Form 4: Digi Power X Director Boosts Shareholding via RSU Vesting
Insider Transaction Report
Digi Power X Director Adam Rossman acquired 3,333 subordinate voting shares through RSU settlement, increasing his direct ownership to 45,333 shares.
Summary
- Adam Steven Rossman, a Director of Digi Power X Inc. (DGXX), acquired 3,333 Subordinate Voting Shares on February 9, 2026.
- This acquisition resulted from the settlement of Restricted Stock Units (RSUs), where each unit represents a contingent right to receive one subordinate voting share.
- Following this transaction, Mr. Rossman directly beneficially owns a total of 45,333 Subordinate Voting Shares.
- Mr. Rossman also holds various employee stock options, all of which are fully vested, with exercise prices ranging from $1.54 to $5.52 USD.
- Remaining Restricted Stock Units are scheduled to vest on February 9, 2027, and other RSUs are scheduled to vest in two equal annual installments beginning on December 1, 2026.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive signal, as a director increasing their direct shareholding, even through RSU vesting, generally indicates continued commitment and alignment with shareholder interests.
Positives
- Director Adam Rossman increased his direct beneficial ownership of Subordinate Voting Shares by 3,333 units through the settlement of Restricted Stock Units.
- The acquisition of shares through RSU vesting demonstrates continued alignment of management interests with those of shareholders.
Future Outlook
Remaining Restricted Stock Units are scheduled to vest on February 9, 2027. Additionally, other Restricted Stock Units are scheduled to vest in two equal annual installments beginning on December 1, 2026.
Industry Context
StockSavvy.ai notes that Form 4 filings provide transparency into insider ownership changes, which can signal management's confidence in the company's future prospects. The vesting and acquisition of shares by a director is a routine event for compensation but still aligns insider interests with shareholders.
Related Party Transactions
- The acquisition of 3,333 Subordinate Voting Shares by Director Adam Rossman resulted from the settlement of Restricted Stock Units, which are part of the company's compensation plan for insiders.
Stakeholder Impact
- Shareholders: Increased alignment of a director's interests with shareholder value through direct share ownership.
- Employees (specifically the director): Realization of compensation through RSU vesting.
Next Steps
- Remaining Restricted Stock Units are scheduled to vest on February 9, 2027.
- Other Restricted Stock Units are scheduled to vest in two equal annual installments beginning on December 1, 2026.
Key Dates
| Date | Description |
|---|---|
| 07/05/2021 | Date exercisable for an employee stock option to buy 25,000 Subordinate Voting Shares at $2.76. |
| 09/25/2021 | Date exercisable for an employee stock option to buy 16,333 Subordinate Voting Shares at $5.52. |
| 11/17/2021 | Date exercisable for an employee stock option to buy 8,333 Subordinate Voting Shares at $5.52. |
| 12/22/2021 | Date exercisable for an employee stock option to buy 8,333 Subordinate Voting Shares at $3.10. |
| 06/06/2025 | Date exercisable for an employee stock option to buy 5,000 Subordinate Voting Shares at $1.54. |
| 11/19/2025 | Date exercisable for an employee stock option to buy 15,000 Subordinate Voting Shares at $3.62. |
| 01/05/2026 | Expiration date for an employee stock option to buy 25,000 Subordinate Voting Shares at $2.76. |
| 02/09/2026 | Transaction date for the acquisition of 3,333 Subordinate Voting Shares from Restricted Stock Unit settlement. |
| 02/10/2026 | Date the daily average exchange rate of $1.00 to CAD$1.3544 was reported by the Bank of Canada. |
| 02/11/2026 | Signature date of the reporting person, Adam Rossman. |
| 03/25/2026 | Expiration date for an employee stock option to buy 16,333 Subordinate Voting Shares at $5.52. |
| 05/17/2026 | Expiration date for an employee stock option to buy 8,333 Subordinate Voting Shares at $5.52. |
| 06/22/2026 | Expiration date for an employee stock option to buy 8,333 Subordinate Voting Shares at $3.10. |
| 12/01/2026 | Start date for two equal annual installments of RSU vesting. |
| 02/09/2027 | Scheduled vesting date for remaining Restricted Stock Units. |
| 06/06/2030 | Expiration date for an employee stock option to buy 5,000 Subordinate Voting Shares at $1.54. |
| 11/19/2030 | Expiration date for an employee stock option to buy 15,000 Subordinate Voting Shares at $3.62. |
Recommendation
holdThe filing reports a routine insider transaction involving the vesting and acquisition of shares by a director as part of their compensation plan. While it indicates continued alignment of management interests, it does not present new information significant enough to alter an investment thesis or warrant a strong buy or sell recommendation based solely on this filing.
Keywords
Digi Power X, DGXX, Form 4, Insider Transaction, Restricted Stock Units, Employee Stock Options, Director Shareholding, Adam Rossman
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