GLXY insider Ferraro reports $36 sale of 750,000 Class A shares
Rhea-AI Filing Summary
Galaxy Digital (GLXY) President and CIO Christopher Ferraro reported a Form 4 transaction. On 10/10/2025, he sold 750,000 shares of Class A common stock at $36 per share in connection with a private placement pursuant to an investment agreement dated October 10, 2025, where he was a selling shareholder. Following the sale, he beneficially owns 687,921 Class A shares directly, which includes 270,035 shares to be delivered upon settlement of RSU awards with scheduled vesting through March 2027, subject to continued service.
He also reports derivative holdings: stock options for 1,000,000 shares at $4.83 (expiring 03/29/2028), 81,319 at $9.63 (03/27/2029), and 409,271 at $11.77 (03/31/2030). In addition, he holds Class B common stock corresponding to 3,411,001 shares exchangeable on a one‑for‑one basis into Class A.
Positive
- None.
Negative
- None.
Insights
Routine Form 4 showing a large sale tied to a private placement.
The filing documents a sale of 750,000 Class A shares at $36 by Galaxy Digital’s President/CIO, explicitly linked to an investment agreement private placement where he acted as a selling shareholder. This frames the trade as part of a structured transaction rather than open‑market discretionary selling.
Post‑trade holdings include 687,921 Class A shares (including RSUs) and multiple option grants with exercise prices of $4.83, $9.63, and $11.77, plus Class B interests exchangeable into 3,411,001 Class A shares. Actual market impact depends on future holder actions.
Key items to track in subsequent disclosures are RSU vesting milestones on March 1, 2026 and March 1, 2027, and the option expiration dates in 2028–2030.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 750,000 | $36.00 | $27.00M |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- 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 270,035 shares of Class A Common Stock to be delivered in settlement of restricted share unit awards ("RSUs"). An RSU award was granted on March 29, 2023 where 57,987 are scheduled to vest on March 1, 2026. An RSU award was granted on March 27, 2024 where 59,400 are scheduled to vest on March 1, 2026 and 61,200 are scheduled to vest on March 1, 2027. 91,448 RSUs were granted on March 31, 2025 where 30,483 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, 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. This option vests over three years from March 1, 2023, with 1/3 vesting on the each of the first three anniversaries of such date, subject to continued service through the relevant 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. 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.
