Gemini Space Station (GEMI) interim CFO sells shares to cover RSU taxes
Rhea-AI Filing Summary
Gemini Space Station, Inc. (GEMI) reported that Interim CFO Danijela Stojanovic sold 7,940 shares of Class A common stock on 2026-08-20 at a weighted average price of $4.05 per share, in multiple trades between $3.93 and $4.25. According to the company’s Automatic Sell-to-Cover Policy, these shares were sold solely to satisfy tax withholding obligations related to the vesting and settlement of RSUs and do not represent a discretionary trade by the reporting person. After this transaction, she held 187,923 shares directly, and the transaction was undertaken under a Rule 10b5-1(c) compliant arrangement.
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Insider Trade Summary 10b5-1
Net Seller: 7,940 shares
Net Sell
1 txn
Insider
Stojanovic Danijela
Role
Interim CFO
Sold
7,940 shs ($32K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 7,940 | $4.05 | $32K |
Holdings After Transaction:
Class A Common Stock — 187,923 shares (Direct)
Footnotes (2)
- F1. Represents shares of Class A common stock sold solely to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was effected pursuant to the issuer's Automatic Sell-to-Cover Policy, which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), and does not represent a discretionary trade by the Reporting Person.
- F2. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $3.93 to $4.25. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 7,940 shares
Weighted average sale price: $4.05 per share
Sale price range: $3.93–$4.25 per share
+2 more
5 metrics
Shares sold
7,940 shares
Class A Common Stock sold by Interim CFO on 2026-08-20
Weighted average sale price
$4.05 per share
Average price for the 7,940 shares sold
Sale price range
$3.93–$4.25 per share
Range of individual trade prices for the reported sale
Shares held after transaction
187,923 shares
Direct Class A holdings of Interim CFO following the sale
Net shares sold
7,940 shares
Net-sell direction from transaction summary
Key Terms
Automatic Sell-to-Cover Policy, Rule 10b5-1(c), weighted average price, RSUs
4 terms
Automatic Sell-to-Cover Policy financial
"The sale was effected pursuant to the issuer's Automatic Sell-to-Cover Policy"
Rule 10b5-1(c) regulatory
"intended to satisfy the affirmative defense conditions of Rule 10b5-1(c)"
Rule 10b5-1(c) is an SEC guideline that lets company insiders set up a written, pre-planned schedule to buy or sell their company stock when they are not in possession of material, nonpublic information. For investors, it matters because such plans can reduce the appearance of insider trading by separating decisions from inside knowledge—like putting your trades on autopilot—while also requiring scrutiny since pre-planned trades can still affect market confidence and share value.
weighted average price financial
"The price reported in Column 4 is the weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
RSUs financial
"in connection with the vesting and settlement of RSUs"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
FAQ
What insider transaction did GEMI report for Interim CFO Danijela Stojanovic?
Interim CFO Danijela Stojanovic reported selling 7,940 GEMI Class A shares on 2026-08-20 at a weighted average price of $4.05 per share, in multiple trades between $3.93 and $4.25.
Was the GEMI insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing indicates the sale was effected under the issuer’s Automatic Sell-to-Cover Policy, which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), and the document-level Rule 10b5-1 checkbox is marked true.
AI-generated analysis. How Rhea-AI works. Not financial advice.