DEF 14A of Galaxy Digital Inc., Apr 8, 2026

DEF 14A of Galaxy Digital Inc.

Filed Apr 8, 2026 · FY20250001859392-26-000037

Open on EDGAR

  1. Nominees for Director

    Nominees for Director

  2. Nominees for Director

    | | Michael Daffey has served as Chair of our Board since the consummation of the Reorganization Transactions. Mr. Daffey also served as Chair of GDHL’s board of directors from September 2021 to May 2025. He was also a senior advisor to Galaxy from April 2021 to September 2024. Since 2024, Mr. Daffey has also served as the Chairman of Tamesis Partners, a specialist ECM with advisory business with a focus on the traditional mining sector. Mr. Daffey spent over 25 years in the financial services sector at Goldman Sachs. Until 2021, he was a Partner (since 2002), Chairman of the Global Markets Division and a member of the Management Committee at Goldman Sachs, a position he held since 2014. Mr. Daffey built his career in the trading division at Goldman Sachs, rising to top roles, including leading equities sales globally as well as fixed income and foreign exchange sales for Europe, Middle East, and Africa. He also served as a member of Goldman’s European Management Committee, Firmwide Client and Business Standards Committee, and Global Markets Executive Committee. Prior to this, Mr. Daffey was the Global Co-Chief Operating Officer of Goldman’s Equities business. Mr. Daffey holds a bachelor’s degree in economics and finance from the University of New South Wales. | | | We believe Mr. Daffey is qualified to serve on our Board because of his experience in a senior leadership role at a large global financial institution, where he led businesses through several cycles of growth, innovation and transformation. | | | Bill Koutsouras has served as Lead Independent Director of our Board since the consummation of the Reorganization Transactions. Mr. Koutsouras also served as Lead Director on GDHL’s Board from July 2018 to May 2025. From 2011 to 2025, Mr. Koutsouras served as the principal at Kouts Capital, an advisory services company providing assistance to companies with corporate finance and capital markets related transactions including providing strategic advice, introduction to capital providers and transaction structuring and implementation. Previously, Mr. Koutsouras was the Executive Vice President and Chief Financial Officer of Endeavor Financial Corporation, a mining-focused merchant banking business. Mr. Koutsouras is also a Chartered Professional Accountant and Chartered Financial Analyst and a member of the Chartered Professional Accountants of Canada and the CFA Institute. Mr. Koutsouras holds a bachelor’s degree in Economics from the University of Toronto. | | | We believe that Mr. Koutsouras is qualified to serve as a member of our Board because of his prior public company experience, extensive financial background, including in leadership positions, assisting companies with financing and strategic advice. | | | Rhonda Adams-Medina has served on our Board since the consummation of the Reorganization Transactions. Ms. Medina also served on the Board of Managers of Galaxy Digital Holdings GP LLC from September 2020 to May 2025. Ms. Medina is the Global Head of Business Affairs at Audible, Inc. (an Amazon company) and has been with Audible, Inc. since 2022, initially as the Head of Content Legal. Prior to Audible, Ms. Medina was Director of Business and Legal Affairs at Netflix since January 2019. Prior to Netflix, Ms. Medina was the Vice President, Business and Legal Affairs, at NBC Universal Kids for two years and spent 17 years at Nickelodeon, most recently as Senior Vice President and Deputy General Counsel. Ms. Medina previously served on the boards of the Princeton Medical Center Foundation; McCarter Theatre Center; and the advisory councils of Princeton University’s Department of African American Studies and Harvard Law School’s Charles Hamilton Houston Institute for Race and Justice. She is an emeritus advisory board member of the United Nations Foundation’s Girl Up campaign. Ms. Medina has a bachelor’s degree in East Asian Studies from Princeton University and a Juris Doctorate from Harvard Law School. | | | We believe that Ms. Adams-Medina is qualified to serve on our Board because of her long tenure at Fortune 100 innovators and deep experience with governance, complex transactions and managing risks. |

  3. Nominees for Director

    | | Douglas Deason has served on our Board since July 2025. Mr. Deason has been the President of Deason Capital Services, LLC, a private investment firm, since 2009. Prior to that, Mr. Deason served as Chief Executive Officer of Precept Builders, Inc., a nation-wide commercial builder, from 1993 to 2009. Mr. Deason serves on the boards of Great American Media (Chairman); Ryan, LLC; and Park Cities Financial Group (parent of Dallas Capital Bank). In addition, Mr. Deason serves on the executive board of the Bobby Lyle School of Engineering at Southern Methodist University (SMU); the boards of the Texas Public Policy Foundation and the Lone Star Justice Alliance; and the advisory board of MD Anderson Cancer Center. Mr. Deason also serves as the Chairman of the advisory boards of the Institute for Cyber Security and the Deason Center for Criminal Justice Reform at the Dedman School of Law, both at SMU. Mr. Deason holds a degree in data processing quantitative analysis (computer science) from the University of Arkansas. | | | We believe that Mr. Deason is qualified to serve on our Board because of his decades of experience across financial services, real estate, and public markets. | | | Jane Dietze has served on our Board since the consummation of the Reorganization Transactions. Ms. Dietze also served as a member of GDHL’s board of directors from March 2022 to May 2025. Since 2018, Ms. Dietze has served as Chief Investment Officer and Vice President of Brown University. Previously, Ms. Dietze was the Director of Private Equity at Bowdoin College and Managing Director of Credit Funds at Fortress Investment Group, a global investment management firm. Before that, Ms. Dietze was a General Partner in venture capital funds at Nextpoint Partners, an early-stage, technology-focused fund, and Columbia Capital Corporation, an IT and communications-focused private equity fund, where she was a member of the Investment Committees and held board roles in over a dozen companies. Prior to her experience in venture capital, Ms. Dietze began her career as an analyst in the Mergers and Acquisitions Department of Goldman Sachs & Co., founded and sold a software company, and spent several years working in Russia and Central Europe as an Investment Officer at the International Finance Corporation, the private investment arm of the World Bank. Ms. Dietze holds a bachelor’s degree in politics from Princeton University and a master’s degree in international economics and Russian studies from the Johns Hopkins School of Advanced International Studies. She has also served on the board of directors of Strategy Inc. since December 2024, the Wenner-Gren Foundation since 2022 and the Investment Committee of the National Geographic Society since December 2021. | | | We believe Ms. Dietze is qualified to serve on our Board because of her background and experience in senior financial services roles, including in endowments, investment management firms and venture funds, as well as her experience serving on various companies’ boards. | | | Michael Novogratz is the founder of Galaxy and has served as Galaxy’s Chief Executive Officer since December 2017 and on our Board since the consummation of the Reorganization Transactions. Mr. Novogratz also served as Chairman of GDHL from July 2018 until September 2021 and as a director of GDHL from July 2018 to May 2025. Prior to founding Galaxy, Mr. Novogratz founded Galaxy Investment Partners, a family office. Prior to that, in 2002 he joined Fortress Investment Group LLC where he served as a Partner and President until January 4, 2016. Before Fortress, Mr. Novogratz spent 11 years at Goldman Sachs, where he was elected Partner in 1998. Mr. Novogratz served on the New York Federal Reserve’s Investment Advisory Committee on Financial Markets from 2012 to 2015. Mr. Novogratz holds a bachelor’s degree in Economics from Princeton University and served as a helicopter pilot in the United States Army. He is on the board of directors for Beat the Streets, Inc., the Jazz Foundation of America, the Bail Project and the REFORM Alliance. | | | We believe Mr. Novogratz is qualified to serve as a member of our Board because of his perspective, experience and thorough knowledge of our business and the cryptoeconomy as our Founder and Chief Executive Officer. |

