Ferraro Christopher C 4
4 · Galaxy Digital Inc. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Galaxy Digital (GLXY) President Christopher Ferraro Withholds 3,891 Shares
What Happened
Christopher C. Ferraro, President and Chief Investment Officer of Galaxy Digital (GLXY), had 3,891 shares of Class A common stock withheld to cover tax obligations when 7,621 restricted share units (RSUs) vested on June 1, 2026. The withheld shares were valued at $29.58 each, totaling approximately $115,096. This is a tax-withholding disposition (code F), a routine administrative action rather than an open-market sale.
Key Details
- Transaction date: June 1, 2026; reported on Form 4 filed June 2, 2026 (appears timely).
- Withheld shares: 3,891 shares at $29.58 per share; total value ≈ $115,096.
- Vesting: 7,621 RSUs vested on June 1, 2026; 3,891 shares withheld for taxes, implying 3,730 net shares were delivered to Ferraro on vesting.
- Holdings note: Filing references 288,806 Class A shares to be delivered in settlement of RSUs (subject to continued service), but the filing does not state Ferraro’s total beneficial ownership after this transaction.
- Footnote(s): F1 = tax withholding on RSU vesting; F2 = outstanding RSUs to be settled; other footnotes in the filing describe vesting schedules and share class voting structure.
- Transaction code: F (payment of exercise price or tax liability) — routine withholding.
Context
Tax-withholding dispositions on RSU vesting are common and typically administrative — they do not necessarily indicate a change in the insider’s view of the company. This filing documents the withholding event (not an open-market sale) and related RSU details for investors tracking insider compensation and share issuance.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-06-01$29.58/sh−3,891$115,096→ 858,292 total
- 81,319
Stock Options
[F3]Exercise: $9.63Exp: 2029-03-27→ Class A Common Stock (81,319 underlying) - 409,271
Stock Options
[F4]Exercise: $11.77Exp: 2030-03-31→ Class A Common Stock (409,271 underlying) - 1,000,000
Stock Options
[F5]Exercise: $4.83Exp: 2028-03-29→ Class A Common Stock (1,000,000 underlying) - 3,411,001
Class B Common Stock
[F6]→ Class A Common Stock (3,411,001 underlying)
Footnotes (6)
- [F1]Represents 3,891 shares of Class A common stock withheld for taxes upon the vesting of 7,621 restricted share units ("RSUs") on June 1, 2026.
- [F2]Includes 288,806 shares of Class A common stock to be delivered in settlement of RSUs, subject to continued service through the applicable vesting date.
- [F3]This option vests over three years from March 1, 2024, with 1/3 vesting on the each of the first three anniversaries of such date, subject to continued service through the relevant vesting date.
- [F4]This option vests over three years from March 1, 2025, with 1/3 vesting on the each of the first three anniversaries of such date, subject to continued service through the relevant vesting date.
- [F5]This option is vested and exercisable until March 29, 2028
- [F6]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.