Galaxy Digital CEO covers taxes with share withholding

Galaxy Digital Inc. CEO Michael Novogratz reported a Form 4 showing a tax-withholding disposition of 73,479 shares of Class A common stock at $20.59 per share on March 2, 2026.

Accepted by SEC EDGAR 03/04/2026 - 04:23 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Galaxy Digital Inc. CEO Michael Novogratz reported a Form 4 showing a tax-withholding disposition of 73,479 shares of Class A common stock at $20.59 per share on March 2, 2026. The shares were withheld to cover taxes upon vesting of 132,870 RSUs. After this, he directly owned 449,704 shares, including 344,001 shares to be delivered upon future RSU vesting subject to continued service.

Insider Trade Summary

Exercise Price or Tax Liability: 73,479 shares

Exercise Price or Tax Liability 1 txn

Insider Novogratz Michael

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	73,479	$20.59	$1.51M

Holdings After Transaction: Class A Common Stock — 449,704 shares (Direct)

Footnotes (2)

1. F1. Represents shares of Class A common stock withheld for taxes upon the vesting of 132,870 restricted stock units ("RSUs") on March 2, 2026.
2. F2. Includes 344,001 shares of Class A common stock to be delivered in settlement of RSUs, subject to continued service through the applicable vesting date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Michael Novogratz report in his latest Form 4 for GLXY?

Michael Novogratz reported a tax-withholding disposition of 73,479 Galaxy Digital Class A shares. The shares were withheld at $20.59 per share to cover taxes when 132,870 restricted stock units vested on March 2, 2026, rather than sold in the open market.

How many Galaxy Digital shares were withheld for taxes for GLXY?

A total of 73,479 Class A shares of Galaxy Digital were withheld for taxes. This occurred upon the vesting of 132,870 restricted stock units on March 2, 2026, using a transaction coded “F” for tax-liability settlement through delivery of securities.

At what price were the withheld GLXY shares valued in the Form 4?

The withheld Galaxy Digital shares were valued at $20.59 per share. This price was used to determine the value of the 73,479 Class A shares delivered to satisfy the tax liability triggered by the vesting of 132,870 restricted stock units on March 2, 2026.

How many Galaxy Digital shares does Michael Novogratz hold after this Form 4?

Following the tax-withholding disposition, Michael Novogratz directly held 449,704 Class A shares of Galaxy Digital. This figure includes 344,001 shares that will be delivered later in settlement of restricted stock units, contingent on his continued service through each applicable vesting date.

What RSU activity did Galaxy Digital CEO Michael Novogratz report for GLXY?

He reported vesting of 132,870 restricted stock units on March 2, 2026. To cover taxes from this vesting, 73,479 Class A shares were withheld. Footnotes indicate an additional 344,001 shares remain to be delivered in settlement of other RSUs, subject to continued service.

Was the GLXY Form 4 transaction an open-market sale by Michael Novogratz?

The Form 4 shows a tax-withholding disposition, not an open-market sale. Code “F” and the footnote specify 73,479 Galaxy Digital Class A shares were withheld to satisfy tax obligations from RSU vesting, rather than sold to third-party buyers on the market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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
Estimated average burden
hours per response:			0.5

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^*

Novogratz Michael

(Last) (First) (Middle)

C/O GALAXY DIGITAL INC.

300 VESEY ST.

(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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		F		73,479(1)	D	$20.59	449,704(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

Explanation of Responses:

1. Represents shares of Class A common stock withheld for taxes upon the vesting of 132,870 restricted stock units ("RSUs") on March 2, 2026.

2. Includes 344,001 shares of Class A common stock to be delivered in settlement of RSUs, subject to continued service through the applicable vesting date.

Remarks:

	/s/ Frances Fuqua, Attorney-in-Fact for Michael Novogratz	03/04/2026
	** 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.
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