Rimini Street CEO sells 322K shares at about $5
Rhea-AI Filing Summary
Rimini Street, Inc. (RMNI) disclosed that President, CEO & Chairman Seth A. Ravin, through the SAR Trust, sold a total of 322,707 shares of Common Stock on September 2–4, 2026 in open market or private transactions at weighted average prices between about $5.02 and $5.18 per share. A separate line shows 882,900 shares of Common Stock held directly by Mr. Ravin as of September 2, 2026. No Rule 10b5-1 trading plan is reported for these transactions.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 322,707 shares
Net Sell
4 txns
Insider
Ravin Seth A.
Role
President, CEO & Chairman
Sold
322,707 shs ($1.66M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3 | 89,639 | $5.0197 | $450K |
| Sale | Common Stock F2 | 41,366 | $5.1619 | $214K |
| Sale | Common Stock F1 | 191,702 | $5.1753 | $992K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,168,602 shares (Indirect, Through the SAR Trust);
Common Stock — 882,900 shares (Direct)
Footnotes (3)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.15 to $5.23, inclusive. The Reporting Person undertakes to provide to Rimini Street, Inc., any security holder of Rimini Street, Inc., or the staff of the United States Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote of this Form 4.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.10 to $5.245, inclusive. The Reporting Person undertakes to provide to Rimini Street, Inc., any security holder of Rimini Street, Inc., or the staff of the United States Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote of this Form 4.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.005 to $5.065, inclusive. The Reporting Person undertakes to provide to Rimini Street, Inc., any security holder of Rimini Street, Inc., or the staff of the United States Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote of this Form 4.
Key Figures
Shares sold September 2, 2026: 191,702 shares at $5.1753 per share
Shares sold September 3, 2026: 41,366 shares at $5.1619 per share
Shares sold September 4, 2026: 89,639 shares at $5.0197 per share
+2 more
5 metrics
Shares sold September 2, 2026
191,702 shares at $5.1753 per share
Indirect sale of Common Stock through the SAR Trust
Shares sold September 3, 2026
41,366 shares at $5.1619 per share
Indirect sale of Common Stock through the SAR Trust
Shares sold September 4, 2026
89,639 shares at $5.0197 per share
Indirect sale of Common Stock through the SAR Trust
Total shares sold
322,707 shares
Aggregate indirect sales reported for September 2–4, 2026
Direct holdings after transaction date
882,900 shares
Common Stock held directly by Seth A. Ravin as of September 2, 2026
Key Terms
weighted average price, indirect ownership, open market or private transaction, SAR Trust
4 terms
weighted average price financial
"The price reported ... is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
indirect ownership financial
"The sales were reported as indirect ownership through the SAR Trust."
open market or private transaction financial
"Described as a sale in open market or private transaction."
SAR Trust financial
"Indirect ownership noted as through the SAR Trust."
FAQ
What insider transactions did RMNI report for CEO Seth A. Ravin?
Rimini Street reported that Seth A. Ravin, via the SAR Trust, sold 322,707 shares of Common Stock on September 2–4, 2026 in open market or private transactions at weighted average prices just above $5 per share.
On what dates did the RMNI insider sales occur and at what prices?
The SAR Trust sold RMNI Common Stock on September 2, 3 and 4, 2026 at weighted average prices of $5.1753, $5.1619 and $5.0197 per share, respectively, with actual trade prices within narrow ranges around those averages.
Were the reported RMNI insider sales made under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 plan is affirmed for these transactions, meaning the reported sales by the SAR Trust are not identified as having been executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.