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Galaxy Digital CEO Michael Novogratz Buys $9.86 Million of Stock

Novogratz's purchases were held through Galaxy Group Funding ECI U LLC, leaving him with 760,000 shares after the trades.

By Zintick Team · Editor: Kratik Mehta
Published

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Key points

  • Novogratz bought 760,000 shares total for $9.86 million, avg $12.9794
  • Two trades on Nov. 5 at $12.694 and $13.632 per share
  • Shares held through Galaxy Group Funding ECI U LLC
  • Stock closed at $12.98, down 35.4% over 20 sessions

Galaxy Digital Chief Executive Michael Novogratz bought about $9.86 million of the company's stock (Nasdaq: GLXY), according to Form 4 filings with the Securities and Exchange Commission that were disclosed Thursday, Nov. 5, 2026.

Novogratz, who is also a director and a 10% owner, made two purchases on Nov. 5. He bought 528,757 shares at $12.694 each, for $6,712,041.36, and 231,243 shares at $13.632 each, for $3,152,304.58. The total was $9.86 million, at an average price of $12.9794 per share. The shares are held through Galaxy Group Funding ECI U LLC, and he held 760,000 shares after the trades. The purchases were not made under a pre-arranged trading plan.

Other insider activity

In the period from Aug. 7, 2026 through the day before these filings, director Douglas R. Deason bought 12,000 shares for $258,432, and director Steven John Bandrowczak bought 5,100 shares for $100,113. Director Medina Rhonda Adams sold 12,000 shares for $197,424, Chief Accounting Officer Robert Daniel Rico sold 9,095 shares for $178,807.70, and Chief Legal Officer Matthew W. Friedrich sold 4,993 shares for $134,960.79 under a pre-arranged trading plan.

Price and company context

The stock closed at $12.98 on Nov. 5, down 35.4% over the 20 sessions before that close. Galaxy Digital reported net income of negative $85.3 million for the quarter ended June 30, 2026, on revenue of $8.56 billion, and held $895.7 million in cash and equivalents as of that date.

The company filed an 8-K on Oct. 27, 2026, containing its results of operations and financial condition.

Sources

Written with AI from insiders' Form 4 filings with the SEC and our market data, and checked against those sources before publishing. Our editorial standards.

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Filings, figures and price history are on the Galaxy Digital page.