Novogratz Michael 4

What Happened

• Michael Novogratz, CEO of Galaxy Digital (GLXY), received an award of 174,262 restricted stock units (RSUs) on February 3, 2026. The Form 4 lists the transaction as an award/grant (code A); no cash price was involved (N/A).
• Each RSU represents the right to receive one share of the Company’s Class A common stock upon vesting. The filing notes a total of 476,871 Class A shares to be delivered in settlement of outstanding RSUs (including this grant and prior awards).

Key Details

• Transaction date: 2026-02-03; Form 4 filed: 2026-02-05 (within the typical two-business-day reporting window).
• Price: N/A (RSU award — not a market purchase or sale).
• Shares reported in this grant: 174,262 RSUs.
• Shares to be delivered upon vesting (per filing): 476,871 Class A shares (aggregate of outstanding RSU awards).
• Vesting notes (from filing):
  • March 27, 2024 grant: 99,000 vest 3/1/2026; 102,000 vest 3/1/2027.
  • March 31, 2025 grant (101,609 RSUs): 33,870 vest 3/1/2026; remainder vest in eight equal quarterly installments thereafter.
  • Feb 3, 2026 grant (174,262 RSUs): 57,506 scheduled to vest 3/1/2027; remainder vest in eight equal quarterly installments thereafter.
• Each RSU equals one share and awards are subject to continued service through each vesting date.

Context

• This was a compensation grant (award of RSUs), not a purchase or sale. RSUs do not convert into actual shares until they vest, so they do not represent immediately tradable stock.
• Such grants are common as executive compensation; they are not direct endorsement or condemnation of the stock by themselves, but they increase potential future insider-held shares if vesting conditions are met.