Rimini Street CMO acquires 27,128 shares via vesting
Rimini Street EVP & Chief Marketing Officer David W. Rowe reported routine equity vesting and conversions into common stock.
Rhea-AI Filing Summary
Rimini Street EVP & Chief Marketing Officer David W. Rowe reported routine equity vesting and conversions into common stock. On April 3, 2026, previously granted Restricted Stock Units and Performance Units converted into a total of 27,128 shares of Common Stock at an exercise price of $0.00 per share, with no open‑market sales.
The vested awards included Restricted Stock Units granted on April 3, 2023 and Performance Units earned under the 2023 Long-Term Incentive Plan based on the company’s 2023 Adjusted EBITDA and Total Revenue goals. Following these conversions, Rowe directly owns 495,018 shares of Rimini Street common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
27,128 shares exercised/converted
Exercise
6 txns
Insider
Rowe David W.
Role
EVP & Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,090 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 6,667 | $0.00 | $0.00 |
| Exercise | Performance Units | 15,371 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,090 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,667 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,371 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Performance Units — 0 contracts (Direct);
Common Stock — 495,018 shares (Direct)
Footnotes (6)
- F1. Represents one-third of the total 46,106 "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated February 28, 2024) under the terms of the Issuer's 2023 Long-Term Incentive Plan based upon the Issuer's achievement against a target "Adjusted EBITDA" goal for fiscal year 2023 and the Issuer's achievement against a target "Total Revenue" performance goal for fiscal year 2023, effective as of February 28, 2024 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2023).
- F2. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F3. On April 3, 2023, the Reporting Person was granted 15,267 Restricted Stock Units, one-third of which vested on April 3, 2024, one-third of which vested on April 3, 2025, and one-third of which vested on April 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.
- F4. On April 3, 2023, the Reporting Person was granted 20,000 Restricted Stock Units, one-third of which vested on April 3, 2024, one-third of which vested on April 3, 2025, and one-third of which vested on April 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.
- F5. Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F6. One-third of the "Earned Performance Units" vested on April 3, 2024, one-third of the "Earned Performance Units" vested on April 3, 2025, and one-third of the "Earned Performance Units" vested on April 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.
Key Figures
Shares acquired via conversions: 27,128 shares
Exercise price: $0.00 per share
Post-transaction holdings: 495,018 shares
+3 more
6 metrics
Shares acquired via conversions
27,128 shares
Total underlying shares from RSUs and Performance Units exercised on April 3, 2026
Exercise price
$0.00 per share
Conversion of Restricted Stock Units and Performance Units into common stock
Post-transaction holdings
495,018 shares
Direct Rimini Street common stock held by David W. Rowe after April 3, 2026
RSU grant
15,267 units
Restricted Stock Units granted on April 3, 2023 under equity plan
Additional RSU grant
20,000 units
Restricted Stock Units granted on April 3, 2023 with three-year vesting
Earned Performance Units
46,106 units
Total Earned Performance Units based on 2023 Adjusted EBITDA and Total Revenue goals
Key Terms
Restricted Stock Units, Performance Units, Adjusted EBITDA, Total Revenue, +1 more
5 terms
Restricted Stock Units financial
"On April 3, 2023, the Reporting Person was granted 15,267 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.
Performance Units financial
"Each Performance Unit represents a contingent right to receive one share..."
Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.
Adjusted EBITDA financial
"based upon the Issuer's achievement against a target "Adjusted EBITDA" goal for fiscal year 2023"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Total Revenue financial
"and the Issuer's achievement against a target "Total Revenue" performance goal for fiscal year 2023"
Long-Term Incentive Plan financial
"under the terms of the Issuer's 2023 Long-Term Incentive Plan based upon the Issuer's achievement..."
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Rimini Street (RMNI) executive David W. Rowe report in this Form 4?
David W. Rowe reported routine equity vesting and conversions, not open-market trading. On April 3, 2026, his Restricted Stock Units and Performance Units converted into 27,128 shares of Rimini Street common stock at a $0.00 exercise price, reflecting compensation rather than a discretionary share purchase or sale.
Were David W. Rowe’s Rimini Street (RMNI) transactions open-market buys or sells?
The transactions were not open-market buys or sells. They are coded as derivative exercises (code M), reflecting the conversion of previously granted Restricted Stock Units and Performance Units into common stock at a $0.00 exercise price as part of his equity compensation program.
How were Rimini Street (RMNI) performance goals linked to David W. Rowe’s vested Performance Units?
Rowe’s Earned Performance Units were determined under the 2023 Long-Term Incentive Plan based on Rimini Street’s 2023 Adjusted EBITDA and Total Revenue performance goals. One-third of the earned units vested on April 3 of 2024, 2025, and 2026, subject to his continued service with the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
