DAFFEY MICHAEL D 4

4 · Galaxy Digital Inc. · Filed May 21, 2026

AI-generated summary of this filing

Updated May 21, 2026

Galaxy Digital (GLXY) Director Michael Daffey Exercises Options, Sells Shares

What Happened

Michael Daffey, a director of Galaxy Digital (GLXY), exercised 250,000 stock options (set to expire May 27, 2026) at $16.54 per share, paying $4,135,000, and disposed of the 250,000 shares issued on exercise the same day.
He sold 171,076 shares at a weighted average price of $28.66 (proceeds $4,902,183) and 78,924 shares at a weighted average price of $29.03 (proceeds $2,291,085), for total sale proceeds of $7,193,268. Net proceeds before taxes/fees were roughly $3.06M (sales minus exercise cost).
This sequence (exercise then sell) is effectively a cashless outcome—common for option exercises and not necessarily a signal of long-term view.

Key Details

Transaction date: May 21, 2026.
Exercise: 250,000 shares acquired at $16.54 each (total $4,135,000). Options were vested and exercisable through May 27, 2026 (F1, F6).
Sales: 171,076 shares at weighted avg $28.66 (range $28.18–$28.99) and 78,924 shares at weighted avg $29.03 (range $28.99–$29.235) (F4, F5). Total sale proceeds: $7,193,268.
Footnotes: F2 notes 5,419 Class A shares to be delivered in settlement of deferred share units. F3 notes the sales correspond to the 250,000 shares issued on exercise and are consistent with a Form 144 filed May 21, 2026.
Shares owned after transaction: not specified in the excerpt provided; 5,419 DSU-settled shares are noted (F2).
Filing timeliness: Report filed May 21, 2026 for transactions on May 21, 2026 (no late filing indicated).

Context

For retail investors: exercising options and immediately selling the resulting shares is common (a cashless exercise) and primarily reflects liquidity from option vesting/expiration rather than a clear buy/sell sentiment about the company.
The filing shows material proceeds but does not, by itself, indicate long-term insider buying or selling intent.

Form 4

Period: 2026-05-21

Director

Transactions

Exercise/Conversion
Class A Common Stock
[F1][F2]
2026-05-21$16.54/sh+250,000$4,135,000→ 1,755,419 total
Sale
Class A Common Stock
[F3][F4][F2]
2026-05-21$28.66/sh−171,076$4,902,183→ 1,584,343 total
Sale
Class A Common Stock
[F3][F5][F2]
2026-05-21$29.03/sh−78,924$2,291,085→ 1,505,419 total
Exercise/Conversion
Stock Options
[F6]
2026-05-21−250,000→ 250,000 total
Exercise: $16.54Exp: 2026-05-27→ Class A Common Stock (250,000 underlying)

Footnotes (6)

[F1]Represents shares of Class A common stock that were issued upon exercise of stock options that were set to expire on May 27, 2026.
[F2]Includes 5,419 shares of Class A common stock to be delivered in settlement of deferred share unit awards.
[F3]Consistent with the Form 144 filed with the SEC on May 21, 2026, the reporting person sold a total of 250,000 shares of Class A common stock that were issued upon exercise of stock options as reported herein.
[F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.18 to $28.99 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
[F5]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.99 to $29.235 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
[F6]The options were vested and exercisable until May 27, 2026.

Signature

/s/ Frances Fuqua, Attorney-in-Fact for Michael Daffey|2026-05-21

2 files