STOCK TITAN

Rimini Street (RMNI) CFO logs RSU vesting and tax sell-to-cover

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

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 Perica Michael L.
Role EVP & Chief Financial Officer
Sold 3,140 shs ($12K)
Type Security Shares Price Value
Exercise Restricted Stock Units 6,667 $0.00 --
Exercise Common Stock 6,667 $0.00 --
Sale Common Stock 3,140 $3.7187 $12K
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 98,817 shares (Direct)
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 Performance 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 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.
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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*
Perica Michael L.

(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 Financial Officer
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 98,817 D
Common Stock 03/03/2026 S(1) 3,140(1) D(1) $3.7187 95,677 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
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 Performance 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 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 03/05/2026
** 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 Rimini Street (RMNI) report for CFO Michael Perica?

Rimini Street reported that CFO Michael Perica converted 6,667 Restricted Stock Units into common shares and an automatic sale of 3,140 shares. The sale was a sell-to-cover transaction to pay withholding taxes under the company’s policy, leaving him with 95,677 directly held shares.

Was the Rimini Street (RMNI) insider stock sale initiated by CFO Michael Perica?

No, the sale was not personally initiated by CFO Michael Perica. A footnote explains it was an automatically triggered sell-to-cover transaction to satisfy tax withholding obligations related to RSU vesting, executed under Rimini Street’s tax withholding policy rather than a discretionary open-market sale.

How many Rimini Street (RMNI) shares did the CFO acquire and sell in this Form 4?

The CFO acquired 6,667 shares of Rimini Street common stock through RSU conversion and sold 3,140 shares. The sale covered tax withholding on the vesting event, and after all transactions he directly owned 95,677 Rimini Street common shares, according to the reported totals.

What is the origin of the Restricted Stock Units reported by Rimini Street (RMNI)?

The Restricted Stock Units came from a 20,000-unit grant awarded on March 3, 2023. According to the footnotes, portions vested on March 3, 2024, March 3, 2025, and March 3, 2026, generally conditioned on Michael Perica’s continued status as a service provider to Rimini Street.

How many Rimini Street (RMNI) shares does CFO Michael Perica hold after these transactions?

After completing the RSU conversion and associated tax sell-to-cover, CFO Michael Perica directly held 95,677 shares. This figure comes from the post-transaction ownership reported for his final common stock transaction line, reflecting his remaining direct stake following the automatic sale.

At what price were Rimini Street (RMNI) shares sold in the CFO’s tax sell-to-cover?

The automatically triggered sale executed at a reported price of $3.7187 per share. In total, 3,140 common shares were sold to satisfy withholding tax obligations arising from the RSU vesting event, under Rimini Street’s policy for handling equity-related tax liabilities.