Rico Robert Daniel 4

What Happened
Rico Robert Daniel, Chief Accounting Officer of Galaxy Digital, reported exercising 12,000 stock options at $4.83 per share (cost $57,960) on 2026-06-09 and an open-market sale of 19,000 shares at a weighted average price of $31.62 for proceeds of about $600,837. The filing also reports a related derivative conversion/disposition of 12,000 shares with a reported price of $0 (this reflects conversion/settlement treatment of a derivative security, not a cash sale).

Key Details

• Transaction dates: all reported on 2026-06-09; Form 4 filed 2026-06-10 (appears timely).
• Exercise: 12,000 options exercised at $4.83/share — total cost $57,960. Options reported as vested and exercisable until March 29, 2028 (footnote F3).
• Sale: 19,000 shares sold in open market at a weighted average price of $31.62 ($31.59–$31.68 range reported) — total proceeds ~$600,837 (footnote F2).
• Derivative disposition: 12,000 shares reported as disposed at $0 (reflects conversion/settlement of a derivative instrument).
• Post-transaction holdings: not specified in the provided data.
• Other note: Footnote F1 states 11,797 Class A shares will be delivered in settlement of restricted share units, subject to continued service through vesting.

Context

• The entry shows an option exercise plus same-day sales activity. Form 4 separates the exercise (acquisition) and the sale; this can reflect a cash exercise and subsequent market sale or other settlement mechanics.
• Sales by insiders are common and may be for a variety of personal reasons; they do not by themselves indicate company performance. Purchases generally carry more informational weight than sales.

If you want, I can check the full Form 4 text for post-transaction ownership and any additional filing notes.