Christopher C. Ferraro, President and Chief Investment Officer of Galaxy Digital Inc., filed a Form 4 on August 10, 2026, disclosing the exercise of 50,000 stock options and the resulting changes to his beneficial ownership of Class A Common Stock.

Key Highlights

  • Option exercise: Ferraro acquired 50,000 shares of Class A Common Stock on August 10, 2026, via an "M" (exercise) transaction at a price of $4.83 per share.
  • Post-transaction ownership: Following the transaction, Ferraro directly beneficially owned 908,292 shares of Class A Common Stock.
  • RSU component: The 908,292 share total includes 288,806 shares of Class A Common Stock to be delivered in settlement of restricted stock units, subject to continued service through the applicable vesting date.
  • Remaining options: Ferraro holds 950,000 stock options at $4.83 (fully vested, expiring March 29, 2028), 81,319 options at $9.63, and 409,271 options at $11.77, all directly held.
  • Class B derivative position: Ferraro also holds derivative securities tied to Class B Common Stock, which is linked to LP Units of Galaxy Digital Holdings LP exchangeable one-for-one into Class A Common Stock, according to the filing.
  • Signed by attorney-in-fact: The form was signed by Frances Fuqua as Attorney-in-Fact for Christopher Ferraro on August 10, 2026.

Ferraro's Option Exercise and Beneficial Ownership at Galaxy Digital

According to the filing, Christopher C. Ferraro, identified as President and CIO of Galaxy Digital Inc. (GLXY), exercised 50,000 stock options on August 10, 2026, acquiring an equivalent number of Class A Common Stock shares at an exercise price of $4.83 per share. The filing notes these shares were "acquired with cash upon the exercise of 50,000 stock options." The exercised options were fully vested and had an expiration date of March 29, 2028. Following the transaction, Ferraro's direct beneficial ownership of Class A Common Stock stood at 908,292 shares.

The filing further discloses that the 908,292 share total includes 288,806 shares subject to delivery upon the settlement of restricted stock units, contingent on continued service through the applicable vesting dates. Separately, Ferraro retains 950,000 stock options at $4.83, 81,319 stock options at $9.63 (vesting over three years from March 1, 2024), and 409,271 stock options at $11.77 (vesting over three years from March 1, 2025), all held directly.

The filing also describes a Class B Common Stock derivative position. According to the filing, "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," and the number of outstanding Class B shares equals the number of outstanding LP Units of Galaxy Digital Holdings LP not held by the issuer or its subsidiaries, with such LP Units "redeemable or exchangeable, on a one-for-one basis, for shares of Class A common stock." The filing lists 3,411,001 shares of Class A Common Stock as the underlying amount for the Class B derivative position.

What Was Disclosed

The Form 4 filed August 10, 2026, reports that Galaxy Digital's President and CIO exercised 50,000 stock options at $4.83 per share, resulting in direct beneficial ownership of 908,292 Class A shares, and details remaining option grants and a Class B Common Stock derivative position.