Form 4: Michael Novogratz Executes Charitable Gift of GLXY Shares

CEO Michael Novogratz donated 1.65 million shares of Galaxy Digital Class B common stock to a donor-advised fund.

Summary

• Michael Novogratz, CEO and 10% owner of Galaxy Digital, reported a gift of 1,650,000 shares of Class B common stock.
• The transaction occurred on May 13, 2026, via Galaxy Group Investments LLC, an entity controlled by Novogratz.
• The shares were transferred as a bona-fide charitable gift to a donor-advised fund.
• Following the transaction, the reporting person maintains beneficial ownership of 190,465,103 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event; it is a routine philanthropic transaction by an insider that does not reflect a change in operational strategy or market outlook.

Positives

• The transaction represents a philanthropic contribution rather than a market-based divestment.
• The reporting person retains a significant controlling interest in the company.

Negatives

• The reduction in total shares held by the reporting person's controlled entity.

Risks

• Concentration of ownership and control remains high, which may influence corporate governance outcomes.

Future Outlook

No specific forward-looking guidance provided in this ownership disclosure.

Industry Context

StockSavvy.ai notes that insider charitable gifting is a common practice among high-net-worth executives in the digital asset space, typically signaling long-term commitment rather than a lack of confidence in the underlying business.

Comparison to Industry Standards

• The transaction is consistent with standard SEC reporting requirements for executive philanthropic activities.
• The structure of the holding (Class B shares linked to LP units) is standard for companies with an Up-C corporate structure.

Related Party Transactions

• The transaction involved Galaxy Group Investments LLC, an entity controlled by the reporting person.

Stakeholder Impact

• Minimal impact on shareholders as the shares were transferred to a charitable vehicle rather than sold into the open market.

Next Steps

• No future operational milestones or actions were disclosed in this filing.

Key Dates

Keywords

Galaxy Digital, GLXY, Michael Novogratz, Insider Transaction, Form 4, Charitable Gift, Cryptocurrency