09/15/2025 | Press release | Distributed by Public on 09/15/2025 19:23
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Jaitly Sachin Chand 600 THIRD AVENUE, 2ND FLOOR NEW YORK, NY 10016 |
X |
/s/ Tyler Meade, as attorney-in-fact | 09/15/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents a grant of 7,142 restricted stock units ("RSUs"), which will vest in full on the first anniversary of the grant date, subject to the reporting person's continuous service through such date. Each RSU represents a contingent right to receive one share of Class A common stock. |
(2) | In connection with the Issuer's initial public offering and related reorganizational transactions, Tessera Venture Capital Fund II, LP ("Tessera Fund") received 35,713 shares of Class A common stock in exchange for its corresponding Series B preferred LLC interests in Gemini Space Station, LLC. |
(3) | The reporting person is a Managing Partner of Tessera Fund and may be deemed to beneficially own the shares held by Tessera Fund. The reporting person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. |