Gemini Space Station (GEMI) Interim CFO Danijela Stojanovic Sells Shares

What Happened
Interim CFO Danijela Stojanovic sold 11,700 shares of Gemini Space Station Class A common stock on 2026-05-20 in transactions that generated approximately $59,085. The reported weighted-average sale price was $5.05 per share; individual trades ranged from $5.00 to $5.16. The filing indicates the sale was effected to cover tax withholding on the vesting/settlement of restricted stock units and was not a discretionary trade by the reporting person.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-21 (timely filing).
• Transaction type/code: Sale (S); total shares sold: 11,700; weighted-average price: $5.05; total proceeds ≈ $59,085.
• Price range: $5.00–$5.16 across multiple trades (Reporting Person can provide per-trade breakdown on request).
• Reason/footnote: Sold solely to cover tax withholding obligations related to RSU vesting (sell-to-cover); not a discretionary sale (Footnote F1).
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
This was a sell-to-cover tied to RSU settlement (a routine administrative sale to satisfy tax withholding) rather than an open-market discretionary disposition. For retail investors, such sales generally do not signal a change in insider conviction in the same way that voluntary open-market purchases or large discretionary sales might.