Galaxy Digital (GLXY) Director Michael Daffey Receives DSU Award

What Happened

• Michael Daffey, a director of Galaxy Digital Inc. (GLXY), was granted 7,866 deferred share units (DSUs) on August 6, 2026. No cash price is reported because this was an award (transaction code A), not an open-market purchase or sale. Each DSU represents the right to receive one share of the company’s Class A common stock upon settlement. The DSUs are scheduled to vest on June 15, 2027 and are subject to continued service through the vesting date.

Key Details

• Transaction date: August 6, 2026; Form 4 filed August 10, 2026 (timely filing).
• Price: N/A (award/grant).
• Award size: 7,866 DSUs granted; each DSU = right to 1 Class A share (per filing).
• Shares owned/settlement notes: The filing states that 13,285 shares of Class A common stock are included to be delivered in settlement of DSU awards (these DSU awards are subject to continued service through their applicable vesting dates).
• Footnotes: F1 notes vesting on June 15, 2027 subject to continued service; F2 confirms one-to-one DSU-to-share conversion; F3 summarizes 13,285 shares to be delivered in settlement of DSU awards.
• Transaction type: Compensation award (derivative/deferred units), not a market buy or sale.

Context

• DSU grants are a form of deferred compensation — they do not provide immediate tradable shares but a future right to receive shares if vesting conditions are met. Such awards are common for directors and do not necessarily indicate an immediate change in insider sentiment to buy or sell stock.
• Because these are contingent on continued service until vesting, the shares will only be delivered if the vesting conditions are satisfied.