  4. Non-Employee Director Compensation Arrangements

    Non-Employee Director Compensation Arrangements Compensation for independent and non-employee directors consists of a combination of DSUs and cash. DSUs granted as compensation are subject to vesting and, to the extent any dividends are paid on Company shares, can receive dividend equivalents in the form of additional DSUs subject to the same vesting terms as the underlying DSUs, without voting rights. DSUs are subject to a grant agreement and the Amended and Restated Galaxy Digital Inc. Long Term Incentive Plan (the “LTIP”). The goal of granting DSUs, both the initial grant and the annual grant, continues to be to increase each independent and non-employee director’s ownership in the Company to encourage long-term focus. Cash payments are made on a quarterly basis in arrears, although independent and non-employee directors may elect, subject to, and in accordance with, the terms of the LTIP and any applicable Company stock ownership guidelines, to receive a portion of their cash compensation (but no less than 50%) in the form of fully vested DSUs and any related dividend equivalents in respect of such elected DSUs are similarly fully vested. We do not pay management directors for service on our Board. Our Compensation Committee, after considering the information, analysis, and recommendation provided by our independent compensation consultant, Semler Brossy Consulting Group (“Semler Brossy”), including data regarding compensation paid to non-employee directors by companies in our peer group, evaluates the appropriate level and form of compensation for non-employee members of our Board and recommends changes to our director compensation program to our Board to remain competitive and when appropriate. The Compensation Committee engaged Semler Brossy in 2022 to provide a board of directors compensation market assessment (the “2022 Compensation Study”). In the 2022 Compensation Study, Semler Brossy provided information on director pay practices across the three primary references groups mentioned above along with larger companies that Galaxy competes with for additional reference. The 2022 Compensation Study was used to inform our understanding of our director compensation program’s external competitiveness. In 2025, the Compensation Committee assessed our non-employee director compensation, and, based on input from Semler Brossy and the 2022 Compensation Study, recommended (and our Board subsequently approved): •an increase in the total value of DSUs granted (i) annually to each director from $100,000 to $150,000 per year and (ii) in connection with a director’s initial appointment from $300,000 to $500,000; and •an increase in the annual cash retainer from $50,000 to $75,000.

  5. 2025 Director Compensation

    2025 Director Compensation The following table provides information for 2025 regarding all compensation awarded to, earned by, or paid to each person who served as a director for some portion or all of 2025, other than Mr. Novogratz, our Chief Executive Officer. Mr. Novogratz is not included in the table below as he is an employee and receives no compensation for his service as a director. The compensation received by Mr. Novogratz as an employee is set forth in the section titled “Executive Compensation” below.

  6. 2025 Director Compensation

    | Name | Fees Earned or Paid in Cash ($)(1) | Stock Awards ($)(2)(3) | Total ($) | | Michael Daffey | 37,500 | 150,000 | 187,500 | | Bill Koutsouras | 125,000 | 150,000 | 275,000 | | Rhonda Adams-Medina | 85,000 | 150,000 | 235,000 | | Douglas Deason | 40,000 | 650,000 | 690,000 | | Jane Dietze | 92,500 | 150,000 | 242,500 | | Richard Tavoso | 107,500 | 150,000 | 257,500 |

  7. 2025 Director Compensation

    _________________ (1)Represents amounts paid in respect of Board service in 2025. For Mr. Daffey, amount reflects compensation paid following April 2025 when he became eligible under our non-employee director compensation program. (2)The amounts reported in this column represent the aggregate grant date fair value of 5,419 DSUs granted to each of the directors on August 6, 2025, except for Mr. Deason, who received an additional 18,063 DSUs as his Initial Award Amount, as computed in accordance with Financial Accounting Standards Board Accounting Standards Codification, Topic 718 (“ASC 718”). These amounts reflect the accounting cost for these DSUs and do not represent the actual economic value that may be realized by the director. For information on the assumptions used to calculate the grant date fair value of the DSUs, refer to Note 21 to our consolidated financial statements included in our Annual Report. (3)The number of DSUs held as of December 31, 2025 by each non-employee director was as follows:

  8. 2025 Director Compensation

    | Name | Number of DSUs | | Michael Daffey | 5,419 | | Bill Koutsouras | 62,886 | | Rhonda Adams-Medina | 62,886 | | Douglas Deason | 23,482 | | Jane Dietze | 80,064 | | Richard Tavoso | 62,886 |

  9. ELECTION OF DIRECTORS

    ELECTION OF DIRECTORS

  10. Nominees for Director

    Nominees for Director At the recommendation of our Nominating and Corporate Governance Committee, our Board proposes that each of Michael Daffey, Bill Koutsouras, Rhonda Adams-Medina, Douglas Deason, Jane Dietze and Michael Novogratz be elected at the Annual Meeting with each to serve for a one-year term expiring at our 2027 annual meeting of stockholders and until such director’s successor is duly elected and qualified or until such director’s earlier death, resignation, disqualification, or removal. Each of the director nominees is a current director of our Company. For more information concerning the nominees, see the section titled “Board of Directors and Corporate Governance—Nominees for Director.” If any nominee for any reason is unable to serve or for good cause will not serve, the proxies may be voted for such substitute nominee as the proxy holder might determine. Each nominee has consented to being named in this Proxy Statement and to serve if elected. Proxies may not be voted for more than six directors. Stockholders may not cumulate votes for the election of directors.

