Director Michael Daffey Files Intent to Sell $7.4M in Galaxy Digital Shares
GLXY sits 75% above its 52-week low of $16.43 on light trading volume (0.3× avg).
Summary
Director Michael Daffey filed intent to sell $7.4 million in Galaxy Digital shares, following a $7.1 million sale yesterday, signaling a notable reduction in his holdings.
Key Events · Ownership and Investor Activity · GLXY
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Director Files Intent to Sell Shares
Director Michael D. Daffey filed a Form 144 to sell 250,000 Class A common shares, valued at approximately $7.4 million, with an approximate sale date of May 22, 2026.
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Follows Recent Share Disposition
This intent to sell follows a disposition of 250,000 shares by Michael Daffey on May 21, 2026, which generated gross proceeds of $7.19 million.
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Significant Insider Selling
The combined recent and proposed sales by a director represent a notable reduction in personal holdings, occurring amidst other recent filings for share resales and an ATM offering by the company.
Analysis · GLXY · Crypto Assets
Director Michael D. Daffey has filed a Form 144 indicating intent to sell 250,000 shares of Galaxy Digital, valued at approximately $7.4 million. This follows a sale of a similar amount of shares by Daffey yesterday, totaling over $7.1 million. This continuous selling activity by a director represents a notable reduction in personal holdings and occurs amidst other recent filings for share resales and an ATM offering by the company.
At the time of this filing, GLXY was trading at $28.77 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $11.2B. The 52-week trading range was $16.43 to $45.92. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.