Form 4: Digi Power X Director Converts RSUs to Shares

Digi Power X Inc. Director Gerard Rotonda converted 3,333 restricted stock units into subordinate voting shares, increasing his direct beneficial ownership.

Summary

• Director Gerard Rotonda acquired 3,333 Subordinate Voting Shares (SV Shares) of Digi Power X Inc. (DGXX) on February 9, 2026.
• This acquisition resulted from the settlement of restricted stock units (RSUs).
• Following this transaction, Mr. Rotonda directly beneficially owns 16,666 SV Shares.
• Mr. Rotonda also holds various employee stock options to buy a total of 231,666 SV Shares, all of which are fully vested.
• Remaining restricted stock units include 3,334 units scheduled to vest on February 9, 2027, and 20,000 units scheduled to vest in two equal annual installments starting December 1, 2026.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine insider transaction reflecting compensation and continued equity ownership by a director, which is generally a neutral to slightly positive signal of alignment.

Positives

• Director Gerard Rotonda increased his direct beneficial ownership of Digi Power X Inc. by 3,333 Subordinate Voting Shares through the settlement of restricted stock units.
• The director holds a significant number of fully vested employee stock options (231,666 shares), indicating long-term commitment and potential future share acquisitions.

Future Outlook

Remaining restricted stock units are scheduled to vest on February 9, 2027 (3,334 units) and in two equal annual installments beginning on December 1, 2026 (20,000 units), indicating future share issuances to the director.

Industry Context

StockSavvy.ai notes that insider transactions, such as the conversion of restricted stock units, are routine compensation events and typically do not reflect broader industry trends. However, they can signal management's ongoing equity participation and alignment with shareholder interests.

Comparison to Industry Standards

• Not applicable. This Form 4 details an individual insider transaction, which is not typically compared to industry-wide benchmarks or specific competitor projects.

Related Party Transactions

• The settlement of restricted stock units and the holding of employee stock options represent compensation arrangements between Digi Power X Inc. and its director, Gerard Rotonda, which are considered related party transactions in the context of executive compensation.

Stakeholder Impact

• Shareholders: The conversion of RSUs increases the director's direct ownership, potentially aligning his interests more closely with shareholders. It also represents a minor dilution from the issuance of new shares, though this is typically accounted for in compensation plans.
• Employees (specifically Gerard Rotonda): This transaction represents the realization of a portion of his equity compensation.

Next Steps

• Vesting of 3,334 remaining restricted stock units on February 9, 2027.
• Vesting of 20,000 restricted stock units in two equal annual installments beginning on December 1, 2026.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction involving the conversion of restricted stock units into shares and the reporting of existing stock options. While it indicates a director's continued equity participation, it does not provide new fundamental information about the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as this filing alone does not present a compelling reason to buy or sell.

Keywords

Digi Power X Inc., DGXX, Gerard Rotonda, Form 4, SEC filing, insider transaction, restricted stock units, RSU, subordinate voting shares, stock options, beneficial ownership, director