Rimini Street (NASDAQ: RMNI) CEO reports equity awards, tax sales and 115K-share gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rimini Street, Inc. President, CEO & Chairman Ravin Seth A. reported multiple equity transactions dated March 4, 2026. He acquired 68,964 shares of common stock from vested Restricted Stock Units and 56,322 shares from vested Performance Units through derivative exercises at a price of $0.00 per share.
On the same date, a total of 52,085 common shares were sold in open-market transactions at $3.6428 per share, with footnotes stating these were automatically triggered “sell-to-cover” trades for tax withholding and were not initiated by him. He also made a bona fide gift of 115,000 common shares.
Following these transactions, he directly held 640,326 shares of common stock, plus 137,932 Restricted Stock Units and 112,643 Performance Units, and indirectly held 10,491,309 common shares through the SAR Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 52,085 shares ($189,735)
Net Sell
8 txns
Insider
Ravin Seth A.
Role
President, CEO & Chairman
Sold
52,085 shs ($190K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 68,964 | $0.00 | -- |
| Exercise | Performance Units | 56,322 | $0.00 | -- |
| Exercise | Common Stock | 68,964 | $0.00 | -- |
| Sale | Common Stock | 28,525 | $3.6428 | $104K |
| Exercise | Common Stock | 56,322 | $0.00 | -- |
| Sale | Common Stock | 23,560 | $3.6428 | $86K |
| Gift | Common Stock | 115,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 137,932 shares (Direct);
Performance Units — 112,643 shares (Direct);
Common Stock — 751,089 shares (Direct);
Common Stock — 10,491,309 shares (Indirect, Through the SAR Trust)
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 Restricted Stock Unit vesting events. The Reporting Person did not initiate the sale. Represents one third of the total 168,965 "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated February 20, 2026) under the terms of the Issuer's 2025 Long-Term Incentive Plan based upon the Issuer's achievement against a target "Adjusted EBITDA" performance goal for fiscal year 2025 and the Issuer's achievement against a target "Total Revenue" performance goal for fiscal year 2025, effective as of February 19, 2026 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2025). 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 4, 2025, the Reporting Person was granted 206,896 Restricted Stock Units, one-third of which vested on March 4, 2026. The remaining two-thirds will vest ratably on March 4, 2027, and March 4, 2028, 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. Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. The Performance Units are subject to additional time-based vesting requirements and will vest in three (3) equal installments on March 4, 2026, March 4, 2024 and March 4, 2028, 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 did RMNI CEO Ravin Seth A. report in this Form 4?
The Form 4 shows Rimini Street (RMNI) CEO Ravin Seth A. exercising equity awards, selling shares to cover taxes, and making a stock gift. He converted vested RSUs and Performance Units into common stock, then executed automatic tax-related sales and a bona fide gift of 115,000 shares.
Were the Rimini Street (RMNI) stock sales by the CEO discretionary?
The reported stock sales were automatically triggered “sell-to-cover” transactions related to tax withholding on vesting equity awards. Footnotes state these trades followed the company’s tax-withholding policy, and that the reporting person did not initiate the sales himself, indicating they were administrative rather than discretionary.
What stock gift did the Rimini Street (RMNI) CEO make?
The CEO reported a bona fide gift of 115,000 Rimini Street common shares coded as a G transaction. Gift transactions are non-sale dispositions where the insider transfers shares without consideration, typically to another person or entity, and still must be disclosed under insider reporting rules.
What are the key details of the CEO’s Rimini Street (RMNI) equity awards?
The CEO held Restricted Stock Units and Performance Units, each convertible into one common share upon vesting. A March 4, 2025 grant of 206,896 RSUs vests in three annual tranches, while Performance Units vest in three equal installments on March 4, 2026, March 4, 2024 and March 4, 2028.