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.

Insights

Insider transactions analyst

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.

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

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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).

1. Name and Address of Reporting Person^*

Ferraro Christopher C

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CIO

3. Date of Earliest Transaction (Month/Day/Year)
10/10/2025

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	10/10/2025		S		750,000	D	$36(1)	687,921(2)	D

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
Stock Options	$9.63							(3)	03/27/2029	Class A Common Stock	81,319		81,319	D
Stock Options	$4.83							(4)	03/29/2028	Class A Common Stock	1,000,000		1,000,000	D
Stock Options	$11.77							(5)	03/31/2030	Class A Common Stock	409,271		409,271	D
Class B Common Stock	(6)							(6)	(6)	Class A Common Stock	3,411,001		3,411,001	D

Explanation of Responses:

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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

Remarks:

	/s/ Francesca Don Angelo, Attorney-in-Fact for Christopher Ferraro	10/14/2025
	** 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).
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FAQ

What did GLXY’s Christopher Ferraro report on Form 4?

He sold 750,000 Class A shares on 10/10/2025 at $36 per share in connection with a private placement.

How many GLXY Class A shares does Ferraro hold after the sale?

He beneficially owns 687,921 Class A shares directly, including 270,035 to be delivered upon RSU settlement.

What RSU vesting details were disclosed for GLXY?

RSUs granted on 03/29/2023, 03/27/2024, and 03/31/2025 include tranches scheduled to vest through 03/01/2027, subject to continued service.

What GLXY stock options does Ferraro hold?

Options for 1,000,000 shares at $4.83 (exp. 03/29/2028), 81,319 at $9.63 (exp. 03/27/2029), and 409,271 at $11.77 (exp. 03/31/2030).

What is the Class B to Class A exchange noted for GLXY?

Ferraro’s Class B holdings correspond to 3,411,001 shares, exchangeable one‑for‑one into Class A common stock.

What is Ferraro’s role at GLXY?

He is an Officer, serving as President and CIO of Galaxy Digital Inc.