Novogratz Michael's Form 4 filing
Galaxy Digital Inc. (GLXY) · filed Oct 14, 2025
- Accession no.
- 0001380615-25-000012
- Filed
- Oct 14, 2025
- Trade date
- Oct 10, 2025
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not checked
This filing lists 3 non-derivative transactions and 1 derivative transaction. Open-market sales total $108.0M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Novogratz MichaelCIK 0001380615 | Director, Officer (Chief Executive Officer), 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Oct 10, 2025 | Class A Common Stock | CConversionAcquired | +2,477,055 | –F1 | – | 2,477,055 | Indirect | |
| Oct 10, 2025 | Class A Common Stock | SSaleDisposed | −2,477,055 | $36.00F2 | −$89,173,980 | 0 | Indirect | |
| Oct 10, 2025 | Class A Common Stock | SSaleDisposed | −522,945 | $36.00F2 | −$18,826,020 | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Oct 10, 2025 | Class A Common Stock | CConversionDisposed | −2,477,055 | –F1 | – | 192,115,103 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- 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.
Referenced by the price of 2 transactions in Table I.