Rimini Street CFO nets shares after RSU vesting
Rimini Street EVP & CFO Michael L. Perica reported activity tied to restricted stock units on March 3, 2026.
Rhea-AI Filing Summary
Rimini Street EVP & CFO Michael L. Perica reported activity tied to restricted stock units on March 3, 2026. He converted 6,667 Restricted Stock Units into the same number of shares of common stock at no exercise price, then an automatically triggered sell-to-cover transaction sold 3,140 shares to satisfy tax withholding obligations under the company’s policy. After these transactions, he directly held 95,677 shares of Rimini Street common stock.
The Form 4 footnotes state that Perica did not initiate the sell order and that the RSUs came from a 20,000-unit grant made on March 3, 2023, vesting in service-based annual tranches through March 3, 2026.
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 | 3,140 | $3.7187 | $12K |
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 Performance 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 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 Rimini Street (RMNI) report for CFO Michael Perica?
Was the Rimini Street (RMNI) insider stock sale initiated by CFO Michael Perica?
What is the origin of the Restricted Stock Units reported by Rimini Street (RMNI)?
AI-generated analysis. How Rhea-AI works. Not financial advice.