Novogratz Michael 4

What Happened

• Michael Novogratz, CEO of Galaxy Digital (GLXY), had 8,468 restricted share units (RSUs) vest on June 1, 2026. To cover tax withholding on the vesting, 4,683 shares of Class A common stock were withheld/disposed at $29.58 per share, representing $138,523 (transaction code F — tax withholding).

Key Details

• Transaction date: 2026-06-01; Form filed: 2026-06-02.
• Withheld/disposed: 4,683 shares at $29.58 per share; total value ~$138,523.
• Vesting: 8,468 RSUs vested; 4,683 shares withheld to satisfy tax obligations (footnote F1).
• Outstanding/vesting RSUs: Footnote F2 notes 335,533 shares of Class A common stock remain to be delivered in settlement of RSUs, subject to continued service through vesting dates.
• Transaction code: F (shares withheld for taxes upon vesting) — not an open-market sale or purchase.
• Shares owned after transaction: Not specified in the provided filing.

Context

• This was a routine tax-withholding disposition tied to RSU vesting (a common administrative action), not a discretionary market sale indicating a change in investment view. For retail investors, tax-withholding dispositions generally reflect compensation tax mechanics rather than insider sentiment.