Rimini Street EVP exercises RSUs, sells shares for tax
Rimini Street EVP & Chief Marketing Officer David W. Rowe exercised 6,667 Restricted Stock Units on March 3, 2026, receiving an equal number of Rimini Street common shares at a price of $0.00 per share.
Rhea-AI Filing Summary
Rimini Street EVP & Chief Marketing Officer David W. Rowe exercised 6,667 Restricted Stock Units on March 3, 2026, receiving an equal number of Rimini Street common shares at a price of $0.00 per share.
On the same day, 2,809 of these common shares were sold at an average price of $3.7187 in an automatically triggered “sell‑to‑cover” transaction to satisfy withholding tax obligations under the company’s policy, a sale the reporting person did not initiate. After these transactions, he directly owned 457,789 Rimini Street common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,667 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,667 | $0.00 | $0.00 |
| Sale | Common Stock | 2,809 | $3.7187 | $10K |
Footnotes (3)
- F1. 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.
- F2. Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F3. 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-third 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
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What did Rimini Street (RMNI) executive David Rowe report in this Form 4?
What equity award did David Rowe receive from Rimini Street (RMNI) originally?
What does each Performance Unit in Rimini Street (RMNI) represent for David Rowe?
AI-generated analysis. How Rhea-AI works. Not financial advice.