  11. Nominees for Director

    | | Our Board recommends that you vote “FOR ALL” nominees in the election of each of the six director nominees. |

  12. Overview of Annual Compensation Elements

    Overview of Annual Compensation Elements The Company’s compensation philosophy is that an executive officer’s compensation should be based on our overall performance, the line of business/team performance and such individual’s performance. Total compensation consists of a base salary and a bonus comprised of a combination of cash and/or equity incentives. The compensation package is designed to reward performance based on the achievement of these performance goals and objectives and to be competitive with comparable companies in the market in which we compete for talent. While we emphasize performance-based compensation, we do not maintain specific policies or programs that prescribe a specified mix among base salary, short-term cash bonuses and longer-term cash or equity incentives that we target. Our executive compensation program is comprised of competitive base salaries, an annual performance-based cash bonus program and equity awards with multi-year vesting, as described further in the table below and what we refer to as each employee’s “Per Annual Total Compensation” or PATC.

  13. Overview of Annual Compensation Elements

    | Compensation Element | Characteristics | Purpose | 2025 Annual PATC | | Base Salary | Annual Fixed Cash | Provides predictable level of income that is competitive with external market | For 2025, Named Executive Officers received the following base salaries: $500k for our Chief Executive Officer and President and $400k for our Chief Financial Officer, Chief Operating Officer and Chief Legal Officer | | Annual Variable Compensation | Equity-Based: RSUs | Provides both motivation and retention for our executives to achieve longer-term performance as well as strategic and operational objectives. Further aligns our executives’ interests and those of our stockholders. | For 2025, each Named Executive Officer received a portion of their annual variable compensation in multi-year vesting RSUs | | | Equity-Based: Options | Motivates and rewards achievement of increasing stockholder value. Direct pay-for-performance link. | For 2025, select Named Executive Officers received a portion of their annual variable compensation in multi-year vesting options | | | Cash | Motivates and rewards achievement of Company performance as well as strategic and operational objectives. | For 2025, each Named Executive Officer received a portion of their annual variable compensation in the form of a cash bonus |

  14. Overview of Annual Compensation Elements

    In addition to PATC, we may reserve additional RSUs, stock options and cash-settled SARs to be issued to high performing executive officers, with the goals of (i) rewarding strong in-year performance and (ii) aligning our future leaders more closely to our partners and stockholders. These special grants are in recognition of the significant work that employees have done over the last year to contribute to our overall success. No special grants were made to Named Executive Officers in 2025. In 2025, the Compensation Committee approved one-time sign-on grants in connection with the commencement of employment of Messrs. Paquette and Friedrich. Grants under the LTIP are generally correlated to individual performance, team performance and our performance. There are no specific performance goals included in our compensation program at this time. While inclusion of performance-based equity awards has been contemplated, (i) the establishment of accurate, long-term performance criteria has proven challenging given the lifecycle stage of the Company and market volatility in our sector and (ii) performance-based vesting equity awards have been historically limited to grants made in connection with acquisitions. The Company believes stock option grants, RSUs and SARs that vest based on service requirements are effective in providing the direct alignment between company performance, pay outcomes and stockholder value creation. We will continue to evaluate the inclusion of performance-based equity awards as part of our compensation program.

  15. Role of the Compensation Consultant

    Role of the Compensation Consultant The Compensation Committee recognized, and the Compensation Committee continues to recognize, the importance of using an independent compensation consulting firm that is appropriately qualified and provides services solely to our Board and its committees. In 2025, the Compensation Committee retained Semler Brossy to act as independent compensation consultant to the Compensation Committee. Semler Brossy provided input on several analyses and subject matters including: (i) compensation committee processes and trends; (ii) assistance with public disclosures; and (iii) other executive compensation matters generally. Previous work Semler Brossy completed for the Compensation Committee includes: (i) the establishment of peer group references which focused on three primary groups: (1) financial services companies; (2) broader technology companies; and (3) general industry survey data; (ii) market data and analysis for the Named Executive Officers; (iii) approaches to Chief Executive Officer/Founder pay philosophies; (iv) an executive and director stock ownership guideline market study; and (v) a director pay market study. Our Compensation Committee determined that Semler Brossy had no conflicts of interest in providing services to the Compensation Committee and was independent. In fiscal 2025, Semler Brossy did not provide any services to us other than the services provided to our Compensation Committee.

  16. Annual Cash Performance Bonuses

    Annual Cash Performance Bonuses As described above in “—Overview of Structured Discretion Framework” and “—Named Executive Officer Compensation,” our Compensation Committee reviews our key performance areas to assess each Named Executive Officer’s performance in fiscal year 2025, including in connection with determining annual discretionary cash bonus opportunities for our executive officers. Based on a review of each Named Executive Officer’s individual performance and contributions to the Company for 2025 with consideration given for individual contributions to work performed in 2025, the Compensation Committee determined to provide the Named Executive Officers with the annual bonus amounts set forth in the table below with respect to the 2025 fiscal year. Specifically, the Compensation Committee considered the Named Executive Officers’ contribution toward the continued integration of the various transactions related to the reorganization of the Company and the ongoing extensive demands placed on these executive officers throughout the year with respect to other current projects and operations of the Company.

  17. Annual Cash Performance Bonuses

    | Name | 2025 Annual Bonus ($) | | Michael Novogratz | 2,920,400 | | Anthony Paquette | 2,037,800 | | Christopher Ferraro | 2,920,400 | | Erin Brown | 2,037,800 | | Matthew Friedrich | 1,723,500 |

