SCHEDULE: Novogratz, Galaxy Group Disclose 49.9% Stake in Galaxy Digital

Michael E. Novogratz and Galaxy Group Investments LLC report beneficial ownership of nearly 50% of Galaxy Digital Inc.'s Class A Common Stock.

Summary

• Michael E. Novogratz beneficially owns 192,161,415 shares of Galaxy Digital Inc. Class A Common Stock, representing 49.937% of the class.
• This ownership includes 46,312 shares held directly by Novogratz and 192,115,103 shares issuable upon conversion of limited partnership units (LP Units) of Galaxy Digital Holdings LP (GDH LP).
• The 192,115,103 convertible shares are held of record by Galaxy Group Investments LLC (GGI), a Delaware limited liability company controlled by Michael E. Novogratz.
• Galaxy Group Investments LLC (GGI) beneficially owns 192,115,103 shares, representing 49.925% of the Class A Common Stock, primarily through convertible LP Units.
• Shares of Class B Common Stock will be cancelled on a one-for-one basis if a holder redeems or exchanges LP Units.
• The percentage of class is calculated based on 192,695,681 Class A Common Stock shares outstanding as of December 31, 2025, plus the beneficially owned convertible shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of beneficial ownership and does not contain new operational or financial performance information.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that significant insider ownership, such as the nearly 50% stake reported by Michael E. Novogratz in Galaxy Digital Inc., is common in companies where founders maintain substantial control. This level of ownership can signal strong alignment between management and shareholder interests, particularly in the evolving digital asset and blockchain industry where leadership vision is critical.

Stakeholder Impact

• Shareholders: The disclosure confirms significant insider ownership, which can influence perceptions of control and alignment with management.

Key Dates

Keywords

Galaxy Digital Inc., Michael E. Novogratz, Beneficial Ownership, Schedule 13G, Class A Common Stock, Galaxy Group Investments LLC, GDH LP, LP Units, Equity Stake