Amar Alec 4
4 · Digi Power X Inc. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Digi Power X (DGXX) President Amar Alec Sells 25,700 Shares
What Happened
Amar Alec, President and director of Digi Power X Inc. (DGXX), sold 25,700 shares on April 8, 2026 in an open‑market transaction. The shares were disposed at a weighted average price of $2.26 per share for total proceeds of approximately $58,082. This was a sale (not a purchase or option exercise).
Key Details
- Transaction date: April 8, 2026 (reported on Form 4 filed April 9, 2026).
- Price: Weighted average $2.26; executed in multiple trades at prices ranging $2.25–$2.33 (footnote F1).
- Shares sold: 25,700; proceeds ≈ $58,082.
- Shares owned after transaction: Not specified in the extract provided here — consult the full Form 4 for post‑sale holdings.
- Other items on the Form 4: the filing also lists derivative/award details (options and restricted share units) with Canadian dollar exercise prices converted to USD at the April 8, 2026 Bank of Canada rate; some options are noted as fully vested and certain RSUs vest on scheduled future dates (see footnotes F2–F9).
- Timeliness: filing date is April 9, 2026 for an April 8 trade; no late-filing flag indicated in the provided summary.
Context
This entry documents an insider sale, which can be routine (cash needs, diversification, or scheduled selling) and does not by itself indicate the insider’s view of company prospects. The filing notes the sale was executed across multiple trades and reports weighted pricing; for full ownership, vesting and conversion details, refer to the complete Form 4.
Insider Transaction Report
- Sale
Subordinate Voting Shares
[F1]2026-04-08$2.26/sh−25,700$58,082→ 1,341,449 total
- 45,000(indirect: By LLC)
Subordinate Voting Shares
- 365,000
Employee stock option (right to buy)
[F2][F3][F4]Exercise: $1.51From: 2025-06-06Exp: 2030-06-06→ Subordinate Voting Shares - 300,000
Employee stock option (right to buy)
[F5][F3][F4]Exercise: $3.54From: 2025-11-19Exp: 2030-11-19→ Subordinate Voting Shares - 133,334
Restricted Stock Units
[F6][F3][F7]Exercise: $0.00→ Subordinate Voting Shares - 216,667
Restricted Stock Units
[F8][F3][F7]Exercise: $0.00→ Subordinate Voting Shares - 300,000
Restricted Stock Units
[F9][F3][F7]Exercise: $0.00→ Subordinate Voting Shares
Footnotes (9)
- [F1]This transaction was executed in multiple trades at prices ranging from $2.25 to $2.33. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F2]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$1.3851 reported by the Bank of Canada on April 8, 2026.
- [F3]No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
- [F4]The options are fully vested.
- [F5]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$1.3851 reported by the Bank of Canada on April 8, 2026.
- [F6]The remaining restricted share units are scheduled to vest on February 9, 2027.
- [F7]Represents restricted share units issued pursuant to Digi Power X Inc.'s Restricted Share Unit Plan. Each restricted share unit represents a contingent right to receive one subordinate voting share of the issuer as of the vesting date.
- [F8]The restricted share units are scheduled to vest in two equal annual installments beginning on December 1, 2026.
- [F9]The restricted share units are scheduled to vest in three equal annual installments beginning on November 19, 2026.