  18. Equity Compensation: Stock Option and RSU Awards to Named Executive Officers

    Equity Compensation: Stock Option and RSU Awards to Named Executive Officers For 2025, each Named Executive Officer received a portion of their annual variable compensation in multi-year vesting RSUs and stock options. These long-term incentives represent a significant portion of the Named Executive Officers’ total executive pay and are designed to align executive officers’ interests with stockholder interests, promote retention through the reward of long-term company performance, and encourage ownership in the Company’s stock. We have granted stock options and RSUs to our employees, including our Named Executive Officers, in order to attract and retain them, as well as to align their interests with the interests of our stockholders. The magnitudes of equity awards granted to our Named Executive Officers are based on a review of market data from our peer group, and take into account individual executive performance for the prior fiscal year and existing equity awards, with a goal of providing a competitive market position and incentives for our executives to maintain a focus on long-term growth and company achievements. In March 2025, we granted annual equity awards to our Named Executive Officers, other than Mr. Friedrich, under our annual variable compensation program in the form of RSUs and stock options to purchase shares of our common stock. With respect to Mr. Paquette, such equity awards represented one-time sign-on RSUs and stock options in connection with his commencement of employment as Chief Financial Officer in January 2025, in addition to his annual equity awards. Additionally, in September 2025, in connection with his commencement of employment as Chief Legal Officer, we granted Mr. Friedrich one-time sign-on RSUs and stock options. We use a mix of performance-based cash bonuses and time-based RSUs and stock options to reward and retain our Named Executive Officers and align their incentives with those of our stockholders. The equity awards granted to our Named Executive Officers in 2025 were as follows:

  19. Equity Compensation: Stock Option and RSU Awards to Named Executive Officers

    | | RSU Awards | | Option Awards | | | Name | Number of RSUs Granted (#) | Grant Date Fair Value of RSUs ($) | Number of Options Granted (#) | Grant Date Fair Value of Options ($) | | Michael Novogratz | 101,609 | 1,102,265 | 409,271 | 3,078,086 | | Anthony Paquette | 375,000 | 4,068,038 | 975,000 | 7,049,295 | | Christopher Ferraro | 91,448 | 992,037 | 409,271 | 3,078,086 | | Erin Brown | 52,837 | 573,181 | 272,847 | 2,052,055 | | Matthew Friedrich | 240,000 | 5,637,600 | 300,000 | 4,811,581 |

  20. Equity Compensation: Stock Option and RSU Awards to Named Executive Officers

    The annual equity awards, granted to Messrs. Novogratz and Ferraro, and Ms. Brown in fiscal year 2025, generally vest over a three-year period, subject to continued service through the applicable vesting date. The stock options vest in three substantially equal installments on the first, second and third anniversary of the vesting commencement date (March 1, 2025). The RSUs vest over a three year period, with 33% vesting on the first anniversary of the vesting commencement date and the remainder in eight substantially equal quarterly installments thereafter. The one-time sign-on equity awards, granted to Messrs. Paquette and Friedrich in fiscal year 2025, generally vest over a four-year period, subject to continued service through the applicable vesting date. Mr. Paquette’s stock options vest in four substantially equal installments on the first, second, third and fourth anniversary of the vesting commencement date (December 26, 2024). Mr. Friedrich’s stock options vest in four substantially equal installments on the first, second, third and fourth anniversary of the vesting commencement date (September 8, 2025). Additionally, one-third of the stock options granted to Messrs. Paquette and Friedrich were each awarded with different exercise prices ranging from the fair market value of our Class A common stock on the grant date to (i) for Mr. Friedrich, $10 above the fair market value on the grant date and (ii) for Mr. Paquette, C$6.00 above the fair market value on the grant date. The RSUs vest in four substantially equal installments on the first, second, third and fourth anniversary of the vesting commencement date (September 8, 2025 for Mr. Friedrich and December 26, 2024 for Mr. Paquette).

  21. Executive Employment Agreements

    Executive Employment Agreements Michael Novogratz is party to an ongoing employment agreement with GDS LLC setting forth the terms and conditions of his employment, which provides for a base salary of $400,000 and eligibility to receive annual cash incentive compensation as determined by our Board. Mr. Novogratz’s agreement includes provisions regarding confidentiality, non-competition and non-solicitation, as well as an intellectual property assignment to GDS LLC and a non-disparagement obligation. In addition to general terms of non-competition, during his employment, all of Mr. Novogratz’s businesses and investments relating to cryptocurrencies and digital assets are to be run, operated and held solely by and through GDS LLC, except for a de minimis amount through passive investments. The employment agreement with Mr. Novogratz provides for the termination of his employment for reasons of cause, good reason or any other reason. In the event that Mr. Novogratz’s employment is terminated without cause or for good reason, he is entitled to (i) accrued and unpaid base salary and vacation earned through the date of termination and (ii) payment of Mr. Novogratz’s base salary for a period of twelve months following the date of termination upon timely execution, delivery and non-revocation of a release of claims in favor of the Company (the “Release Requirement”). In connection with a termination for any other reason, Mr. Novogratz is entitled to accrued and unpaid base salary through the date of termination. Effective January 31, 2019, Mr. Novogratz agreed to accept no salary and did not receive a salary in the years ended December 31, 2020 through 2023. For the year ended December 31, 2024 and 2025, our Board re-instated a base salary of $500,000 for Mr. Novogratz. If Mr. Novogratz’s employment is terminated by the Company for cause or by Mr. Novogratz for good reason, the termination date is the date any applicable cure period expires (unless the applicable condition is cured). If Mr. Novogratz is terminated by Galaxy for any reason other than for cause, death or disability, the offer letter requires 60 days’ notice prior to the date of termination. Anthony Paquette GDS LLC entered into an offer letter with Anthony Paquette that sets forth the terms and conditions of his employment initially as Managing Director, Head of Finance (noting that, upon his appointment by our Board, his title became Chief Financial Officer as of January 1, 2025). The offer letter provides for a base salary of $400,000, eligibility to receive a discretionary annual bonus to be paid in cash or equity incentive grants in Galaxy’s discretion with a 2025 fiscal year target of $1,600,000, and eligibility to participate in the employee benefit plans of GDS LLC. Mr. Paquette also received sign-on equity incentive grants of (i) 375,000 RSUs, (ii) 300,000 options with an exercise price equal to the applicable market price on the grant date, (iii) 325,000 options with an exercise price equal to the applicable market price plus C$3.00 and (iv) 350,000 options with an exercise price equal to the applicable market price plus C$6.00. Each sign-on equity incentive grant will vest over four years in four equal annual installments, subject to continued employment (except for partial acceleration of vesting upon certain terminations of employment, subject to Mr. Paquette’s compliance with the Release Requirement). Any unvested equity incentive award portion of any discretionary annual performance bonus that was paid in the form of an equity incentive award will immediately vest upon a termination by Galaxy without cause (excluding death or disability) or if Mr. Paquette resigns for good reason, subject to Mr. Paquette’s compliance with the Release Requirement. Mr. Paquette is also party to a restrictive covenant agreement with a confidentiality provision, an intellectual property assignment to Galaxy, GDH LP and its consolidated subsidiaries, a non-disparagement obligation and covenants regarding non-competition and non-solicitation. The offer letter also requires 90 days’ notice prior to resignation. Christopher Ferraro On July 31, 2018, GDS LLC provided Christopher Ferraro with an offer letter setting forth the terms and conditions of his employment as Head of Principal Investments, which provides for a base salary of $400,000, a target discretionary annual performance bonus (but with a minimum annual bonus guarantee for 2018), options and equity in the amounts described in this Proxy Statement and eligibility to participate in employee benefit plans of GDS LLC. Mr. Ferraro’s offer letter includes provisions regarding non-competition and non-solicitation. Mr. Ferraro is also party to a confidentiality agreement with an intellectual property assignment to Galaxy, GDH LP and its consolidated subsidiaries and a non-disparagement obligation. The letter also requires 90 days’ notice prior to Mr. Ferraro’s resignation. Subsequent to the offer letter, Mr. Ferraro’s base salary was decreased to $300,000 beginning February 24, 2020 for that year as a result of cost-saving measures in which most of the senior management team agreed to reduce salaries. Beginning January 1, 2021, Mr. Ferraro’s salary was increased to $500,000 for consistency with other members of senior management. Mr. Ferraro’s title changed to President and Chief Investment Officer and manager of GDH GP in conjunction with Damien Vanderwilt’s termination of employment in February 2023. Erin Brown On April 14, 2021, GDS LLC provided Erin Brown with an offer letter (as amended pursuant to a letter agreement dated as of October 20, 2021) setting forth the terms and conditions of her employment as Managing Director, COO and Executive Committee Member, which provides for a base salary of $400,000, eligibility to receive a discretionary annual bonus, and eligibility to participate in the employee benefit plans of GDS LLC. Ms. Brown also received sign-on equity incentive grants. Ms. Brown’s offer letter includes provisions regarding non-competition and non-solicitation. Ms. Brown is also party to a confidentiality agreement with an intellectual property assignment to Galaxy, GDH LP and its consolidated subsidiaries and a non-disparagement obligation. The offer letter also requires 90 days’ notice prior to resignation. Matthew Friedrich

