Rimini Street (RMNI) CEO reports RSU vesting and tax sell
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rimini Street, Inc. President, CEO and Chairman Seth A. Ravin reported RSU vesting and a related tax sale. On March 3, 2026, he exercised 6,667 Restricted Stock Units into 6,667 shares of Common Stock at $0.00 per share, a derivative conversion.
The filing then shows an automatically triggered “sell-to-cover” transaction of 3,080 Common shares at $3.7187 per share to satisfy withholding taxes; the footnote states Ravin did not initiate this sale. After these transactions, he directly held 682,125 Common shares and indirectly held 10,491,309 Common shares through the SAR Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,080 shares ($11,454)
Net Sell
4 txns
Insider
Ravin Seth A.
Role
President, CEO & Chairman
Sold
3,080 shs ($11K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,667 | $0.00 | -- |
| Exercise | Common Stock | 6,667 | $0.00 | -- |
| Sale | Common Stock | 3,080 | $3.7187 | $11K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 685,205 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. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. On March 3, 2023 , the Reporting Person was granted 20,000 Restricted Stock Units, one-third of which vested on March 3, 2024, one-third of which vested on March 3 ,2025, and one-third of which vested on March 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.
FAQ
What insider transactions did RMNI CEO Seth A. Ravin report on March 3, 2026?
Seth A. Ravin reported exercising 6,667 Restricted Stock Units into 6,667 Rimini Street common shares, then an automatically triggered sale of 3,080 shares at $3.7187 each to cover tax withholdings, as described in the footnotes.
Was the Rimini Street (RMNI) insider stock sale initiated by CEO Seth A. Ravin?
The filing states the 3,080-share sale at $3.7187 was an automatically triggered “sell-to-cover” transaction for withholding taxes. According to the footnote, the issuer’s policy drove the sale and Ravin did not personally initiate this disposition.
What do the Restricted Stock Units represent in the Rimini Street (RMNI) Form 4 filing?
Each Restricted Stock Unit represents a contingent right to receive one share of Rimini Street common stock upon vesting. The filing notes that 6,667 RSUs converted into 6,667 common shares as part of a grant originally awarded on March 3, 2023.
What is the vesting schedule of Seth A. Ravin’s 20,000 Rimini Street RSUs?
The Form 4 explains a 20,000-RSU grant from March 3, 2023 vests in three equal parts: one‑third on March 3, 2024, one‑third on March 3, 2025, and one‑third on March 3, 2026, generally conditioned on Ravin continuing as a Service Provider.