[Form 4] Gemini Space Station, Inc. Insider Trading Activity
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.
- 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
- Reduction in reported shares: 89,493 Class A shares were disposed/withheld, decreasing the reporting person's raw share count
Insights
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.
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.