Form 4: Galaxy Group Investments LLC Reports Charitable Gift of Class B Common Stock
SEC Form 4
Galaxy Group Investments LLC, a 10% owner of Galaxy Digital Inc., reports a charitable gift of 2,750,000 shares of Class B Common Stock to a Donor Advised Fund.
Summary
- On May 19, 2025, Galaxy Group Investments LLC made a charitable gift of 2,750,000 shares of Galaxy Digital Inc.'s Class B Common Stock.
- The shares were donated to a Donor Advised Fund.
- Following the transaction, Galaxy Group Investments LLC directly owns 202,346,000 shares of Class A Common Stock.
- Each share of Class B common stock entitles its holder to one vote.
- Class B common stock is equal to the number of LP Units of Galaxy Digital Holdings LP not held by the issuer or one of its subsidiaries, and such LP Units are redeemable or exchangeable, on a one-for-one basis, for shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing reporting a charitable donation. It doesn't inherently convey positive or negative sentiment regarding the company's performance or outlook.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and significant shareholders. This filing indicates a change in Galaxy Group Investments LLC's holdings of Galaxy Digital Inc. stock.
Stakeholder Impact
- The charitable donation may have a minor impact on the overall shareholder structure, but is unlikely to significantly affect other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 05/19/2025 | Date of transaction: Charitable gift of Class B Common Stock |
| 05/21/2025 | Date of signature on the Form 4 filing |
Keywords
Galaxy Digital Inc., Galaxy Group Investments LLC, Class B Common Stock, Class A Common Stock, charitable gift, Donor Advised Fund, beneficial ownership, Form 4, securities
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