Rico Robert Daniel 4

What Happened

• Rico Robert Daniel, Chief Accounting Officer of Galaxy Digital, had 161 shares of Class A common stock withheld to satisfy tax withholding upon the vesting of 445 restricted stock units (RSUs) on June 1, 2026. The withheld shares were priced at $29.58 each, a total value of approximately $4,762.
• This was a tax-withholding disposition (transaction code F), not an open-market sale or a purchase—a routine, non-bullish action to cover tax liabilities when equity awards vest. After withholding, 284 shares (445 vested RSUs minus 161 withheld) were likely delivered to the insider.

Key Details

• Transaction date: 2026-06-01; Filing date: 2026-06-02 (timely).
• Withheld shares: 161 @ $29.58 = $4,762 (reported as a disposition for tax withholding).
• RSUs vested on that date: 445 total; net delivered to insider likely 284 shares.
• Additional outstanding RSUs: filing notes 11,797 shares to be delivered in settlement of RSUs, subject to continued service (Footnote F2).
• Transaction code F = tax withholding; this is a routine administrative action, not a directional trade signal.

Context

• Withholding to cover taxes is common when RSUs vest and does not necessarily indicate the insider is selling stock for investment reasons. It is effectively a cashless way to pay payroll taxes by surrendering a portion of vested shares.
• No purchase or open-market sale was reported; the filing reflects settlement mechanics for equity compensation rather than a trade driven by market views.