Michael Novogratz - 10 Oct 2025 Form 4 Insider Report for Galaxy Digital Inc. (GLXY)

Reporting relationship: Chief Executive Officer, Director, 10%+ Owner
Issuer ticker: GLXY
Reported as of: 10 Oct 2025
Net transaction value: -$108,000,000
SEC form: 4
Accepted by SEC: 14 Oct 2025, 16:39:11 UTC
Prior SEC filing: 10 Jun 2025
Next SEC filing: 05 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Francesca Don Angelo Attorney-in-Fact for Michael Novogratz

Key filing fact

Michael Novogratz filed Form 4 for Galaxy Digital Inc. (GLXY) on 14 Oct 2025.

Key facts

This page summarizes Michael Novogratz's Form 4 filing for Galaxy Digital Inc. (GLXY).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 14 Oct 2025, 16:39.

Change

Previous filing in this sequence was filed on 10 Jun 2025.
Current net transaction value: -$108,000,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001380615 Primary reporting owner

Novogratz Michael

Relationship: Chief Executive Officer, Director, 10%+ Owner
Address: C/O GALAXY DIGITAL INC., 300 VESEY ST., NEW YORK
Signature: /s/ Francesca Don Angelo Attorney-in-Fact for Michael Novogratz
Signature date: 14 Oct 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GLXY transaction

Class A Common Stock

Conversion of derivative security

Transaction value
Shares: +2,477,055
Change %
Price
Shares after: 2,477,055
Date: 10 Oct 2025
Ownership: Held by Galaxy Group Investments LLC
Footnotes: F1

GLXY transaction

Class A Common Stock

Sale

Transaction value: $89,173,980
Shares: -2,477,055
Change %: -100%
Price: $36.00
Shares after: 0
Date: 10 Oct 2025
Ownership: Held by Galaxy Group Investments LLC
Footnotes: F2

GLXY transaction

Class A Common Stock

Sale

Transaction value: $18,826,020
Shares: -522,945
Change %: -100%
Price: $36.00
Shares after: 0
Date: 10 Oct 2025
Ownership: Held by Novofam Macro LLC
Footnotes: F2

GLXY holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 348,921
Date: 10 Oct 2025
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GLXY transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
Shares: -2,477,055
Change %: -1.3%
Price
Shares after: 192,115,103
Date: 10 Oct 2025
Ownership: Held by Galaxy Group Investments LLC
Underlying class: Class A Common Stock
Underlying amount: 2,477,055
Exercise price
Footnotes: F1

GLXY holding Derivative

Stock Options

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 409,271
Date: 10 Oct 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 409,271
Exercise price: $11.77
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote F2

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.

Footnote 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.

Footnote F4

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.