Rimini Street (RMNI) EVP Lyskawa exercises RSUs and sells shares for tax cover
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rimini Street, Inc. executive Nancy Lyskawa, EVP & Chief Client Officer, reported Form 4 transactions dated March 3, 2026. She exercised 6,667 Restricted Stock Units, converting them into 6,667 shares of common stock at a stated price of $0.00 per share.
On the same date, she sold 2,348 shares of common stock at an average price of $3.7187 per share in an open-market sale. A footnote explains this was an automatically triggered “sell-to-cover” transaction for tax withholding, and that she did not initiate the sale.
After these transactions, Lyskawa directly held 188,334 shares of Rimini Street common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,348 shares ($8,732)
Net Sell
3 txns
Insider
Lyskawa Nancy
Role
EVP & Chief Client Officer
Sold
2,348 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,667 | $0.00 | -- |
| Exercise | Common Stock | 6,667 | $0.00 | -- |
| Sale | Common Stock | 2,348 | $3.7187 | $9K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 190,682 shares (Direct)
Footnotes (1)
- Reported transaction is an automatically-triggered "sell-to-cover" transaction related to the payment of withholding tax obligations pursuant to the Issuer's policy for tax withholdings associated with Performance Unit vesting events. The Reporting Person did not initiate the sale. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. On March 3, 2023 , the Reporting Person was granted 20,000 Restricted Stock Units, one-third of which vested on March 3, 2024, one-third of which vested on March 3 ,2025, and one of which vested on March 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.
FAQ
What insider transactions did RMNI executive Nancy Lyskawa report on March 3, 2026?
Nancy Lyskawa reported both an equity award vesting and a related sale. She exercised 6,667 Restricted Stock Units into 6,667 Rimini Street common shares, then 2,348 shares were sold to cover tax withholding obligations under the company’s policy.
What Restricted Stock Unit grant underlies Nancy Lyskawa’s March 3, 2026 RMNI Form 4?
The filing references a 20,000-unit Restricted Stock Unit grant from March 3, 2023. According to a footnote, one-third vested on March 3, 2024, another third on March 3, 2025, and the remaining portion vested on March 3, 2026, subject to continued service.
How do Nancy Lyskawa’s RMNI Restricted Stock Units convert into common stock?
Each Restricted Stock Unit represents a right to receive one share of common stock. A footnote states that upon vesting, every unit converts into one Rimini Street common share, which explains the 6,667-share issuance reported on March 3, 2026.