Ciullo Paul Anthony 4

What Happened Paul Anthony Ciullo, Chief Financial Officer of Digi Power X Inc. (DGXX), had restricted stock units (RSUs) settle on February 9, 2026. The filing reports an acquisition/conversion of 8,333 shares (RSUs settled into subordinate voting shares) and a simultaneous reported disposition of 8,333 shares at $0.00. The $0.00 disposition is reported as a derivative transaction rather than an open‑market sale.

Key Details

• Transaction date: February 9, 2026 (Form 4 filed February 11, 2026 — filing appears timely under the usual two‑business‑day rule).
• Transactions reported: 8,333 shares acquired via exercise/conversion (RSU settlement); 8,333 shares disposed at $0.00 (reported as derivative).
• Reported consideration: Disposed shares show $0.00 proceeds (not an open‑market cash sale).
• Relevant footnotes: F1 confirms each RSU converts to one subordinate voting share and that the RSUs were settled in SV Shares; F8 notes RSUs issued under the company’s RSU plan; F7/F9 describe remaining RSU vesting schedules.
• Shares owned after the transaction: Not specified in the provided excerpt.

Context This filing reflects RSU settlement rather than a market sale. When a matching number of shares are reported as disposed at $0.00 following RSU settlement, that typically indicates net share settlement or shares withheld to satisfy tax/withholding obligations rather than a cash sale on the open market. This type of transaction is generally administrative (recording of vesting and withholding) and does not necessarily signal a buy/sell decision by the insider.