Michael Novogratz - 29 May 2025 Form 4 Insider Report for Galaxy Digital Inc. (GLXY)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Francesca Don Angelo Attorney-in-Fact for Michael Novogratz
Issuer symbol: GLXY
Transactions as of: 29 May 2025
Net transactions value: -$61,040,605
Form type: 4
Filing time: 02 Jun 2025, 17:43:03 UTC
Previous filing: 21 May 2025
Next filing: 10 Jun 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Novogratz Michael	Chief Executive Officer, Director, 10%+ Owner	C/O GALAXY DIGITAL INC., 300 VESEY ST., NEW YORK	/s/ Francesca Don Angelo Attorney-in-Fact for Michael Novogratz	02 Jun 2025	0001380615

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GLXY	Class A Common Stock	Conversion of derivative security		+3,372,875			3,372,875	29 May 2025	Held by Galaxy Group Investments LLC	F1
transaction	GLXY	Class A Common Stock	Sale	$61,040,605	-3,372,875	-100%	$18.10	0	29 May 2025	Held by Galaxy Group Investments LLC	F2
holding	GLXY	Class A Common Stock						348,921	29 May 2025	Direct	F3
holding	GLXY	Class A Common Stock						522,945	29 May 2025	Held by Novofam Macro LLC

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GLXY	Class B Common Stock	Conversion of derivative security		-3,372,875	-1.7%		198,973,125	29 May 2025	Class A Common Stock	3,372,875		Held by Galaxy Group Investments LLC	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	The sale was in connection with an underwritten offering pursuant to an underwriting agreement dated May 29, 2025, in which the holder was a selling shareholder. The underwriter's per share public offering price is $19.00. The price $18.0975 reflects the underwriting discount.
F3	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.