Amar Alec 4
4 · Digi Power X Inc. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Digi Power X (DGXX) President Amar Alec Sells 27,500 Shares
What Happened
Amar Alec, President and Director of Digi Power X Inc. (DGXX), sold 27,500 shares on May 1, 2026. The reported weighted-average sale price was $3.56 per share, for total gross proceeds of approximately $97,900. The Form 4 lists the transaction as an open-market or private sale.
Key Details
- Transaction date: May 1, 2026. Filing date (Form 4): May 5, 2026 (filed within the 2-business-day deadline).
- Price details: multiple trades executed at prices ranging from $3.37 to $3.75; $3.56 is the weighted average (see footnote F1). Total proceeds ≈ $97,900.
- Shares owned after transaction: not specified in the excerpt provided.
- Notable footnotes from the filing:
- F1: Multiple trades at $3.37–$3.75; weighted-average price reported; reporter can provide detailed trade-by-trade info on request.
- F2 & F5: Some option exercise prices are stated in Canadian dollars and converted to USD at CAD$1.3611 = $1.00 (Bank of Canada rate, May 4, 2026).
- F4: Options referenced are fully vested.
- F6–F9 and F7: The filing also discloses restricted share units (RSUs) and their vesting schedules; F7 explains each RSU represents a contingent right to one subordinate voting share.
- No indication in this excerpt of a 10% ownership change, gift, tax withholding, or a 10b5-1 plan.
Context
This was a sale by an executive (typically considered a routine disposition rather than a bullish signal). The filing also documents outstanding options and RSUs with vesting schedules and currency-conversion notes; those items are holdings disclosures rather than additional sales. No speculative conclusions about motive should be drawn from the sale alone.
Insider Transaction Report
- Sale
Subordinate Voting Shares
[F1]2026-05-01$3.56/sh−27,500$97,900→ 1,368,949 total
- 45,000(indirect: By LLC)
Subordinate Voting Shares
- 365,000
Employee stock option (right to buy)
[F2][F3][F4]Exercise: $1.54From: 2025-06-06Exp: 2030-06-06→ Subordinate Voting Shares - 300,000
Employee stock option (right to buy)
[F5][F3][F4]Exercise: $3.60From: 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 $3.37 to $3.75. 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$1.3611 reported by the Bank of Canada on May 4, 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$1.3611 reported by the Bank of Canada on May 4, 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.