Novogratz Michael 4

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.