Gemini Space Station (GEMI) interim CFO sells 11,700 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gemini Space Station, Inc. interim CFO Danijela Stojanovic disposed of 11,700 shares of Class A common stock on May 20, 2026 at a weighted average price of $5.05 per share. The shares were sold solely to cover tax withholding obligations related to vesting restricted stock units under the company’s sell-to-cover procedures and were not a discretionary trade. After this tax-related sale, she directly owns 181,848 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,700 shares ($59,085)
Net Sell
1 txn
Insider
Stojanovic Danijela
Role
Interim CFO
Sold
11,700 shs ($59K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 11,700 | $5.05 | $59K |
Holdings After Transaction:
Class A Common Stock — 181,848 shares (Direct, null)
Footnotes (1)
- Represents shares of Class A common stock sold solely to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sale was effected pursuant to the issuer's sell-to-cover procedures and does not represent a discretionary trade by the Reporting Person. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.16. 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 disposed: 11,700 shares
Weighted average sale price: $5.05/share
Post-transaction holdings: 181,848 shares
+1 more
4 metrics
Shares disposed
11,700 shares
Class A Common Stock sold on May 20, 2026
Weighted average sale price
$5.05/share
Tax-related sale of Class A shares
Post-transaction holdings
181,848 shares
Direct ownership after May 20, 2026 disposal
Sale price range
$5.00–$5.16/share
Multiple transactions within reported range
Key Terms
sell-to-cover, restricted stock units, weighted average price, open-market sale
4 terms
sell-to-cover financial
"The sale was effected pursuant to the issuer's sell-to-cover procedures"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
restricted stock units financial
"in connection with the vesting and settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did GEMI interim CFO Danijela Stojanovic report?
Interim CFO Danijela Stojanovic reported disposing of 11,700 GEMI Class A shares. The sale occurred on May 20, 2026, and was executed under the company’s sell-to-cover procedures to satisfy tax withholding obligations tied to restricted stock unit vesting.
Was the GEMI insider sale part of an open-market trade or a special program?
The sale is coded as an open-market transaction but is described as executed under the issuer’s sell-to-cover procedures. It was undertaken only to satisfy tax withholding tied to restricted stock unit vesting, rather than as a discretionary investment or trading decision.