Durham Jonathan B 4

What Happened
Jonathan B. Durham, a director of Gemini Space Station, Inc. (GEMI), was granted 42,462 restricted stock units (RSUs) on 2026-06-16. The grant price reported is $0.00, meaning no cash was paid for the award at grant. RSUs are a form of equity compensation that convert into shares if and when they vest.

Key Details

• Transaction date: 2026-06-16; filing date (Form 4): 2026-06-18 (filed within two business days).
• Award: 42,462 RSUs granted; reported acquisition price $0.00 (no cash exchanged at grant).
• Shares owned after transaction: not specified in the filing.
• Footnote: The RSUs were granted under the Issuer's Non-Employee Director Compensation Policy. Each RSU represents a contingent right to one share upon vesting. Vesting occurs on the earlier of (i) the first anniversary of the grant date or (ii) the day before the issuer’s next annual meeting, subject to continued service.
• No indication of a 10b5-1 plan, sale, tax-withholding sale, or immediate share sale in this filing.

Context
RSU grants to non-employee directors are common as part of board compensation. RSUs do not represent actual shares until they vest and convert, so this award does not provide immediate liquidity or a sale signal. This filing documents the grant rather than an open-market purchase or sale.