Galaxy Digital insider reports conversion and $36 share sales
Rhea-AI Filing Summary
Galaxy Digital (GLXY) insider transaction: On 10/10/2025, CEO, Director, and 10% owner Michael Novogratz reported a conversion of 2,477,055 shares of Class B common stock into Class A, followed by sales at $36 per share. The sales comprised 2,477,055 shares held by Galaxy Group Investments LLC and 522,945 shares held by Novofam Macro LLC, conducted in connection with a private placement pursuant to an investment agreement dated October 10, 2025.
After these transactions, reported beneficial holdings include 348,921 shares of Class A common stock, which includes 302,609 shares to be delivered upon RSU settlement, and 409,271 stock options with a $11.77 exercise price expiring on March 31, 2030.
Positive
- None.
Negative
- None.
Insights
CEO/10% owner reported a conversion and sales tied to a private placement; large residual exchangeable holdings remain.
On
Following these transactions, the filing shows 0 Class A shares for those indirect accounts, while listing 192,115,103 derivative securities (Class B/LP unit exchange rights as described) indirectly held via Galaxy Group Investments LLC. Class B/LP units are redeemable or exchangeable one-for-one into Class A according to the description. The reporter also holds 409,271 stock options with a
Equity awards include RSUs expected to settle into 302,609 Class A shares within the
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 2,477,055 | $0.00 | -- |
| Conversion | Class A Common Stock | 2,477,055 | $0.00 | -- |
| Sale | Class A Common Stock | 2,477,055 | $36.00 | $89.17M |
| Sale | Class A Common Stock | 522,945 | $36.00 | $18.83M |
| holding | Stock Options | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
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 sale was in connection with a private placement pursuant to an investment agreement, dated October 10, 2025, in which the holder was a selling shareholder. Includes 302,609 shares of Class A Common Stock to be delivered in settlement of restricted share unit awards ("RSUs"). An RSU award was granted on March 27, 2024 where 99,000 are scheduled to vest on March 1, 2026 and 102,000 are scheduled to vest on March 1, 2027. 101,609 RSUs were granted on March 31, 2025 where 33,870 are scheduled to vest on March 1, 2026 and the remainder are scheduled to vest in equal quarterly installments thereafter (8 quarters). The RSU awards, in each case, are subject to continued service through the applicable vesting date. 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.
