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  4. [Form 3] Rimini Street, Inc. Initial Statement of Beneficial Ownership

Rimini Street revenue chief holds 186,992 shares

The ownership report includes direct common shares and two vested option tranches expiring December 7, 2026.

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Rimini Street, Inc. reports that Steven Hershkowitz, EVP & Chief Revenue Officer, became a Section 16 Executive Officer again on September 14, 2026. As of that date, he reported direct ownership of 186,992 common shares and vested, exercisable employee stock options covering 33,333 shares at $2.72 and 9,149 shares at $3.48. Both option positions expire December 7, 2026.

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Insider Hershkowitz Steven
Role EVP & Chief Revenue Officer
Type Security Shares Price Value
holding Employee Stock Options (Right to Buy) F2 -- -- --
holding Employee Stock Options (Right to Buy) F3 -- -- --
holding Common Stock F1 -- -- --
Holdings After Transaction: Employee Stock Options (Right to Buy) — 42,482 contracts (Direct); Common Stock — 186,992 shares (Direct)
Footnotes (3)
  1. F1. The Reporting Person, in his capacity as EVP and Chief Revenue Officer, was previously a Section 16 Executive Officer of the Issuer from April 30, 2024 until September 8, 2026 and originally filed an initial Form 3 on May 1, 2024. The securities reported as beneficially owned in this Form 3 report shares of the Issuer's Common Stock and vested Employee Stock Options owned by the Reporting Person as of September 14, 2026, the date on which the Reporting Person once again became a Section 16 Executive Officer of the Issuer in his capactiy as EVP and Chief Revenue Officer.
  2. F2. The Employee Stock Options were originally awarded on December 17, 2024 and are 100% vested and exercisable.
  3. F3. The Employee Stock Options were originally awarded on March 4, 2025 and are 100% vested and exercisable.
Direct common shares 186,992 shares As of September 14, 2026
Underlying common shares 33,333 shares Employee stock options with a $2.72 exercise price, as of September 14, 2026
Exercise price $2.72 per share Employee stock options covering 33,333 common shares
Underlying common shares 9,149 shares Employee stock options with a $3.48 exercise price, as of September 14, 2026
Exercise price $3.48 per share Employee stock options covering 9,149 common shares
Option expiration date December 7, 2026 Both reported employee stock option positions
Section 16 Executive Officer regulatory
"once again became a Section 16 Executive Officer"
Employee Stock Options (Right to Buy) financial
"The Employee Stock Options were originally awarded"
100% vested and exercisable financial
"are 100% vested and exercisable"
beneficially owned regulatory
"securities reported as beneficially owned in this Form 3"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many RMNI shares did Steven Hershkowitz report owning?
Steven Hershkowitz reported direct ownership of 186,992 common shares as of September 14, 2026.

What employee stock options did Steven Hershkowitz report?
He reported vested, exercisable options covering 33,333 common shares at $2.72 and 9,149 common shares at $3.48; both positions expire December 7, 2026.

Why did Steven Hershkowitz file an RMNI Form 3?
The report covers securities he owned as of September 14, 2026, when he once again became a Section 16 Executive Officer of Rimini Street in his capacity as EVP and Chief Revenue Officer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Hershkowitz Steven
(Last)(First)(Middle)
C/O 1700 S. PAVILION CENTER DRIVE
SUITE 330
(Street)
LAS VEGAS NEVADA 89135
(City)(State)(Zip)
UNITED STATES
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
09/14/2026		3. Issuer Name and Ticker or Trading Symbol
Rimini Street, Inc. [ RMNI ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & Chief Revenue Officer
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock186,992(1)D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Options (Right to Buy) (2)12/07/2026Common Stock33,333$2.72D
Employee Stock Options (Right to Buy) (3)12/07/2026Common Stock9,149$3.48D
Explanation of Responses:
1. The Reporting Person, in his capacity as EVP and Chief Revenue Officer, was previously a Section 16 Executive Officer of the Issuer from April 30, 2024 until September 8, 2026 and originally filed an initial Form 3 on May 1, 2024. The securities reported as beneficially owned in this Form 3 report shares of the Issuer's Common Stock and vested Employee Stock Options owned by the Reporting Person as of September 14, 2026, the date on which the Reporting Person once again became a Section 16 Executive Officer of the Issuer in his capactiy as EVP and Chief Revenue Officer.
2. The Employee Stock Options were originally awarded on December 17, 2024 and are 100% vested and exercisable.
3. The Employee Stock Options were originally awarded on March 4, 2025 and are 100% vested and exercisable.
Remarks:
Exhibit List - Exhibit 24.1 - Power of Attorney
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact09/24/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

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