Galaxy Digital Chief Accounting Officer Robert Rico to Resign in September

What happened

Galaxy Digital Inc. disclosed in an SEC filing on August 5, 2026, that Chief Accounting Officer (CAO) Robert Rico notified the company of his resignation, effective September 30, 2026, to pursue an opportunity outside the company.

The filing states his resignation is not the result of any disagreements with the company, its officers, or employees. Galaxy Digital thanked Rico for his years of service. He will remain in his role until a permanent replacement is named.

Galaxy Digital shares closed at $20.17 on the filing date, up 3.22% from the prior close of $19.54.

Who is affected

Galaxy Digital is a financial services firm focused on digital assets and blockchain technology. It trades under the ticker GLXY on Nasdaq and reported $60.2 billion in annual revenue for the fiscal year ending December 31, 2025.

Robert Rico served as the company's Chief Accounting Officer and principal accounting officer. His departure means the company will need to find a successor to oversee financial reporting and accounting operations.

What this means

An 8-K filing is used to notify shareholders of material events. Item 5.02 specifically covers changes in directors or officers, including resignations. Companies are required to disclose when a named officer leaves and, if known, the reason.

The CAO is responsible for the accuracy of financial statements and internal controls over financial reporting. A resignation is not unusual, but the departure of a senior accounting officer can be a disruption. Here, the filing explicitly says the resignation is voluntary and amicable, which reduces uncertainty.

The transition period — Rico stays until September 30 — gives Galaxy Digital time to find a replacement without an immediate gap. The stock rose 3.2% on the day, but the filing does not explain why, and price movements can have many causes.