Gemini Space Station Insider Withholding 89,493 Shares for Taxes; Ownership 1.13M

Rhea-AI Filing Summary

Gemini Space Station, Inc. (GEMI) reporting person Tyler Meade Roberts, Chief Legal Officer, disposed of 89,493 shares of Class A common stock on 09/15/2025. The Form 4 states the shares were withheld by the issuer to satisfy tax withholding upon the vesting of restricted stock units; the transaction code is F and the reported price per share is $28. Following the withholding, Mr. Roberts is recorded as beneficially owning 1,134,025 shares of Class A common stock. The filing is a routine insider reporting the tax-related disposition of vested equity.

Positive

• Beneficial ownership remains substantial: reporting person holds 1,134,025 Class A shares after the transaction
• Transaction disclosed as tax withholding: the filing specifies the disposition was to satisfy tax obligations on vested RSUs, indicating a routine administrative action

Negative

• Reduction in reported shares: 89,493 Class A shares were disposed/withheld, decreasing the reporting person's raw share count

Insights

Financial Analyst

TL;DR Insider withheld shares to cover taxes on vested RSUs; ownership remains substantial, suggesting no change in control or major sell-down.

The disposal of 89,493 shares at $28 per share is documented as a tax withholding event rather than a voluntary open-market sale. Such transactions typically reflect routine compensation settlement and do not indicate active liquidation by the officer. Remaining beneficial ownership of 1,134,025 shares preserves the officer's economic stake. For investors, this is a standard Section 16 disclosure with limited implication for corporate fundamentals.

Corporate Governance Expert

TL;DR Reported transaction is administrative tax withholding on vested RSUs, properly disclosed on Form 4 and signed by the reporting person.

The Form 4 clearly identifies the relationship (Chief Legal Officer) and the nature of the withholding. The use of transaction code F and the accompanying explanation align with standard reporting practices. This disclosure meets Section 16 requirements and provides transparency about insider equity changes without revealing strategic shifts in ownership or governance.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Meade Tyler Roberts

(Last) (First) (Middle)

600 THIRD AVENUE, 2ND FLOOR

(Street)

NEW YORK NY 10016

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Gemini Space Station, Inc. [ GEMI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/15/2025		F		89,493(1)	D	$28	1,134,025	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of Class A common stock withheld by the Issuer to satisfy tax withholding upon the vesting of restricted stock units.

	/s/ Tyler Meade	09/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Form 4 for GEMI filed by Tyler Meade Roberts report?

It reported the withholding of 89,493 Class A shares on 09/15/2025 to satisfy tax obligations related to vested restricted stock units, leaving 1,134,025 shares beneficially owned.

Why were 89,493 GEMI shares disposed of according to the filing?

The filing explains the shares were withheld by the issuer to satisfy tax withholding upon the vesting of restricted stock units.

What price is shown on the Form 4 for the withheld GEMI shares?

The reported price for the transaction is $28 per share.

What is Tyler Meade Roberts' role at GEMI as disclosed on the Form 4?

He is listed as the Chief Legal Officer and the Form 4 indicates he is filing as an individual reporting person.

Does this Form 4 indicate a voluntary open-market sale by the insider?

No; the disposition is described as issuer withholding to satisfy taxes on vested RSUs, not an open-market sale.