Rimini Street holder plans sale of 41K shares
A trust associated with Rimini Street stock filed a Rule 144 notice to sell shares, including 41,366 shares in an upcoming transaction.
Rhea-AI Filing Summary
Rimini Street, Inc. (RMNI) has a selling securityholder, SAR TRUST, filing a notice of proposed sale of Rimini Street common stock under Rule 144. The trust plans to sell 41,366 shares of common stock through Morgan Stanley Smith Barney, with prior sales over the last three months also disclosed.
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Key Figures
Shares proposed to be sold: 41,366 shares
Estimated aggregate market value of proposed sale: $213,527.16
Approximate shares outstanding: 93,356,000 shares
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7 metrics
Shares proposed to be sold
41,366 shares
Common stock to be sold under Rule 144 through Morgan Stanley Smith Barney
Estimated aggregate market value of proposed sale
$213,527.16
Estimated value of 41,366 Rimini Street common shares
Approximate shares outstanding
93,356,000 shares
Approximate number of Rimini Street common shares outstanding
Shares sold in past 3 months
191,702 shares
Rimini Street common stock sold by SAR TRUST in the last three months
Aggregate proceeds from past 3 months’ sales
$992,115.36
Value of 191,702 Rimini Street shares sold by SAR TRUST
Original acquisition date of founder stock
November 7, 2018
Date SAR TRUST acquired the founder stock from the issuer for cash
Planned sale date
September 3, 2026
Date associated with the proposed sale of 41,366 shares
Key Terms
Rule 144, Founder Stock, Form 144, aggregate market value
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Founder Stock financial
"Common | 11/07/2018 | Founder Stock | Issuer"
Form 144 regulatory
"144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
aggregate market value financial
"| 41366 | 213527.16 | 93356000 | 09/03/2026"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
FAQ
What does the Form 144 filing mean for Rimini Street, Inc. (RMNI)?
The Form 144 filing reports that SAR TRUST intends to sell 41,366 shares of Rimini Street common stock under Rule 144. This is a selling stockholder transaction and does not describe Rimini Street issuing new shares or receiving proceeds.
What prior sales of Rimini Street (RMNI) stock does SAR TRUST report?
Over the past three months, SAR TRUST reports selling 191,702 shares of Rimini Street common stock for an aggregate amount of $992,115.36. These prior sales are disclosed as required in the Form 144 notice.
What type of Rimini Street (RMNI) stock is being sold by SAR TRUST?
The filing describes the securities as Rimini Street common stock and notes that they are “Founder Stock” originally acquired from the issuer on November 7, 2018 for cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.