Amar Alec 4

What Happened

• Amar Alec, President and Director of Digi Power X Inc. (DGXX), reported the settlement/exercise of 133,333 restricted stock units (derivative code M) into subordinate voting shares on February 9, 2026. The filing also reports a simultaneous disposition of 133,333 shares with $0 proceeds (reported as a derivative disposition).
• The acquisition is recorded as an RSU settlement (see footnote F1). No cash proceeds are reported for the disposition line; the Form 4 does not show a cash sale price or total dollar value for these transactions.

Key Details

• Transaction date: February 9, 2026.
• Acquired: 133,333 shares via exercise/conversion (derivative code M); price shown as N/A (RSU settlement).
• Disposed: 133,333 shares via exercise/conversion (derivative code M); proceeds reported as $0.
• Net change in holdings reported on these lines: zero (133,333 acquired and 133,333 disposed).
• Notable footnote: F1 — each RSU converts to one subordinate voting share and these RSUs were settled in SV Shares. F3 notes a holdings line is being reported but the Form 4 details provided here do not list a post-transaction total share balance.
• Filing date: February 11, 2026 (filed two business days after the Feb 9 transaction, which appears timely under Form 4 rules).

Context

• This transaction reflects the conversion/settlement of restricted stock units into common shares rather than an open-market purchase or cash sale. The reported $0 disposition does not show cash proceeds on the Form 4; the filing itself does not explain the reason for the $0 disposition (Form 4 footnotes indicate RSU settlement).