STOCK TITAN

Rimini Street (RMNI) CEO reports RSU vesting and tax sell

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
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 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)
  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.
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*
Ravin Seth A.

(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)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
President, CEO & Chairman
3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026
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 03/03/2026 M 6,667 A $0 685,205 D
Common Stock 03/03/2026 S(1) 3,080(1) D(1) $3.7187 682,125 D
Common Stock 10,491,309 I Through the SAR Trust
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 (2) 03/03/2026 M 6,667 (3) (3) Common Stock 6,667 $0 0 D
Explanation of Responses:
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.
2. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
3. 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.
Remarks:
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact 03/06/2026
** 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 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.

How many Rimini Street (RMNI) shares does Seth A. Ravin hold after these Form 4 transactions?

After the March 3, 2026 activity, Ravin directly owned 682,125 Rimini Street common shares. He also indirectly held 10,491,309 common shares through the SAR Trust, reflecting both his direct and trust-related ownership positions disclosed in the Form 4.

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.