Novogratz Michael 4

4 · Galaxy Digital Inc. · Filed May 14, 2026

AI-generated summary of this filing

Updated May 14, 2026

Galaxy Digital (GLXY) CEO Michael Novogratz Gifts 1.65M Shares

What Happened

Michael Novogratz, CEO of Galaxy Digital Inc., made a charitable gift of 1,650,000 shares of Class B common stock on 2026-05-13. The filing reports the disposition as a gift (transaction code G) and lists the price/value as $0 (reflecting a charitable transfer, not a sale).

Key Details

Transaction date: 2026-05-13; filing date: 2026-05-14 (timely filing).
Security: Class B Common Stock (derivative reporting - shares held by an entity controlled by Novogratz).
Amount transferred: 1,650,000 shares; reported disposition value: $0.
Shares owned after transaction: not specified in the filing.
Footnotes of note:
- F1: Each Class B share has one vote; Class B shares reflect LP units that are redeemable/exchangeable one-for-one for Class A shares.
- F2: The transfer is a bona-fide charitable gift to a Donor Advised Fund.
- F3: The shares were held by Galaxy Group Investments LLC, which is controlled by Novogratz.
Filing timeliness: filed the day after the reported transaction; no late filing indicated.

Context

Gifts are disposals for reporting purposes but do not necessarily reflect the insider's view of the company’s stock price; they are commonly used for charitable giving or estate planning.
The shares were held through a controlled entity (Galaxy Group Investments LLC); Class B shares are linked to LP units and convertible to Class A stock on a one-for-one basis per the footnote.

Form 4

Period: 2026-05-13

DirectorChief Executive Officer10% Owner

Transactions

Gift
Class B Common Stock
[F1][F2][F3]
2026-05-13−1,650,000→ 190,465,103 total(indirect: By LLC)
→ Class A Common Stock (1,650,000 underlying)

Footnotes (3)

[F1]Each share of Class B common stock entitles its holder to one vote per share on all matters submitted to a vote of the issuer's stockholders. The number of issued and outstanding shares of Class B common stock is equal to the number of issued and outstanding LP Units of Galaxy Digital Holdings LP not held by the issuer or one of its subsidiaries, and such LP Units are redeemable or exchangeable, on a one-for-one basis, for shares of Class A Common Stock.
[F2]The shares reported in this transaction represent a bona-fide charitable gift to a Donor Advised Fund.
[F3]The shares of Class B Common Stock are held by Galaxy Group Investments LLC, which is controlled by the Reporting Person.

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