Galaxy Digital CEO Michael Novogratz Withholds 4,683 Shares for Taxes

What Happened
Michael Novogratz, CEO of Galaxy Digital (GLXY), had 8,468 restricted share units (RSUs) vest on September 1, 2026. As a result, 4,683 shares were withheld to cover taxes (reported as a disposition under code F) at $24.60 per share, a value of $115,202. The remaining 3,785 shares from this vesting were delivered to him. This was a routine tax-withholding event tied to RSU settlement, not an open-market sale.

Key Details

• Transaction date: 2026-09-01; filing date: 2026-09-02 (filed next day).
• Transaction: 4,683 shares withheld for taxes (Code F) at $24.60/share = $115,202.
• RSU vesting: 8,468 RSUs vested; net shares delivered from this vesting = 3,785.
• Footnote: F2 notes 327,065 shares of Class A common stock remain to be delivered in settlement of RSUs, subject to continued service through applicable vesting dates.
• Ownership after transaction: the filing does not state total beneficial ownership after this withholding; it records the RSU settlement and withholding only.
• Timeliness: filing appears timely (reported the next day); no 10b5-1 or other trading plan indicated.

Context
This was a tax-withholding disposition related to RSU vesting — a common, administrative insider transaction that reflects payroll tax withholding rather than a discretionary sale. Such withholdings generally don't signal a change in the insider’s view on the company.