  22. Executive Employment Agreements

    On August 4, 2025, GDS LLC provided Matthew Friedrich with an offer letter setting forth the terms and conditions of his employment as General Counsel, which provides for a base salary of $400,000, eligibility to receive a discretionary annual bonus (but with a minimum annual bonus guarantee for 2025), and eligibility to participate in the employee benefit plans of GDS LLC. Mr. Friedrich also received sign-on equity incentive grants of (i) 240,000 RSUs, (ii) 100,000 options with an exercise price equal to the applicable market price on the grant date, (iii) 100,000 options with an exercise price equal to the applicable market price plus $5.00 and (iv) 100,000 options with an exercise price equal to the applicable market price plus $10.00. Each sign-on equity incentive grant will vest over four years in four equal annual installments, subject to continued employment (except for partial acceleration of vesting upon certain terminations of employment, subject to Mr. Friedrich’s compliance with the Release Requirement). Any unvested equity incentive award portion of any discretionary annual performance bonus that was paid in the form of an equity incentive award will immediately vest upon a termination by Galaxy without cause (excluding death or disability) or if Mr. Friedrich resigns for good reason, subject to Mr. Friedrich’s compliance with the Release Requirement and, in each case, if such date occurs prior to the date Mr. Friedrich is eligible to retire). Mr. Friedrich’s offer letter includes provisions regarding non-competition and non-solicitation. Mr. Friedrich is also party to a confidentiality agreement with an intellectual property assignment to Galaxy, GDH LP and its consolidated subsidiaries and a non-disparagement obligation. The offer letter also requires 90 days’ notice prior to resignation.

  23. Equity Award Grant Practices

    Equity Award Grant Practices We grant equity awards on an annual basis and may grant equity awards on a discretionary basis in connection with certain events such as the commencement of employment, promotion, or the closing of an acquisition. We do not grant awards in anticipation of the release of material nonpublic information, and we do not time the release of material nonpublic information for the purpose of affecting the value of executive compensation.

  24. 2025 Summary Compensation Table

    2025 Summary Compensation Table The following table provides information concerning compensation awarded to, earned by or paid to each of our Named Executive Officers for all services rendered in all capacities during the years ended December 31, 2023, 2024, and 2025. Mr. Friedrich and Mr. Paquette both commenced employment at the Company as our Chief Legal Officer and our Chief Financial Officer, respectively, in 2025, so summary compensation information for each is only provided for 2025.

  25. 2025 Summary Compensation Table

    | Name and Principal Position | Year | Salary ($) | Bonus ($)(1) | Stock Awards ($)(2)(3) | Option Awards ($)(2)(3) | All Other Compensation ($)(4) | Total ($) | | Michael Novogratz Chief Executive Officer and Director | 2025 | 500,000 | 2,920,400 | 1,102,265 | 3,078,086 | 50,976 | 7,651,727 | | | 2024 | 500,000 | 3,000,000 | 2,808,567 | — | 10,557 | 6,319,124 | | | 2023 | — | — | — | — | 3,392 | 3,392 | | Anthony Paquette Chief Financial Officer | 2025 | 400,000 | 2,037,800 | 4,068,038 | 7,049,295 | 47,949 | 13,603,082 | | Christopher Ferraro President and Chief Investment Officer | 2025 | 500,000 | 2,920,400 | 992,037 | 3,078,086 | 47,898 | 7,538,421 | | | 2024 | 500,000 | 2,700,000 | 1,685,140 | 516,914 | 10,544 | 5,412,599 | | | 2023 | 500,000 | 1,800,000 | 599,226 | 2,195,050 | 9,900 | 5,104,176 | | Erin Brown Chief Operating Officer | 2025 | 400,000 | 2,037,800 | 573,181 | 2,052,055 | 13,194 | 5,076,230 | | | 2024 | 400,000 | 1,560,000 | 1,039,170 | 1,033,822 | 10,350 | 4,043,342 | | | 2023 | 400,000 | 1,110,000 | 732,481 | 2,195,050 | 9,900 | 4,447,431 | | Matthew Friedrich Chief Legal Officer | 2025 | 125,897 | 1,723,500 | 5,637,600 | 4,811,581 | 3,777 | 12,302,355 |

