Rossman Adam Steven 4

What Happened

• Adam Steven Rossman, a director of Digi Power X Inc. (DGXX), converted/exercised a derivative on 2026-02-09 that resulted in the acquisition of 3,333 subordinate voting shares. The filing also shows a related disposition of 3,333 derivative units recorded at $0.00, which reflects settlement of restricted stock units (RSUs) rather than a market sale. No cash proceeds were reported.

Key Details

• Transaction date: 2026-02-09; Form 4 filed: 2026-02-11 (timely).
• Transaction type/code: Exercise/conversion of a derivative (code M); settlement recorded as a $0.00 disposition for the derivative instrument.
• Shares acquired: 3,333 SV Shares via RSU settlement; Shares disposed: 3,333 derivative units (recorded at $0).
• Shares owned after transaction: Not disclosed in this Form 4.
• Relevant footnotes: F1 (each RSU converts to one SV Share and RSUs were settled in SV Shares), F10 (RSUs issued under the Company’s RSU Plan), F11 & F9 (vesting schedule: some RSUs vest beginning Dec 1, 2026; remaining RSUs vest Feb 9, 2027).
• Filing timeliness: Timely (filed two days after the reported transaction).

Context

• This was a conversion/settlement of RSUs into common shares (a compensation award), not an open‑market purchase or sale. The $0.00 disposition reflects the cancellation/settlement of the derivative award, not a cash sale—so it does not indicate an insider selling shares on the market. Such RSU settlements are typically part of executive/director compensation and should be interpreted differently than purchases or market sales.