Amar Michel 4
4 · Digi Power X Inc. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Digi Power X (DGXX) CEO Amar Michel Exercises RSUs for 166,666 Shares
What Happened
Amar Michel, CEO of Digi Power X Inc. (DGXX), reported the exercise/conversion (derivative code M) and settlement of 166,666 restricted stock units into subordinate voting shares on February 9, 2026. The filing shows an acquisition entry for 166,666 shares (price N/A) and a corresponding disposition entry of 166,666 shares at $0.00, indicating these were settled/issued rather than sold for cash.
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (within the typical two-business-day reporting window).
- Reported shares: 166,666 shares acquired (settlement) and 166,666 shares reported as disposed at $0.00 (derivative conversion/settlement).
- Consideration: N/A or $0.00 — no cash proceeds reported (not an open‑market sale).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Relevant footnotes: F1/F8 — these were restricted stock units (RSUs) settled into subordinate voting shares under the company’s RSU plan; other footnotes in the filing describe vesting schedules for remaining RSUs and conversion ratios for different share classes.
- Filing timeliness: No late filing indicated.
Context
This was a derivative/RSU settlement (Form 4 code M) — the CEO received shares upon conversion/settlement of RSUs rather than selling shares in the open market. A reported $0.00 disposition commonly reflects issuance/settlement of awards or conversion of derivatives, not a cash sale; it should not be read as a bearish sale signal.
Insider Transaction Report
- Exercise/Conversion
Subordinate Voting Shares
[F1]2026-02-09+166,666→ 1,679,885 total - Exercise/Conversion
Restricted Stock Units
[F7][F8]2026-02-09−166,666→ 166,667 totalExercise: $0.00→ Subordinate Voting Shares (166,666 underlying)
- 626,544(indirect: By LLC)
Subordinate Voting Shares
- 2,165,889(indirect: By LLC)
Subordinate Voting Shares
- 1,493,162(indirect: By LLC)
Subordinate Voting Shares
- 666,600(indirect: By LLC)
Proportionate Voting Shares
[F2][F3]→ Subordinate Voting Shares - 515,000
Employee stock option (right to buy)
[F4][F3][F5]Exercise: $1.54From: 2025-06-06Exp: 2030-06-06→ Subordinate Voting Shares - 900,000
Employee stock option (right to buy)
[F6][F3][F5]Exercise: $3.62From: 2025-11-19Exp: 2030-11-19→ Subordinate Voting Shares - 316,667
Restricted Stock Units
[F9][F3][F8]Exercise: $0.00→ Subordinate Voting Shares - 300,000
Restricted Stock Units
[F10][F3][F8]Exercise: $0.00→ Subordinate Voting Shares
Footnotes (10)
- [F1]Each restricted stock unit represents a contingent right to receive one subordinate voting share ("SV Share") of the Company as of the vesting date. Accordingly, these restricted stock units were settled in SV Shares.
- [F10]The restricted stock units are scheduled to vest in three equal annual installments beginning on November 19, 2026.
- [F2]Proportionate Voting Shares ("PV Shares") may be converted into SV Shares at a ratio of 200 SV Shares for every 1 PV Share.
- [F3]No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
- [F4]Represents an exercise price of $2.09 Canadian dollars, converted to U.S. dollars at the daily average exchange rate of $1.00 to CAD$1.3544 reported by the Bank of Canada on February 10, 2026.
- [F5]The options are fully vested.
- [F6]Represents an exercise price of $4.90 Canadian dollars, converted to U.S. dollars at the daily average exchange rate of $1.00 to CAD$1.3544 reported by the Bank of Canada on February 10, 2026.
- [F7]The remaining restricted stock units are scheduled to vest on February 9, 2027.
- [F8]Represents restricted share units issued pursuant to Digi Power X Inc.'s Restricted Share Unit Plan.
- [F9]The restricted stock units are scheduled to vest in two equal annual installments beginning on December 1, 2026.