Rimini Street (RMNI) CFO executes pre-planned $205K stock sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rimini Street, Inc. Executive Vice President and Chief Financial Officer Michael L. Perica executed an open-market sale of 51,246 shares of Common Stock at $4.00 per share. The sale, worth roughly $205K, was carried out automatically under a pre-arranged Rule 10b5-1 trading plan adopted on June 2, 2025. After this transaction, he directly holds 116,505 shares, indicating he retained a substantial portion of his prior stake.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 51,246 shares ($204,984)
Net Sell
1 txn
Insider
Perica Michael L.
Role
EVP & Chief Financial Officer
Sold
51,246 shs ($205K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 51,246 | $4.00 | $205K |
Holdings After Transaction:
Common Stock — 116,505 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 51,246 shares
Sale price: $4.00 per share
Approximate sale value: $205K
+2 more
5 metrics
Shares sold
51,246 shares
Open-market sale on May 1, 2026
Sale price
$4.00 per share
Transaction price for Common Stock
Approximate sale value
$205K
51,246 shares sold at $4.00
Shares held after transaction
116,505 shares
Direct holdings following sale
Net shares sold
51,246 shares
Net change from this Form 4
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common Stock, Form 4
4 terms
Rule 10b5-1 trading plan financial
"The reported sale of 51,246 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Rimini Street (RMNI) report for its CFO?
Rimini Street reported that CFO Michael L. Perica sold 51,246 shares of Common Stock at $4.00 per share. This was an open-market sale executed under a pre-arranged Rule 10b5-1 trading plan, rather than a spontaneous trade decision.
How large was the recent Rimini Street (RMNI) CFO stock sale in dollar terms?
The CFO’s sale of 51,246 Rimini Street shares at $4.00 per share totals roughly $205,000. This figure comes directly from multiplying the disclosed share count by the reported sale price in the insider transaction filing.
Was the Rimini Street (RMNI) CFO stock sale under a Rule 10b5-1 plan?
Yes. The Form 4 footnote states the 51,246-share sale occurred automatically under a Rule 10b5-1 trading plan. The plan was adopted on June 2, 2025, indicating the trade was pre-scheduled rather than timed discretionarily.