Galaxy Digital (GLXY) CFO Anthony Paquette Exercises Options

What Happened

• Anthony Paquette, Chief Financial Officer of Galaxy Digital (GLXY), exercised stock options on August 6, 2026. He acquired 75,000 shares of Class A common stock by paying $11.77 per share for a total cash outlay of $882,750. The filing also records the related derivative instrument being extinguished (reported at $0).

Key Details

• Transaction date: 2026-08-06. Exercise price paid: $11.77 per share; total cash paid: $882,750.
• Reported entries: one line shows 75,000 shares acquired (cash exercise); a second line reports 75,000 derivative shares disposed at $0 (reflecting conversion of the option).
• Shares owned after transaction: the filing does not state total beneficial ownership; it does note 378,747 shares to be delivered in settlement of restricted stock units (RSUs) that remain subject to continued service/vesting.
• Footnotes: F1 confirms the 75,000 shares were acquired with cash on exercise. F2 notes 378,747 RSUs remain subject to vesting. F3 explains the option award was granted March 31, 2025 and vests over four years (1/4 vesting on each of the first four anniversaries of Dec 26, 2024).
• Filing timeliness: Report filed 2026-08-07 for transactions on 2026-08-06 — appears timely.

Context

• This was a cash exercise of vested stock options (not a cashless or immediate sale), so Paquette acquired and is holding the shares rather than selling them immediately. The exercise converts derivative option rights into common stock; the vesting schedule in the footnote explains when options became exercisable.