Rimini Street (RMNI) awards COO 150,000 options and 150,000 RSUs
Rhea-AI Filing Summary
Rimini Street, Inc. granted EVP & Chief Operating Officer Keith Conan Costello 150,000 Employee Stock Options with an exercise price of $4.96 per share and 150,000 Restricted Stock Units, each RSU representing one share of common stock. Both awards are subject to time-based vesting in three equal annual installments on August 17, 2027, 2028, and 2029, generally contingent on his continued service. Following these awards, Costello reports 150,000 options and 150,000 RSUs held directly and 0 shares of common stock held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Costello Keith Conan
Role
EVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options (Right to Buy) F1 | 150,000 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F2, F3 | 150,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options (Right to Buy) — 150,000 shares (Direct);
Restricted Stock Units — 150,000 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (3)
- F1. The Stock Options are subject to time-based vesting conditions and will vest in three (3) equal annual installments on August 17, 2027, August 17, 2028 and August 17, 2029, 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 applicable vesting date.
- F2. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F3. The Restricted Stock Units are subject to time-based vesting conditions and will vest in three (3) equal annual installments on August 17, 2027, August 17, 2028 and August 17, 2029, 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 applicable vesting date.
Key Figures
Stock options granted: 150,000 shares
Option exercise price: $4.96 per share
RSUs granted: 150,000 units
+3 more
6 metrics
Stock options granted
150,000 shares
Employee Stock Options (Right to Buy) granted on 2026-08-17
Option exercise price
$4.96 per share
Conversion or exercise price for 150,000 Employee Stock Options
RSUs granted
150,000 units
Restricted Stock Units granted on 2026-08-17
RSU underlying shares
150,000 shares
Each RSU represents one share of common stock
Option expiration date
2036-08-17
Expiration date of Employee Stock Options granted
Common stock held after transaction
0 shares
Directly held Rimini Street common stock after reported transactions
Key Terms
Employee Stock Options (Right to Buy), Restricted Stock Units, time-based vesting conditions, Service Provider, +1 more
5 terms
Employee Stock Options (Right to Buy) financial
"security_title "Employee Stock Options (Right to Buy)""
Restricted Stock Units financial
"security_title "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.
time-based vesting conditions financial
"The Stock Options are subject to time-based vesting conditions"
Service Provider financial
"subject to the Reporting Person continuing to be a Service Provider"
2013 Equity Incentive Plan financial
"as such term is defined in the Issuer's 2013 Equity Incentive Plan"
FAQ
What equity awards did RMNI grant to Keith Conan Costello on August 17, 2026?
Rimini Street, Inc. granted Keith Conan Costello 150,000 stock options at an exercise price of $4.96 and 150,000 Restricted Stock Units, each RSU convertible into one share of common stock, as part of his compensation package.
What is the vesting schedule for Keith Conan Costello’s RMNI stock options?
The 150,000 stock options vest in three equal annual installments on August 17, 2027, 2028, and 2029, generally conditioned on Costello continuing to be a Service Provider under Rimini Street’s 2013 Equity Incentive Plan.
How do the RMNI Restricted Stock Units granted to Keith Conan Costello vest?
The 150,000 Restricted Stock Units vest in three equal annual installments on August 17, 2027, 2028, and 2029, generally subject to Costello’s continued service. Each vested RSU represents a right to receive one share of Rimini Street common stock.
What does the $4.96 exercise price mean for Keith Conan Costello’s RMNI stock options?
The $4.96 exercise price is the amount per share Costello must pay to acquire each share of common stock under the 150,000 stock options, if and when those options become vested and he chooses to exercise them.
Are Keith Conan Costello’s new RMNI equity awards immediately exercisable or settled?
No, both the 150,000 stock options and 150,000 RSUs are subject to time-based vesting, with vesting in three equal tranches on August 17, 2027, 2028, and 2029, conditioned on continued service through each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
