Rimini Street EVP acquires 27,128 shares via awards
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Rimini Street EVP & Chief Client Officer Nancy Lyskawa exercised equity awards into common stock of Rimini Street, Inc. On April 3, 2026, she converted Restricted Stock Units and Performance Units into a total of 27,128 shares of common stock at an exercise price of $0.00 per share.
The underlying awards were granted under the company’s long-term and equity incentive plans and vested over time based on continued service and performance goals tied to Adjusted EBITDA and Total Revenue for fiscal year 2023. Following these conversions, she directly holds 227,250 shares of Rimini Street common stock.
Insider Trade Summary
27,128 shares exercised/converted
Exercise
6 txns
Insider
Lyskawa Nancy
Role
EVP & Chief Client Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,667 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 5,090 | $0.00 | $0.00 |
| Exercise | Performance Units | 15,371 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,667 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,090 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,371 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Performance Units — 0 contracts (Direct);
Common Stock — 227,250 shares (Direct)
Footnotes (6)
- F1. 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).
- F2. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F3. On April 3, 2023, the Reporting Person was granted 20,000 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.
- F4. 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.
- F5. Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F6. 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.
Key Figures
Shares acquired via award exercises: 27,128 shares
Post-transaction holdings: 227,250 shares
RSU tranche 1: 6,667 shares
+5 more
8 metrics
Shares acquired via award exercises
27,128 shares
Total underlying shares from RSUs and Performance Units exercised on April 3, 2026
Post-transaction holdings
227,250 shares
Common stock directly held by Nancy Lyskawa after April 3, 2026 transactions
RSU tranche 1
6,667 shares
Restricted Stock Units converted into common stock on April 3, 2026
RSU tranche 2
5,090 shares
Additional Restricted Stock Units converted into common stock on April 3, 2026
Performance Units converted
15,371 shares
One-third of 46,106 Earned Performance Units converted into common stock
Total Earned Performance Units
46,106 units
Earned based on 2023 Adjusted EBITDA and Total Revenue goals
RSU grant 1 size
20,000 units
Restricted Stock Units granted April 3, 2023 under equity incentive plan
RSU grant 2 size
15,267 units
Additional Restricted Stock Units granted April 3, 2023 under equity incentive plan
Key Terms
Restricted Stock Units, Performance Units, Earned Performance Units, Adjusted EBITDA, +2 more
6 terms
Restricted Stock Units financial
"On April 3, 2023, the Reporting Person was granted 20,000 Restricted Stock Units"
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 for fiscal year 2023"
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 for fiscal year 2023"
Long-Term Incentive Plan financial
"under the terms of the Issuer's 2023 Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Rimini Street (RMNI) executive Nancy Lyskawa report in this Form 4?
Nancy Lyskawa reported exercising Restricted Stock Units and Performance Units into 27,128 Rimini Street common shares. These awards were part of long-term incentive and equity plans, vesting based on service and 2023 performance goals, and were converted at an exercise price of $0.00 per share.
Were Nancy Lyskawa’s Rimini Street (RMNI) transactions open-market purchases or sales?
These transactions were not open-market trades; they were exercises of equity awards. Lyskawa converted Restricted Stock Units and Performance Units into common shares at $0.00 per share as the awards vested, consistent with compensation arrangements under Rimini Street’s long-term incentive and equity plans.
What types of equity awards did Rimini Street (RMNI) use for Nancy Lyskawa?
Rimini Street granted Nancy Lyskawa Restricted Stock Units and Performance Units. Each unit represents a contingent right to receive one share of common stock upon vesting, tied to continued service and 2023 performance metrics including Adjusted EBITDA and Total Revenue targets under company incentive plans.
How were the Performance Units for Rimini Street (RMNI) executive Nancy Lyskawa earned?
The 46,106 Earned Performance Units were determined by Rimini Street’s 2023 Adjusted EBITDA and Total Revenue performance. One-third of these earned units, 15,371, vested and converted into common stock in this transaction sequence, with vesting tied to continued service through scheduled vesting dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
