Gemini Space Station (GEMI) director awarded 42,462 RSUs in stock-based compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gemini Space Station, Inc. director Jonathan B. Durham received a grant of 42,462 restricted stock units (RSUs) of Class A common stock as compensation under the company’s Non-Employee Director Compensation Policy. Each RSU converts into one share upon vesting, bringing his direct holdings to 121,727 shares.
The RSUs vest on the earlier of the first anniversary of the grant date or the day immediately before Gemini Space Station’s next annual stockholder meeting, if he continues serving as a director through that date. This grant is a non-cash, equity-based award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Durham Jonathan B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 42,462 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 121,727 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 42,462 units
Grant price per RSU: $0.00 per share
Total shares after grant: 121,727 shares
+2 more
5 metrics
RSUs granted
42,462 units
Restricted stock units granted to director on June 16, 2026
Grant price per RSU
$0.00 per share
Equity compensation, not an open-market purchase
Total shares after grant
121,727 shares
Director’s direct Class A common stock holdings following transaction
Transaction code
A
Grant, award, or other acquisition of non-derivative securities
Transaction direction
acquire
Indicates an acquisition via grant/award, not a sale
Key Terms
restricted stock units ("RSUs"), Non-Employee Director Compensation Policy, contingent right, vesting, +1 more
5 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"
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock"
vesting financial
"upon vesting. The RSUs vest on the earlier of (i) the first anniversary"
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 following the grant date"
FAQ
What did Gemini Space Station (GEMI) director Jonathan Durham report on this Form 4?
Director Jonathan Durham reported receiving 42,462 restricted stock units in Gemini Space Station. These RSUs are a stock-based compensation award and will convert into Class A common shares when they vest, increasing his equity exposure to the company.
What are the vesting terms of Jonathan Durham’s RSUs at Gemini Space Station (GEMI)?
The RSUs vest on the earlier of the first anniversary of the grant date or the day immediately before Gemini Space Station’s next annual stockholder meeting. Vesting is conditional on Durham’s continued service as a director through the applicable vesting date.
What does each RSU granted to Jonathan Durham by Gemini Space Station (GEMI) represent?
Each restricted stock unit represents a contingent right to receive one share of Gemini Space Station’s Class A common stock. The shares are delivered only after vesting conditions are met, aligning the director’s compensation with long-term shareholder interests.