  26. 2025 Summary Compensation Table

    __________________ (1)The amounts reported in this column reflect the annual cash performance bonuses paid to the Named Executive Officers for the applicable fiscal year. Annual cash performance bonuses are discretionary, earned and paid based on the achievement of applicable company and individual performance goals, as determined by our Compensation Committee and our Board. The amounts reported in this column reflect the annual cash performance bonuses paid to the Named Executive Officers with respect to performance for the applicable fiscal year, even if actually paid in the following year. (2)The amounts reported in these columns represent the aggregate grant date fair value (as described in further detail below) of the awards of RSUs and non-qualified stock options granted to each of the Named Executive Officers, including one-time sign-on RSUs and stock options granted to Messrs. Paquette and Friedrich in connection with their commencement of employment, in each case, during the applicable fiscal year under the LTIP and Galaxy Digital Inc. Amended and Restated Stock Option Plan. The grant date fair value was calculated in accordance with FASB ASC Topic 718, excluding the effect of estimated forfeitures. Amounts reported do not reflect the actual economic value that may be realized by the applicable Named Executive Officers. We use the Black-Scholes option pricing model to calculate the fair value of option-based awards. (3)These amounts are based on the fair value of the awards at the date of grant, as described in footnote (2). Such information does not reflect the current fair value of the awards and, as a result, the amounts reported do not reflect the actual economic value realized by the applicable Named Executive Officer. (4)The amounts reported in this column reflect, for each of the Named Executive Officers, (i) company contributions under the GDS LLC 401(k) Plan; (ii) health care premiums paid by an affiliate of GDHL under the enhanced coverage portion of our fully insured health and welfare plan (which plan is otherwise available to all our employees) and imputed value of a financial coaching service for those who take advantage.

  27. 2025 Grants of Plan-Based Awards Table

    2025 Grants of Plan-Based Awards Table The following table sets forth information with respect to plan-based awards granted to our Named Executive Officers during our fiscal year ended December 31, 2025.

  28. 2025 Grants of Plan-Based Awards Table

    | Name | Grant Date | All Other Stock Awards: Number of Shares of Stocks or Units (#) | All Other Option Awards: Number of Shares of Securities Underlying Options (#) | Exercise or Base Price of Option Awards ($) | Grant Date Fair Value of Stock and Option Awards ($)(1) | | Michael Novogratz | 3/31/2025 | 101,609 | | | 1,102,265 | | | 3/31/2025 | | 409,271 | $11.77 | 3,078,086 | | Anthony Paquette | 3/31/2025 | 375,000 | | | 4,068,038 | | | 3/31/2025 | | 300,000 | $11.77 | 2,256,270 | | | 3/31/2025 | | 325,000 | $13.91 | 2,350,725 | | | 3/31/2025 | | 350,000 | $16.06 | 2,442,300 | | Christopher Ferraro | 3/31/2025 | 91,448 | | | 992,037 | | | 3/31/2025 | | 409,271 | $11.77 | 3,078,086 | | Erin Brown | 3/31/2025 | 52,837 | | | 573,181 | | | 3/31/2025 | | 272,847 | $11.77 | 2,052,055 | | Matthew Friedrich | 9/08/2025 | 240,000 | | | 5,637,600 | | | 9/08/2025 | | 100,000 | $23.49 | 1,678,372 | | | 9/08/2025 | | 100,000 | $28.49 | 1,600,535 | | | 9/08/2025 | | 100,000 | $33.49 | 1,532,674 |

  29. 2025 Grants of Plan-Based Awards Table

    (1)The amounts reported in this column represent the aggregate grant date fair value of the awards of RSUs and non-qualified stock options granted to each of the Named Executive Officers, including one-time sign-on RSUs and stock options granted to Messrs. Paquette and Friedrich in connection with their commencement of employment, in each case, during 2025 under the LTIP. The grant date fair value was calculated in accordance with FASB ASC Topic 718, excluding the effect of estimated forfeitures. Amounts reported do not reflect the actual economic value that may be realized by the applicable Named Executive Officer. We use the Black-Scholes option pricing model to calculate the fair value of option-based awards.

  30. Outstanding Equity Awards at 2025 Fiscal Year-End Table

    Outstanding Equity Awards at 2025 Fiscal Year-End Table The following table sets forth information concerning outstanding equity awards for the Named Executive Officers as of the end of fiscal 2025.

  31. Outstanding Equity Awards at 2025 Fiscal Year-End Table

    | | Option Awards | | | | | Stock Awards | | | Name | Grant Date | Numbers of Securities Underlying Unexercised Options (#) Exercisable | Numbers of Securities Underlying Unexercised Options (#) Unexercisable | Option Exercise Price ($) | Option Expiration Date | Number of shares or units of stock that have not vested (#) | Market value of shares or units of stock that have not vested ($)(1) | | Michael Novogratz | 3/31/2025 | — | 409,271(2) | 11.77 | 3/31/2030 | | | | | 3/31/2025 | | | | | 101,609(3) | 2,271,977 | | | 3/27/2024 | | | | | 201,000(4) | 4,494,360 | | Anthony Paquette | 3/31/2025 | 75,000 | 225,000(5) | 11.77 | 3/31/2030 | | | | | 3/31/2025 | 81,250 | 243,750(6) | 13.91 | 3/31/2030 | | | | | 3/31/2025 | 87,500 | 262,500(7) | 16.06 | 3/31/2030 | | | | | 3/31/2025 | | | | | 281,250(8) | 6,288,750 | | Christopher Ferraro | 3/31/2025 | — | 409,271(9) | 11.77 | 3/31/2030 | | | | | 3/27/2024 | 26,835 | 54,484(10) | 9.63 | 3/27/2029 | | | | | 3/29/2023 | 660,000 | 340,000(11) | 4.83 | 3/29/2028 | | | | | 3/31/2025 | | | | | 91,448(12) | 2,044,777 | | | 3/27/2024 | | | | | 120,600(13) | 2,696,616 | | | 3/29/2023 | | | | | 57,987(14) | 1,296,589 | | Erin Brown | 3/31/2025 | — | 272,847(15) | 11.77 | 3/31/2030 | | | | | 3/27/2024 | 53,670 | 108,967(16) | 9.63 | 3/27/2029 | | | | | 3/29/2023 | 110,000 | 340,000(17) | 4.83 | 3/29/2028 | | | | | 3/31/2025 | | | | | 52,837(18) | 1,181,435 | | | 3/27/2024 | | | | | 74,370(19) | 1,662,913 | | | 3/29/2023 | | | | | 70,881(20) | 1,584,899 | | Matthew Friedrich | 9/08/2025 | | 100,000(21) | 23.49 | 9/8/2030 | | | | | 9/08/2025 | | 100,000(21) | 28.49 | 9/8/2030 | | | | | 9/08/2025 | | 100,000(21) | 33.49 | 9/8/2030 | | | | | 9/08/2025 | | | | | 240,000(22) | 5,366,400 |

