Rimini Street (NASDAQ: RMNI) CEO awarded RSUs and stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ravin Seth A. reported acquisition or exercise transactions in this Form 4 filing.
Rimini Street, Inc. director, president, CEO and chairman Seth A. Ravin reported equity awards and updated holdings. On March 2, 2026, he was granted 212,903 Restricted Stock Units, each representing a right to one share of common stock upon vesting, and 221,028 employee stock options, both vesting in three equal annual installments on March 2, 2027, 2028 and 2029, generally contingent on his continued service under the 2013 Equity Incentive Plan. As of that date, he reported 678,538 shares of common stock held directly and 10,491,309 shares held indirectly through the SAR Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Ravin Seth A.
Role
President, CEO & Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 212,903 | $0.00 | -- |
| Grant/Award | Employee Stock Options (Right to Buy) | 221,028 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 212,903 shares (Direct);
Employee Stock Options (Right to Buy) — 221,028 shares (Direct);
Common Stock — 678,538 shares (Direct);
Common Stock — 10,491,309 shares (Indirect, Through the SAR Trust)
Footnotes (1)
- Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. On March 2, 2026, the Reporting Person was granted 212,903 Restricted Stock Units that will vest ratably in three (3) annual installments on March 2, 2027, March 2, 2028 and March 2, 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. The Employee Stock Options will vest in three (3) equal installments on March 2, 2027, March 2, 2028 and March 2, 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.
FAQ
What equity awards did RMNI CEO Seth A. Ravin receive on March 2, 2026?
Seth A. Ravin received 212,903 Restricted Stock Units and 221,028 employee stock options on March 2, 2026. Both awards were granted at a price of $0.00 per unit or option as part of his equity compensation package.
How do the new Rimini Street RSUs for Seth A. Ravin vest?
The 212,903 Restricted Stock Units vest in three annual installments on March 2, 2027, March 2, 2028 and March 2, 2029. Each RSU represents a contingent right to receive one share of Rimini Street common stock upon vesting, subject to continued service.
What is the vesting schedule for Seth A. Ravin’s new RMNI stock options?
The 221,028 employee stock options vest in three equal installments on March 2, 2027, March 2, 2028 and March 2, 2029. Vesting generally requires Ravin to remain a Service Provider under Rimini Street’s 2013 Equity Incentive Plan through each vesting date.
Are Seth A. Ravin’s new RMNI equity awards performance-based or service-based?
The disclosures describe the RSUs and stock options as vesting generally subject to continued service as a Service Provider. The filing ties vesting to service under the 2013 Equity Incentive Plan rather than specifying additional performance-based conditions.