative positions.
What vesting terms apply to Ferraro’s newer Galaxy Digital (GLXY) stock options?
One option grant vests over three years from March 1, 2024, and another over three years from March 1, 2025, with one-third vesting on each of the first three anniversaries, subject to Ferraro’s continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
