[Form 4] Gemini Space Station, Inc. Insider Trading Activity
Tyler Meade Roberts, Chief Legal Officer of Gemini Space Station, Inc. (GEMI), reported a change in beneficial ownership related to restricted stock units. On 09/24/2025 the filing shows 13,551 shares of Class A common stock were disposed under transaction code F at a price of $24.28 per share. The filing explains these shares were withheld by the issuer to satisfy tax withholding upon RSU vesting. After the withholding, Mr. Roberts beneficially owned 1,120,474 shares of Class A common stock, held directly. The Form 4 is signed by the reporting person on 09/30/2025 and contains no other transactions or derivative positions.
- Transaction is administrative tax withholding for vested RSUs rather than an open-market sale
- Reporting person retains a substantial direct holding of 1,120,474 Class A shares after the withholding
- Form 4 discloses the transaction clearly with price, amount, and explanation
- 13,551 shares were disposed (withheld), reducing the reporting person's share count
- Reported disposal occurred at $24.28 per share, realizing value through withholding rather than retention
Insights
TL;DR: Insider withheld 13,551 shares for taxes after RSU vesting; retains a large direct stake of 1,120,474 shares.
The Form 4 documents a non-sale, administrative disposition: 13,551 Class A shares were withheld at $24.28 to satisfy tax obligations tied to restricted stock unit vesting on 09/24/2025. This is a routine compliance action rather than a change in investment intent. The reporting person continues to hold a material direct position of 1,120,474 shares, and no derivative securities are reported. For investors, the transaction signals standard post-vesting tax treatment with no additional liquidity event disclosed.
TL;DR: Transaction is administrative (tax withholding) and reflects ongoing compensation settlement; no governance red flags present.
The Form 4 indicates the reported disposition arose solely from issuer-withheld shares to satisfy tax withholding upon vesting of restricted stock units. Such withholdings are common and documented here under transaction code F. The filing is complete for the reported event, shows direct ownership, and includes a manual signature. There are no indicated amendments, option exercises, or sales that would suggest altered insider behavior or governance concerns.