Galaxy Digital (GLXY) CAO Rico Robert Daniel Exercises Options, Sells Shares

What Happened

• Rico Robert Daniel, Chief Accounting Officer of Galaxy Digital (GLXY), exercised stock options on Aug 6, 2026 to acquire 28,589 shares in three lots and immediately sold 9,095 of those shares in an open-market transaction.
• Exercise details: 710 shares at $4.83 ($3,429); 18,784 shares at $9.63 ($180,890); 9,095 shares at $11.77 ($107,048). Total paid to exercise = $291,367.
• Sale details: 9,095 shares sold at a weighted average price of $19.66 for proceeds of $178,808. The sale was reported as being made to cover taxes in connection with the option exercises (tax withholding).

Key Details

• Transaction date: August 6, 2026; Form 4 filed August 10, 2026 (within the standard two business-day reporting window).
• Acquired (by exercise): 28,589 shares (three option exercises). Disposed (open-market sale): 9,095 shares (weighted avg $19.66; sale prices ranged $19.620–$19.665).
• Net shares retained from these exercises (assuming the sale solely covered taxes): 19,494 shares (28,589 acquired − 9,095 sold).
• Footnotes of note:
  • F2: The sale of 9,095 shares was to cover taxes related to the exercises.
  • F3: The reported sale price is a weighted average; actual trade prices ranged $19.620–$19.665.
  • F1: Separately, 11,797 Class A shares are to be delivered in settlement of restricted stock units subject to future vesting/service.
  • F4–F6: The exercised options and remaining option grants have various vesting schedules (details in footnotes; some options vested and were exercisable through Mar 29, 2028; others vest over three years from Mar 1, 2024 or Mar 1, 2025).
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context

• This was an option exercise followed by a partial open-market sale to satisfy tax withholding — a routine corporate insider practice (often referred to as a partial cashless exercise or sell-to-cover).
• The exercise entries also include corresponding derivative dispositions reported at $0.00, which reflect the conversion/surrender of the option instruments upon exercise.
• These filings are factual disclosures of insider transactions; they do not, by themselves, indicate the insider’s broader market view.