RMNI CRO granted 16,896 performance units

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

Rhea-AI Filing Summary

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

Rimini Street, Inc. executive vice president and chief revenue officer Steven Hershkowitz received an award of 16,896 Performance Units effective February 19, 2026. Each unit represents a contingent right to receive one share of common stock upon vesting.

The units were earned under the company’s 2025 Long-Term Incentive Plan based on achievement of 2025 Adjusted EBITDA and total revenue performance goals. They are subject to additional time-based vesting in three equal installments on March 4, 2026, March 4, 2027, and March 4, 2028, contingent on continued service. Following these transactions, Hershkowitz directly holds 99,945 shares of common stock.

Insider Trade Summary

Grant/Award: 16,896 shares

Grant/Award 2 txns

Insider Hershkowitz Steven

Role EVP & Chief Revenue Officer

Type	Security	Shares	Price	Value
Grant/Award	Performance Units	16,896	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Performance Units — 16,896 contracts (Direct); Common Stock — 99,945 shares (Direct)

Footnotes (3)

1. F1. Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
2. F2. Represents "Earned Performance Units" 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).
3. F3. 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, 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 applicable vesting date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did RMNI executive Steven Hershkowitz report on this Form 4?

Steven Hershkowitz reported receiving 16,896 Performance Units in Rimini Street stock-based compensation. These units were granted for meeting 2025 Adjusted EBITDA and total revenue targets and convert into common shares only as they vest over three years.

How many Rimini Street (RMNI) Performance Units were granted to Steven Hershkowitz?

Steven Hershkowitz was granted 16,896 Performance Units. Each Performance Unit represents a contingent right to receive one share of Rimini Street common stock, subject to specific performance conditions and future time-based vesting dates through March 4, 2028.

What performance goals determine Steven Hershkowitz’s RMNI Performance Units?

The Performance Units were earned based on Rimini Street’s 2025 performance against target Adjusted EBITDA and target total revenue goals. Achievement of these fiscal year 2025 metrics under the 2025 Long-Term Incentive Plan drove the number of “Earned Performance Units” granted.

When do Steven Hershkowitz’s Rimini Street Performance Units vest?

The Performance Units vest in three equal installments on March 4, 2026, March 4, 2027, and March 4, 2028. Vesting requires that Steven Hershkowitz continue as a Service Provider under Rimini Street’s equity incentive plan through each vesting date.

How many Rimini Street common shares does Steven Hershkowitz hold after this filing?

After the reported transactions, Steven Hershkowitz directly holds 99,945 shares of Rimini Street common stock. This figure reflects his direct ownership position as reported, separate from the unvested Performance Units that may convert into additional shares over time.

Are Steven Hershkowitz’s RMNI Performance Units immediately payable in stock?

No, the Performance Units are not immediately payable. Each unit is a contingent right to receive one Rimini Street common share, and shares are delivered only as units vest according to the time-based schedule and continued service requirements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/20/2026 - 04:16 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)
02/19/2026

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
Performance Units	(1)	02/19/2026		A		16,896(2)		(3)	(3)	Common Stock	16,896	$0	16,896	D

Explanation of Responses:

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

2. Represents "Earned Performance Units" 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).

3. 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, 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 applicable vesting date.

Remarks:

	/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact	02/20/2026
	** 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.
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