GLXY Form 4: Richard Tavoso Moves Shares Between Personal and LLC Holdings

Rhea-AI Filing Summary

The Form 4 reports that Galaxy Digital director Richard Tavoso transferred Class A common stock between his personal holdings and a family entity. On 05/16/2025 he contributed 500,000 shares to SixTav Ventures, LLC, which the filing states is wholly owned by the reporting person and his spouse, and on 05/21/2025 he contributed 50,000 shares back into his direct ownership. The filing shows direct beneficial ownership of 182,467 shares following the reported transactions and indirect ownership of 450,000 shares held by SixTav Ventures, LLC. These entries are internal reallocations between affiliated accounts rather than open-market sales and therefore do not change the household's aggregate economic interest in the issuer.

Positive

• Shares remain within the reporting person's household as transfers were between direct holdings and a wholly-owned family LLC
• No open-market sale or cash proceeds reported; transactions are internal reallocations rather than disposals to third parties

Negative

• None.

Insights

Securities Analyst

TL;DR: Director moved shares between personal and family LLC accounts; transactions are internal and carry limited market impact.

The Form 4 documents two transfers: a contribution of 500,000 Class A shares to SixTav Ventures, LLC on 05/16/2025 and a return of 50,000 shares to direct ownership on 05/21/2025. Post-transactions the filing lists 182,467 shares held directly and 450,000 indirectly via SixTav. Because SixTav is described as wholly owned by the reporting person and spouse, these moves represent reallocation within the household rather than monetization or third-party transfers. For investors, this is a neutral disclosure about ownership structure with no immediate capital-market implications.

Corporate Governance Expert

TL;DR: Internal transfers to a spouse-owned LLC suggest household consolidation of holdings; governance implications are limited and routine.

The filing clarifies that SixTav Ventures, LLC is wholly owned by the reporting person and spouse, and shows a net shift of shares between direct and indirect ownership: 500,000 moved to the LLC and 50,000 returned to direct ownership shortly thereafter. These are customary estate or ownership-structure transactions commonly seen among insiders. The disclosure improves transparency about how beneficial ownership is held but does not indicate a change in voting or economic exposure outside the household.

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
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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)
05/16/2025

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	05/16/2025		J		500,000(1)	D	$0	132,467	D
Class A Common Stock	05/21/2025		J		50,000(2)	A	$0	182,467	D
Class A Common Stock								450,000	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. On May 16, 2025, the reporting person contributed 500,000 directly owned shares of Class A common stock to SixTav Ventures, LLC, which is wholly-owned by the reporting person and his spouse.

2. On May 21, 2025, the reporting person contributed back into his direct ownership 50,000 shares of Class A common stock previously owned indirectly by SixTav Ventures, LLC, which is wholly-owned by the reporting person and his spouse.

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 did Galaxy Digital (GLXY) director Richard Tavoso report on Form 4?

The Form 4 shows Mr. Tavoso transferred 500,000 Class A shares to SixTav Ventures, LLC on 05/16/2025 and returned 50,000 shares to direct ownership on 05/21/2025.

Who owns SixTav Ventures, LLC according to the filing?

The filing states SixTav Ventures, LLC is wholly owned by the reporting person and his spouse.

How many shares does Richard Tavoso beneficially own after these transactions?

Following the reported transactions the Form 4 lists 182,467 shares as directly beneficially owned and 450,000 shares as indirectly owned via SixTav Ventures, LLC.

Do these entries indicate a sale of GLXY shares?

No. The entries document transfers between affiliated accounts (direct ownership and a family LLC) rather than open-market sales or third-party disposals.

What is the relationship of the reporting person to Galaxy Digital?

The Form 4 identifies Richard Tavoso as a Director of Galaxy Digital Inc.