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Rimini Street (RMNI) EVP exercises 20,461 vested share units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Rimini Street, Inc. executive vice president Kevin Maddock reported the vesting and exercise of equity awards that delivered 20,461 shares of Common Stock. These came from 5,090 Restricted Stock Units and 15,371 Performance Units that converted at a price of $0.00 per share.

Following these transactions, Maddock directly owned 207,939 shares of Rimini Street Common Stock. The vested awards were granted under the company’s equity incentive plans and tied to both time-based service and achievement of 2023 performance goals such as Adjusted EBITDA and Total Revenue.

Positive

  • None.

Negative

  • None.
Insider Maddock Kevin
Role EVP,ChiefRecurringRev.Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 5,090 $0.00 --
Exercise Performance Units 15,371 $0.00 --
Exercise Common Stock 5,090 $0.00 --
Exercise Common Stock 15,371 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Performance Units — 0 shares (Direct); Common Stock — 192,568 shares (Direct)
Footnotes (1)
  1. Represents one-third of the total 46,106 "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated February 28, 2024) under the terms of the Issuer's 2023 Long-Term Incentive Plan based upon the Issuer's achievement against a target "Adjusted EBITDA" goal for fiscal year 2023 and the Issuer's achievement against a target "Total Revenue" performance goal for fiscal year 2023, effective as of February 28, 2024 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2023). Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. On April 3, 2023, the Reporting Person was granted 15,267 Restricted Stock Units, one-third of which vested on April 3, 2024, one-third of which vested on April 3, 2025, and one-third of which vested on April 3, 2026, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the vesting date. Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. One-third of the "Earned Performance Units" vested on April 3, 2024, one-third of the "Earned Performance Units" vested on April 3, 2025, and one-third of the "Earned Performance Units" vested on April 3, 2026, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the vesting date.
Units exercised 20,461 shares Total Common Stock from RSU and Performance Unit exercises on April 3, 2026
RSUs converted 5,090 units Restricted Stock Units converted into Common Stock at $0.00 per share
Performance Units converted 15,371 units Performance Units converted into Common Stock at $0.00 per share
Shares owned after transaction 207,939 shares Direct Common Stock holdings following Form 4 transactions
RSU grant size 15,267 units Restricted Stock Units granted April 3, 2023, vesting in three equal annual tranches
Earned Performance Units 46,106 units Earned based on 2023 Adjusted EBITDA and Total Revenue goals, effective February 28, 2024
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Units financial
"Each Performance Unit represents a contingent right to receive one share"
Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.
Earned Performance Units financial
"Represents one-third of the total 46,106 "Earned Performance Units""
Adjusted EBITDA financial
"based upon the Issuer's achievement against a target "Adjusted EBITDA" goal"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Total Revenue financial
"and the Issuer's achievement against a target "Total Revenue" performance goal"
2013 Equity Incentive Plan financial
"defined in the Issuer's 2013 Equity Incentive Plan"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Maddock Kevin
(Last)(First)(Middle)
C/O 1700 S. PAVILION CENTER DRIVE
SUITE 330
(Street)
LAS VEGAS NEVADA 89135
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Rimini Street, Inc. [ RMNI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP,ChiefRecurringRev.Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/03/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/03/2026M5,090A$0192,568D
Common Stock04/03/2026M15,371(1)A$0207,939D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)04/03/2026M5,090 (3) (3)Common Stock5,090$00D
Performance Units(4)04/03/2026M15,371 (5) (5)Common Stock15,371$00D
Explanation of Responses:
1. Represents one-third of the total 46,106 "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated February 28, 2024) under the terms of the Issuer's 2023 Long-Term Incentive Plan based upon the Issuer's achievement against a target "Adjusted EBITDA" goal for fiscal year 2023 and the Issuer's achievement against a target "Total Revenue" performance goal for fiscal year 2023, effective as of February 28, 2024 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2023).
2. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
3. On April 3, 2023, the Reporting Person was granted 15,267 Restricted Stock Units, one-third of which vested on April 3, 2024, one-third of which vested on April 3, 2025, and one-third of which vested on April 3, 2026, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the vesting date.
4. Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
5. One-third of the "Earned Performance Units" vested on April 3, 2024, one-third of the "Earned Performance Units" vested on April 3, 2025, and one-third of the "Earned Performance Units" vested on April 3, 2026, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the vesting date.
Remarks:
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact04/07/2026
** 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 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).
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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Rimini Street (RMNI) executive Kevin Maddock report in this Form 4 filing?

Kevin Maddock reported equity award vesting and exercises that delivered 20,461 Rimini Street Common Stock shares. The shares came from Restricted Stock Units and Performance Units granted as compensation under company incentive plans, rather than from any open‑market stock purchase or sale.

How many Rimini Street shares does Kevin Maddock hold after these transactions?

After the reported equity award vesting and exercises, Kevin Maddock directly holds 207,939 shares of Rimini Street Common Stock. This figure reflects his updated ownership position following the conversion of 20,461 units into shares on April 3, 2026, at zero exercise price.

What equity awards vested for Kevin Maddock at Rimini Street (RMNI)?

5,090 Restricted Stock Units and 15,371 Performance Units vested and converted into 20,461 Rimini Street Common Stock shares. These awards were granted under company incentive plans and became earned based on service conditions and 2023 performance goals for Adjusted EBITDA and Total Revenue.

Were there any open-market stock sales or purchases by Kevin Maddock in this Rimini Street Form 4?

The Form 4 shows only derivative exercises and conversions of Restricted Stock Units and Performance Units into Common Stock at $0.00 per share. It does not report any open‑market stock purchases or sales; all transactions are compensation-related equity vesting events.

How were Kevin Maddock’s Performance Units at Rimini Street determined and when did they vest?

Maddock had 46,106 Earned Performance Units based on Rimini Street’s 2023 Adjusted EBITDA and Total Revenue goals, effective February 28, 2024. One‑third of these units vested on each of April 3, 2024, April 3, 2025, and April 3, 2026, contingent on continued service.