Rimini Street, Inc. (RMNI) disclosed that President, CEO & Chairman Seth A. Ravin, through the SAR Trust, sold a total of 322,707 shares of Common Stock on September 2–4, 2026 in open market or private transactions at weighted average prices between about $5.02 and $5.18 per share. A separate line shows 882,900 shares of Common Stock held directly by Mr. Ravin as of September 2, 2026. No Rule 10b5-1 trading plan is reported for these transactions.
Rimini Street, Inc. (RMNI) has a notice under Rule 144 from SAR TRUST to sell up to 89,639 shares of common stock through Morgan Stanley Smith Barney LLC, with sales noted for NASDAQ as of September 4, 2026. SAR TRUST previously sold 41,366 shares for $213,527.16 on September 3, 2026 and 191,702 shares for $992,115.36 on September 2, 2026.
Rimini Street, Inc. (RMNI) has a selling securityholder, SAR TRUST, filing a notice of proposed sale of Rimini Street common stock under Rule 144. The trust plans to sell 41,366 shares of common stock through Morgan Stanley Smith Barney, with prior sales over the last three months also disclosed.
Rimini Street, Inc. (RMNI) is the issuer for a planned resale of its common stock under Rule 144 by SAR TRUST. The trust has filed to sell 191,702 shares of Rimini Street common stock, with an indicated aggregate market value of $992,115.36, through Morgan Stanley Smith Barney LLC on or after September 2, 2026 on NASDAQ.
The shares to be sold are described as founder stock originally acquired from Rimini Street on November 7, 2018 for cash. The notice is signed by Seth A. Ravin, Trustee of SAR TRUST.
Rimini Street, Inc. granted EVP & Chief Operating Officer Keith Conan Costello 150,000 Employee Stock Options with an exercise price of $4.96 per share and 150,000 Restricted Stock Units, each RSU representing one share of common stock. Both awards are subject to time-based vesting in three equal annual installments on August 17, 2027, 2028, and 2029, generally contingent on his continued service. Following these awards, Costello reports 150,000 options and 150,000 RSUs held directly and 0 shares of common stock held directly.
Rimini Street, Inc. (RMNI) executive Keith Conan Costello, EVP & Chief Operating Officer, filed an initial ownership report. The filing lists a holding entry for common stock with a footnote stating that no securities are beneficially owned, indicating no reportable equity position at this time.
Rimini Street, Inc. appointed Keith C. Costello, age 60, as Executive Vice President and Chief Operating Officer, effective August 17, 2026, making him the company’s principal operating officer. Costello brings more than 30 years of enterprise software and services experience, including senior roles at DXC Technology, IBM, Zuora, SAP SE, Siebel Systems and Oracle, and previously served at Rimini Street in 2016.
Under an August 5, 2026 offer letter, Costello will receive an annual base salary of $460,000 and a target annual cash bonus equal to 81.74% of salary, both prorated for 2026. He will receive onboarding equity awards on August 17, 2026 of 150,000 stock options and 150,000 RSUs, each vesting in three equal annual installments, with option exercise price set at fair market value on the grant date. If terminated without Cause or he resigns for Good Reason before a Change of Control, he is eligible for 12 months of base-salary continuation, target bonus and COBRA premium coverage; if such a termination occurs within 24 months after a Change of Control, his then-unvested Rimini Street equity awards will become 100% vested.
Rimini Street, Inc. reported that EVP & Chief Client Officer Nancy Lyskawa received a grant of 25,000 Employee Stock Options on August 7, 2026. The options have an exercise price of $5.05 per share, expire on August 7, 2036, and relate to 25,000 shares of common stock. According to the grant terms, the award will vest in three equal annual installments on August 7, 2027, August 7, 2028, and August 7, 2029, generally contingent on her continued service. Following this filing, she directly holds 233,509 shares of common stock and 25,000 options from this grant.
Rimini Street reported fiscal second-quarter 2026 revenue of $111.1 million, up 6.7% year over year, with Adjusted Revenue of $108.0 million, up 10.0% excluding Oracle PeopleSoft support. U.S. revenue was $48.4 million, down 1.6%, while international revenue rose 14.1% to $62.7 million. Subscription revenue contributed $103.2 million, or 92.9% of total revenue. Annualized Recurring Revenue reached $412.8 million, and Adjusted ARR $401.1 million, both growing, with 3,132 active clients and a Revenue Retention Rate of 90%. Remaining Performance Obligations were $636.9 million, up 8.0%, though Calculated Billings declined 8.8%.
Gross margin was 60.9%. Operating income was $6.4 million and net income $2.4 million, versus elevated 2025 levels that included a large litigation settlement benefit; on a non-GAAP basis, operating income was $9.2 million, net income $5.9 million, and Adjusted EBITDA $10.5 million. Cash and cash equivalents increased to $123.4 million, and the company prepaid $10 million of debt, reducing outstanding debt to $48.4 million. Rimini Street also introduced Rimini Govern™ for AI and expects third-quarter 2026 revenue of $110–$112 million, while reiterating full-year guidance for 4%–6% revenue growth and 12.5%–15.5% Adjusted EBITDA margins, aligned with its Rule of 20 target.
Rimini Street, Inc. reported second-quarter 2026 revenue of $111.1 million, up 6.7% year over year, with gross margin improving to 60.9%. Subscription revenue was $103 million, 93% of total, and annualized recurring revenue reached $413 million, with a 12‑month revenue retention rate of 90%.
Net income for the quarter was $2.4 million, compared with $30.3 million a year earlier, when results included a $36.2 million litigation settlement gain that did not recur. As of June 30, 2026, cash and cash equivalents were $123.4 million and remaining performance obligations totaled $636.9 million, including $267.1 million of deferred revenue.
The company generated $22.9 million of operating cash flow in the first half of 2026 and reduced term-loan debt to $46.6 million, with the next scheduled principal payment due April 30, 2029. Current liabilities exceeded current assets by $50.0 million, largely reflecting deferred revenue; management believes existing liquidity and cash from operations will cover anticipated needs for at least 12 months.