Jeyapaul Jaganathan 4
4 · Digi Power X Inc. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Digi Power X (DGXX) CTO Jeyapaul Jaganathan Receives Awards
What Happened Jeyapaul Jaganathan, Chief Technology Officer of Digi Power X Inc. (DGXX), received two awards on March 23, 2026: one grant of 50,000 derivative instruments (options, fully vested) and one grant of 50,000 restricted share units (RSUs). Both awards are listed at an acquisition price of $0.00 on the Form 4; the filing treats these as derivative awards rather than open-market purchases or sales.
Key Details
- Transaction date: March 23, 2026; Form 4 filed March 25, 2026 (timely filing).
- Instruments/amounts: 50,000 options (footnote: fully vested) and 50,000 restricted share units (RSUs). Both entries show $0.00 acquisition price.
- Vesting for RSUs (footnote): 1/3 vests on March 23, 2027; remaining 2/3 vest quarterly over the two years after March 23, 2027.
- Shares owned after the transaction: not specified in the filing.
- Nature: These are compensation awards (derivative/RSU grants), not open-market purchases or sales.
Context RSUs represent a contingent right to receive one subordinate voting share upon vesting; they are compensation and will convert to shares according to the vesting schedule. The option grant is noted as fully vested, meaning the holder may be able to exercise those options per the plan terms (exercise and any sale are separate events and were not reported here). Such grants are common executive compensation and do not by themselves indicate a buy/sell signal in the open market.
Insider Transaction Report
- Award
Employee option (right to buy)
[F1]2026-03-23+50,000→ 50,000 totalExercise: $2.39From: 2026-03-23Exp: 2031-03-23→ Subordinate Voting Shares (50,000 underlying) - Award
Restricted Share Units
[F2][F3]2026-03-23+50,000→ 50,000 totalExercise: $0.00→ Subordinate Voting Shares (50,000 underlying)
Footnotes (3)
- [F1]The options are fully vested.
- [F2]Represents restricted share units issued pursuant to Digi Power X Inc.'s (the "Company") Restricted Share Unit Plan. Each restricted share unit represents a contingent right to receive one subordinate voting share of the Company as of the vesting date.
- [F3]The restricted share units are scheduled to vest as follows: one-third (1/3) will vest on March 23, 2027 and the remaining two-thirds (2/3) will vest quarterly over the two years following March 23, 2027.