Rimini Street CEO logs RSU vest and tax sale
Rimini Street, Inc. President, CEO and Chairman Seth A. Ravin reported RSU vesting and a related tax sale.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,667 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,667 | $0.00 | $0.00 |
| Sale | Common Stock | 3,080 | $3.7187 | $11K |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. 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.
- F2. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F3. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did RMNI CEO Seth A. Ravin report on March 3, 2026?
Was the Rimini Street (RMNI) insider stock sale initiated by CEO Seth A. Ravin?
What do the Restricted Stock Units represent in the Rimini Street (RMNI) Form 4 filing?
What is the vesting schedule of Seth A. Ravin’s 20,000 Rimini Street RSUs?
AI-generated analysis. How Rhea-AI works. Not financial advice.