Gemini Space Station (GEMI) director granted 42,462 RSUs as stock compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gemini Space Station, Inc. director Sachin Chand Jaitly received an equity grant of 42,462 Class A Common Stock RSUs. These restricted stock units were granted at no cash cost under the company’s Non-Employee Director Compensation Policy.
Each RSU converts into one share of Class A common stock upon vesting. The RSUs vest on the earlier of the first anniversary of the grant date or the day immediately before the company’s next annual stockholder meeting, as long as Jaitly continues to serve through the vesting date. Following this award, he directly owns 49,604 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jaitly Sachin Chand
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 42,462 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 49,604 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 42,462 shares
Grant price: $0.00 per share
Shares held after transaction: 49,604 shares
3 metrics
RSUs granted
42,462 shares
Class A Common Stock RSU award to director
Grant price
$0.00 per share
RSU grant under Non-Employee Director Compensation Policy
Shares held after transaction
49,604 shares
Total direct Class A holdings post-award
Key Terms
restricted stock units ("RSUs"), Non-Employee Director Compensation Policy, vesting, annual meeting of stockholders
4 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted to the Reporting Person pursuant"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Non-Employee Director Compensation Policy financial
"granted to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy"
vesting financial
"Each RSU represents a contingent right to receive one share ... upon vesting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting of stockholders financial
"the day immediately preceding the Issuer's next annual meeting of stockholders"
FAQ
What insider transaction did GEMI director Sachin Chand Jaitly report?
Sachin Chand Jaitly reported an acquisition of 42,462 restricted stock units of Gemini Space Station, Inc. Class A common stock. The award was granted under the company’s Non-Employee Director Compensation Policy and represents stock-based compensation rather than an open-market purchase.
At what price were the GEMI RSUs granted to Sachin Chand Jaitly?
The 42,462 restricted stock units were granted at a price of $0.00 per share. This reflects a typical stock-based compensation award, where units are granted without cash payment but are subject to vesting conditions before becoming actual shares.
How do the GEMI RSUs granted to Sachin Chand Jaitly vest?
The RSUs vest on the earlier of the first anniversary of the grant date or the day immediately before Gemini Space Station, Inc.’s next annual stockholders’ meeting. Vesting is conditioned on Jaitly’s continued service with the company through the applicable vesting date.
What does each RSU granted to Sachin Chand Jaitly represent for GEMI?
Each restricted stock unit represents a contingent right to receive one share of Gemini Space Station, Inc. Class A common stock. The units convert into actual shares only upon satisfying the vesting conditions, aligning director compensation with shareholder interests over time.