SCHEDULE: Novogratz Divests Entire UPEXI Stake

Michael E. Novogratz has reported a complete divestment of his beneficial ownership in UPEXI, INC., now holding 0% of the common stock.

Summary

• Michael E. Novogratz, through entities he controls, no longer beneficially owns shares of UPEXI, INC.
• The filing, an Amendment No. 1 to Schedule 13G, reports 0 shares of common stock beneficially owned by Mr. Novogratz.
• This represents 0% of the 53,792,462 shares of UPEXI, INC. common stock outstanding as of July 21, 2025.
• The shares were previously held of record by Galaxy Digital Trading Cayman LLC (GDTC LLC), a wholly-owned subsidiary within the Galaxy Digital structure controlled by Mr. Novogratz.

Sentiment

Score: 5

Explanation: Neutral. This is a factual report of a change in beneficial ownership, specifically a divestment, which does not inherently convey positive or negative sentiment about the company's operations or future prospects from the filing itself.

Future Outlook

NA

Industry Context

This filing indicates a notable investor, Michael E. Novogratz, known for his involvement in digital assets and financial technology through Galaxy Digital, has exited his position in UPEXI, INC. This action could be interpreted in various ways depending on UPEXI's industry and Novogratz's typical investment thesis, but the filing itself provides no further context.

Stakeholder Impact

• Shareholders might note the exit of a prominent investor, which could influence market perception, though the filing itself does not detail the impact.

Key Dates

Recommendation

Michael E. Novogratz, a well-known investor, has completely divested his beneficial ownership in UPEXI, INC. This exit by a significant investor often signals a lack of confidence in the company's future prospects or a belief that the investment thesis no longer holds, which could be interpreted as a bearish signal for the stock.

Keywords

UPEXI INC, Michael E Novogratz, Schedule 13G, Beneficial Ownership, Divestment, Common Stock, Galaxy Digital