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Rimini Street (RMNI) Form 4: EVP & Chief Recurring Revenue Officer Kevin Maddock reported routine equity activity dated 08/02/2025.
- RSU vesting: 3,334 Restricted Stock Units vested and converted to common shares (Code M) at a cost basis of $0.
- Sell-to-cover: 1,222 shares were automatically sold (Code S) at $4.0648 on 08/04/2025 to satisfy withholding taxes; the sale was not discretionary.
- Resulting ownership: Maddock now holds 148,515 RMNI shares directly, a net increase of 2,112 shares versus pre-vesting levels. No derivative securities remain from this grant.
- The RSUs stem from a 10,000-unit award granted 08/02/2022 that vests in three equal annual tranches; this filing reflects the final tranche.
The transaction appears administrative and does not signal a directional view on RMNI’s prospects.