  32. Outstanding Equity Awards at 2025 Fiscal Year-End Table

    __________________ (1)The closing market price of our Class A Common Stock on December 31, 2025 was $22.36. (2)136,423 options vested on March 1, 2026 and the remainder are scheduled to vest in two substantially equal annual installments thereafter. (3)33,870 RSUs vested on March 1, 2026 and the remainder are scheduled to vest in eight equal quarterly installments thereafter. (4)99,000 RSUs vested on March 1, 2026 and 102,000 are scheduled to vest on March 1, 2027. (5)75,000 options vested on December 26, 2025 and the remainder are scheduled to vest in three equal annual installments thereafter. (6)81,250 options vested on December 26, 2025 and the remainder are scheduled to vest in three equal annual installments thereafter. (7)87,500 options vested on December 26, 2025 and the remainder are scheduled to vest in three equal annual installments thereafter. (8)93,750 RSUs are scheduled to vest on December 26, 2026 and the remainder are scheduled to vest in two equal annual installments thereafter. (9)136,423 options vested on March 1, 2026 and the remainder are scheduled to vest in two substantially equal annual installments thereafter. (10)26,835 options vested on March 1, 2025, 26,835 vested on March 1, 2026 and 27,649 are scheduled to vest on March 1, 2027. (11)330,000 options vested on March 1, 2024, 330,000 vested on March 1, 2025 and 340,000 vested on March 1, 2026. (12)30,483 RSUs vested on March 1, 2026 and the remainder are scheduled to vest in eight equal quarterly installments thereafter. (13)59,400 RSUs vested on March 1, 2026 and 61,200 are scheduled to vest on March 1, 2027. (14)57,987 RSUs vested on March 1, 2026. (15)90,949 options vested on March 1, 2026 and the remainder are scheduled to vest in two equal annual installments thereafter. (16)53,670 options vested on March 1, 2025, 53,670 vested on March 1, 2026 and 55,297 are scheduled to vest March 1, 2027. (17)340,000 options vested on March 1, 2026. (18)17,613 RSUs vested on March 1, 2026 and the remainder are scheduled to vest in eight equal quarterly installments thereafter. (20)70,881 RSUs vested on March 1, 2026. (21)25,000 options are scheduled to vest on September 8, 2026 and the remainder in three equal annual installments thereafter. (22)60,000 RSUs are scheduled to vest on September 8, 2026 and the remainder in three equal annual installments thereafter.

  33. 2025 Stock Option Exercises and Stock Vested Table

    2025 Stock Option Exercises and Stock Vested Table The following table sets forth information concerning stock options exercised and stock awards vested for our Named Executive Officers during our fiscal year ended December 31, 2025.

  34. 2025 Stock Option Exercises and Stock Vested Table

    | | Option Awards | | Stock Awards | | | Name | Number of Shares Acquired on Exercise (#) | Value Realized on Exercise ($) | Number of Shares Acquired on Vesting (#)(1) | Value Realized on Vesting ($)(2) | | Michael Novogratz | — | — | 99,000 | 1,165,230 | | Anthony Paquette | — | — | 93,750 | 2,290,313 | | Christopher Ferraro | — | — | 996,730 | 11,731,512 | | Erin Brown | 550,000 | 11,377,340 | 161,421 | 1,899,925 | | Matthew Friedrich | — | — | — | — |

  35. 2025 Stock Option Exercises and Stock Vested Table

    __________________ (1)For Mr. Novogratz, Mr. Ferraro and Ms. Brown, shares acquired upon vesting represent the number of RSUs acquired upon vesting in March 2025. For Mr. Paquette, shares acquired upon vesting represent the number of RSUs acquired upon vesting in December 2025. (2)The aggregate value realized upon the vesting and settlement of an RSU is based on the closing price of a share of our Class A common stock on Nasdaq on the date of vesting, and if the vesting day falls on a weekend or holiday, the trading day immediately prior to the date of vesting.

  36. Potential Payments Upon Termination or Change of Control as of December 31, 2025

    Potential Payments Upon Termination or Change of Control as of December 31, 2025 Our Named Executive Officers are entitled to certain payments and benefits upon certain qualifying terminations of employment, including in connection with a change in control.

  37. Summary of Potential Payments Upon Termination or Change of Control as of December 31, 2025

    Summary of Potential Payments Upon Termination or Change of Control as of December 31, 2025 The following table sets forth the estimated value of the severance payments and benefits and acceleration of unvested equity awards held by each of our Named Executive Officers assuming the occurrence of certain qualifying terminations of employment as described above, including in connection with a change in control, in any case, assuming that such termination occurred on December 31, 2025. Amounts shown do not include (i) accrued but unpaid base salary through the date of termination, or (ii) other benefits earned or accrued by the Named Executive Officer during his or her employment that are available to all salaried employees, such as accrued vacation.

  38. Summary of Potential Payments Upon Termination or Change of Control as of December 31, 2025

    | Name | Value of cash compensation upon qualifying termination (no change of control) ($) | Value of accelerated options upon qualifying termination (no change of control) ($)(1) | Value of accelerated RSUs upon qualifying termination (no change of control) ($)(1) | Value of cash compensation upon qualifying termination after change of control or termination due to death or disability ($)(1) | Value of accelerated options upon qualifying termination after change of control or termination due to death or disability ($)(1) | Value of accelerated RSUs upon qualifying termination after change of control or termination due to death or disability ($)(1) | | Michael Novogratz | 500,000(2) | 1,444,720 | 2,970,973 | 500,000(2) | 4,334,180 | 6,766,337 | | Anthony Paquette | — | 2,037,313 | 2,096,250 | — | 6,111,938 | 6,288,750 | | Christopher Ferraro | — | 7,746,529 | 3,817,590 | — | 10,987,961 | 6,037,983 | | Erin Brown | 200,000(3) | 7,606,569 | 3,093,126 | 200,000(3) | 10,236,800 | 4,429,248 | | Matthew Friedrich | — | — | 1,341,600 | — | — | 5,366,400 |

  39. Summary of Potential Payments Upon Termination or Change of Control as of December 31, 2025

    __________________ (1)Value of acceleration of options and RSUs are based on the closing market price of our Class A common stock on Nasdaq on December 31, 2025, which was $22.36, and does not capture any value for the acceleration of any stock options that were underwater as of December 31, 2025. (2)Reflects one year of Mr. Novogratz’s base salary as discussed above. (3)Reflects certain severance payments as discussed above.

