Rimini Street (RMNI) CRO Steven Hershkowitz receives RSUs and stock options

Rhea-AI Filing Summary

Hershkowitz Steven reported acquisition or exercise transactions in this Form 4 filing.

Rimini Street, Inc. executive Steven Hershkowitz, EVP & Chief Revenue Officer, reported equity awards on March 2, 2026. He received 32,258 Restricted Stock Units, each representing a right to one share of common stock upon vesting, and these units vest in three annual installments on March 2, 2027, March 2, 2028 and March 2, 2029, subject to continued service. He was also granted employee stock options covering 25,116 shares and an additional 100,000 shares, which vest in three equal installments on the same dates, also conditioned on continued service. A separate line shows he directly holds 99,945 shares of common stock following the reported transactions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hershkowitz Steven

(Last) (First) (Middle)

C/O 1700 S. PAVILION CENTER DRIVE

SUITE 330

(Street)

LAS VEGAS NV 89135

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Rimini Street, Inc. [ RMNI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Revenue Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								99,945	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/02/2026		A		32,258		(2)	(2)	Common Stock	32,258	$0	32,258	D
Employee Stock Options (Right to Buy)	$3.72	03/02/2026		A		25,116		(3)	03/02/2036	Common Stock	25,116	$0	25,116	D
Employee Stock Options (Right to Buy)	$3.72	03/02/2026		A		100,000		(3)	03/02/2036	Common Stock	100,000	$0	100,000	D

Explanation of Responses:

1. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.

2. On March 2, 2026, the Reporting Person was granted 32,258 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.

3. 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.

Remarks:

	/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What equity awards did RMNI executive Steven Hershkowitz receive on March 2, 2026?

On March 2, 2026, Steven Hershkowitz received 32,258 Restricted Stock Units and employee stock options covering 25,116 and 100,000 shares of Rimini Street common stock. These awards are part of his equity-based compensation.

How do the Rimini Street (RMNI) Restricted Stock Units granted to Steven Hershkowitz vest?

The 32,258 Restricted Stock Units granted to Steven Hershkowitz vest ratably in three annual installments on March 2, 2027, March 2, 2028 and March 2, 2029, generally requiring that he continue as a Service Provider under the company’s 2013 Equity Incentive Plan.

What is the vesting schedule for the RMNI stock options granted to Steven Hershkowitz?

The employee stock options covering 25,116 and 100,000 Rimini Street shares vest in three equal installments on March 2, 2027, March 2, 2028 and March 2, 2029, subject to Steven Hershkowitz continuing to be a Service Provider.

What does each Rimini Street Restricted Stock Unit granted to Steven Hershkowitz represent?

Each Restricted Stock Unit granted to Steven Hershkowitz represents a contingent right to receive one share of Rimini Street common stock upon vesting, aligning his compensation with future company performance if vesting conditions are satisfied.

How many Rimini Street (RMNI) common shares does Steven Hershkowitz hold after these transactions?

After the reported equity grants, Steven Hershkowitz is shown as directly holding 99,945 shares of Rimini Street common stock. This figure reflects his reported direct common stock position following the March 2, 2026 transactions.

Are the RMNI equity awards to Steven Hershkowitz subject to continued employment conditions?

Yes. Both the 32,258 Restricted Stock Units and the stock options for 25,116 and 100,000 shares generally require that Steven Hershkowitz continue as a Service Provider through each vesting date under Rimini Street’s 2013 Equity Incentive Plan.