Rimini Street (RMNI) CFO sells 53,882 shares in 10b5-1 plan trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rimini Street, Inc. Executive Vice President and Chief Financial Officer Michael L. Perica reported selling 53,882 shares of common stock on January 8, 2026 at a price of $4.00 per share. After this transaction, he beneficially owned 92,150 shares of Rimini Street common stock in direct form. The filing notes that this sale occurred automatically under a Rule 10b5-1 trading plan that he adopted on June 2, 2025, indicating the transactions were pre-scheduled rather than timed at his discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 53,882 shares ($215,528)
Net Sell
1 txn
Insider
Perica Michael L.
Role
EVP & Chief Financial Officer
Sold
53,882 shs ($216K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 53,882 | $4.00 | $216K |
Holdings After Transaction:
Common Stock — 92,150 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Rimini Street (RMNI) report in this Form 4?
The Form 4 reports that EVP & Chief Financial Officer Michael L. Perica sold 53,882 shares of Rimini Street common stock on January 8, 2026 at $4.00 per share.
Was the Rimini Street CFO sale under a Rule 10b5-1 trading plan?
Yes. The filing states that the 53,882-share sale occurred automatically under a Rule 10b5-1 trading plan adopted by the reporting person on June 2, 2025.
What is the role of the insider involved in this Rimini Street Form 4?
The reporting person, Michael L. Perica, serves as Rimini Street’s EVP & Chief Financial Officer, as indicated in the Form 4.
Is the Rimini Street CFO’s ownership reported as direct or indirect?
The Form 4 shows the CFO’s post-transaction ownership of 92,150 shares as direct (D) ownership, with no nature of indirect beneficial ownership listed.
What type of security was sold in this Rimini Street insider transaction?
The transaction involved Common Stock of Rimini Street, Inc., as shown in Table I for non-derivative securities.