  40. Pay Versus Performance

    Pay Versus Performance Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K requires us to provide the following disclosure regarding compensation for our Chief Executive Officer, who is our principal executive officer (“PEO”), and the average compensation for our other non-PEO Named Executive Officers (“non-PEO NEOs”). The amounts shown for “compensation actually paid” have been calculated in accordance with SEC rules and do not reflect compensation actually earned, realized, or received by any of our Named Executive Officers. The table includes adjustments as described in the footnotes and also provides information on our cumulative total shareholder return (“TSR”), the cumulative TSR of our peer group, net income (loss), and our company-selected measure, which is Adjusted EBITDA. We became a public reporting company in the U.S. in May 2025, and we do not present information for years prior to when we became a public reporting company. The information contained in this “—Pay Versus Performance” section will not be incorporated into any of our filings under the Securities Act or the Exchange Act, except to the extent we specifically incorporate such information by reference therein.

  41. Pay Versus Performance

    | | | | | | Value of Initial Fixed $100 Investment Based On: | | | | | Year | Summary Compensation Table Total for PEO ($)(1) | Compensation Actually Paid to PEO ($)(2) | Average Summary Compensation Table Total for Non-PEO NEOs ($)(1) | Average Compensation Actually Paid to Non-PEO NEOs ($)(2) | Total Stockholder Return ($)(3) | Peer Group Total Stockholder Return ($)(4) | Net Income (Loss) ($ in thousands)(5) | Company Selected Measure: Adjusted EBITDA ($ in thousands)(6) | | 2025 | 7,651,727 | 13,124,588 | 9,630,022 | 14,021,173 | 98 | 108 | (241,349) | 33,671 |

  42. Pay Versus Performance

    __________________ (1)Amounts shown are the total compensation as calculated in the Summary Compensation Table for our PEO (Michael Novogratz) and the average for our non-PEO NEOs (Anthony Paquette, Christopher Ferraro, Erin Brown and Matthew Friedrich). (2)Amounts shown represent the amount of “compensation actually paid” to our PEO and non-PEO NEOs. The dollar amounts do not reflect the actual amount of compensation earned or received during the applicable fiscal year. There are no material differences to the assumptions used to compute the valuation of the equity awards for calculating the “compensation actually paid” from the assumptions used to compute the valuation of such equity awards as of the grant date. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the total compensation of our PEO and non-PEO NEOs for fiscal 2025 to determine the “compensation actually paid” to each such person.

  43. Pay Versus Performance

    | Fiscal Year 2025 | PEO ($) | Average Non-PEO NEOs ($) | | Summary Compensation Table Total | 7,651,727 | 9,630,022 | | Less: Grant Date Fair Value of Option and Stock Awards Granted in Fiscal Year 2025 | (4,180,351) | (6,370,635) | | Plus: Fair Value at Fiscal Year-End 2025 of Outstanding and Unvested Option Awards and Stock Awards Granted During Fiscal Year 2025 | 9,195,622 | 10,648,289 | | Plus: Change in Fair Value at Fiscal Year-End 2025 vs. Fiscal Year-End 2024 of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years | 1,009,020 | 1,241,650 | | Plus: Fair Value at Vesting Date in Fiscal Year 2025 of Option Awards and Stock Awards Granted in Fiscal Year 2025 that Vested During Fiscal Year 2025 | — | 929,473 | | Plus: Change in Fair Value as of Vesting Date in Fiscal Year 2025 vs. Fiscal Year-End 2025 of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year 2025 | (551,430) | (2,057,627) | | Compensation Actually Paid | 13,124,588 | 14,021,173 |

  44. Pay Versus Performance

    (3)Total Shareholder Return reflects the cumulative total return of an initial $100 investment in our Class A common stock, measured from May 16, 2025 (the date our Class A common stock began trading on Nasdaq). Prior to listing on Nasdaq, and until March 19, 2026, our Class A common stock traded on the Toronto Stock Exchange (“TSX”). If the period between December 31, 2024 and May 16, 2025 is included, and assuming an initial investment of $100.00, the TSR for fiscal year 2025 was $128.74. The TSX closing price as of December 31, 2024 was converted to USD using the daily exchange rate of $0.6950 published by the Bank of Canada as of such date. Historic stock price performance is not necessarily indicative of future stock price performance. (4)The peer group used for the purpose of this disclosure in each covered year is the Nasdaq U.S. Benchmark Financial Services Index, which we also use in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report. This column assumes $100.00 was invested in this peer group on May 16, 2025 (the date our Class A common stock began trading on Nasdaq). (5)Reflects the net income (loss) as reported in our audited financial statements for the fiscal year. (6)Adjusted EBITDA is defined as net income (loss) excluding (i) equity based compensation and related expense, (ii) notes interest expense and other expense, (iii) tax expense / (benefit), (iv) depreciation and amortization expense, (v) unrealized (gain) / loss on notes payable – derivative, (vi) mining-related impairment loss / loss on disposal of mining equipment, (vii) settlement expense, (viii) other (income) / expense, net and (ix) reorganization and reorganization merger costs that we believe are not indicative of our ongoing results.

  45. Chart Showing Graphical Relationship Between PEO and Non-PEO NEOs Compensation Actually Paid and TSR

    Chart Showing Graphical Relationship Between PEO and Non-PEO NEOs Compensation Actually Paid and TSR

  46. Chart Showing Graphical Relationship Between PEO and Non-PEO NEOs Compensation Actually Paid and Net Income (Loss)

    Chart Showing Graphical Relationship Between PEO and Non-PEO NEOs Compensation Actually Paid and Net Income (Loss)

  47. Chart Showing Graphical Relationship Between PEO and Non-PEO NEOs Compensation Actually Paid and Adjusted EBITDA

    Chart Showing Graphical Relationship Between PEO and Non-PEO NEOs Compensation Actually Paid and Adjusted EBITDA