Michael Novogratz Sells $79.3M of Galaxy Digital Inc (GLXY) — SEC Form 4, Jun 10, 2025

Open-Market Net Sale · SEC Form 4

−$79,284,550

Reporting Owner

Michael Novogratz

CEO 10% Owner

TXN 2025-06-09 · FILED 2025-06-10

Equity Position 5.25M sh 5,252,833 → 5,252,833

Filing Lag 1 business day within 2-day SEC deadline

Form 4 · Statement of Changes in Beneficial Ownership

Galaxy Digital Inc

GLXY CIK 0001859392

Reporting Owner

Name	Relationship
Michael Novogratz CIK 0001380615	Director CEO 10% Owner

Michael Novogratz at Galaxy Digital Inc Full insider history

Bought (12 mo) $9,864,346

Sold (12 mo) —

More from this insider at Galaxy Digital Inc

Non-Derivative Securities Transactions

Title	Date	Type	Shares	Price	Net Total	Post-Txn	Ownership
Class A Common StockF1	2025-06-09	C - Conversion	4,380,967 A		—	4,380,967	Indirect Held by Galaxy Group Investments LLC
Class A Common StockF2	2025-06-09	S - Sale	4,380,967 D	$18.10	-$79,284,550	0	Indirect Held by Galaxy Group Investments LLC

Derivative Securities Transactions

Title	Strike	Date	Type	Shares	Price	Expiration	Underlying	Ownership
Class B Common StockF1 F1 F1 F1		2025-06-09	C - Conversion	4,380,967 D			4,380,967 Class A Common Stock	Indirect Held by Galaxy Group Investments LLC

Non-Derivative Holdings

Title	Shares Held	Ownership
Class A Common StockF3	348,921	Direct
Class A Common Stock	522,945	Indirect Held by Novofam Macro LLC

Footnotes (3)

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. Show more
F2: The sale was in connection with the exercise of the underwriter's option to purchase additional shares in 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. Show more
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. Show more

5%+ Holders · 13D/G 4 filers

Latest Schedule 13D/G per filer; stakes the filer reported closed are left out.

Other insiders at Galaxy Digital Inc

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