Amar Michel 4

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.