STOCK TITAN

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.

(Neutral)
(Neutral)
Form Type
144

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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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
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.

How many RMNI shares does SAR TRUST plan to sell in this Form 144?

SAR TRUST indicates an intent to sell 41,366 shares of Rimini Street common stock. The filing lists these shares with an estimated aggregate value of $213,527.16 and an approximate total of 93,356,000 Rimini Street shares outstanding.

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.

Who is the broker for the planned RMNI share sale?

The planned sale of 41,366 shares of Rimini Street common stock by SAR TRUST is listed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York.

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.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature