Form 4: Director Alec Amar Sells 27,500 Shares of Digi Power X

Digi Power X Inc. President and Director Alec Amar reported the sale of 27,500 subordinate voting shares at a weighted average price of $3.56.

Summary

• Alec Amar, President and Director of Digi Power X Inc., sold 27,500 subordinate voting shares on May 1, 2026.
• The shares were sold at a weighted average price of $3.56, with individual trade prices ranging from $3.37 to $3.75.
• Following the transaction, Amar retains direct ownership of 1,368,949 shares and indirect ownership of 45,000 shares through Matbrands LLC.
• The transaction was conducted pursuant to a Rule 10b5-1(c) trading plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was conducted under a pre-planned 10b5-1 arrangement, which is a routine administrative action for corporate insiders.

Positives

• The sale was executed under a pre-arranged Rule 10b5-1 trading plan, which typically indicates the sale is for personal liquidity rather than a reaction to non-public information.

Negatives

• Insider selling of 27,500 shares by the company President may be perceived by some investors as a lack of confidence in near-term share price appreciation.

Risks

• The company is subject to currency exchange rate fluctuations between the U.S. dollar and Canadian dollar, which impacts the valuation of derivative securities.

Future Outlook

The filing does not provide forward-looking business guidance, but notes future vesting schedules for existing restricted stock units through February 2027.

Industry Context

StockSavvy.ai notes that insider selling via 10b5-1 plans is a standard practice for executives to manage personal wealth and does not necessarily reflect a change in corporate strategy or outlook.

Comparison to Industry Standards

• The use of Rule 10b5-1 trading plans is a standard corporate governance practice for executives to avoid potential conflicts of interest regarding insider trading regulations.

Stakeholder Impact

• Shareholders should note the reduction in direct holdings by the President, though the remaining stake remains significant.

Next Steps

• Future vesting of restricted stock units scheduled for November 2026, December 2026, and February 2027.

Key Dates

Keywords

Digi Power X, DGXX, Insider Trading, Form 4, Alec Amar, Stock Sale