Rimini Street (RMNI) director exercises 55,727 units and receives new RSU grant
Rhea-AI Filing Summary
Rimini Street, Inc. director Jay G. Snyder reported equity compensation and an option-style exercise, with no share sales. On June 3, 2026 he received a grant of 44,117 Restricted Stock Units (RSUs), each representing one future share of common stock upon vesting.
All 44,117 RSUs will vest on the earlier of June 3, 2027 or the day before Rimini Street’s 2027 annual stockholders’ meeting, contingent on his continued board service. Separately, on June 2, 2026 he exercised 55,727 previously granted RSUs into 55,727 shares of common stock at a reported price of $0.00 per share, and after this exercise he directly owned 281,745 common shares.
Positive
- None.
Negative
- None.
Insights
Routine director equity grant plus exercise-and-hold, with no share sales disclosed.
Director Jay G. Snyder received 44,117 new Restricted Stock Units (RSUs) on June 3, 2026. The filing notes each RSU converts into one share of common stock upon vesting, which is scheduled for the earlier of June 3, 2027 or the day before the 2027 annual stockholders’ meeting, subject to continued board service.
On June 2, 2026, Snyder also exercised 55,727 previously granted RSUs into 55,727 common shares at a stated price of $0.00 per share. The related footnote indicates that this RSU award was originally granted on June 4, 2025 and fully vested on June 2, 2026. After the exercise, he directly held 281,745 common shares, suggesting an exercise-and-hold pattern rather than an exercise-and-sell event, with no open-market sales or tax-withholding dispositions reported in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 44,117 | $0.00 | -- |
| Exercise | Restricted Stock Units | 55,727 | $0.00 | -- |
| Exercise | Common Stock | 55,727 | $0.00 | -- |
Footnotes (1)
- Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. On June 4, 2025, the Reporting Person was awarded 55,727 Restricted Stock Units, 100% of which vested on June 2, 2026, or the day before the date of the Issuer's 2026 Annual Meeting of Stockholders. 100% of the Restricted Stock Units awarded will vest on the earlier to occur of (i) June 3, 2027 or (ii) the day before the date of the Issuer's 2027 Annual Meeting of Stockholders, contingent upon the Reporting Person's continued service as a member of the Issuer's Board of Directors through such date.