Form 4: Rimini Street CFO Sells Shares Under Pre-Arranged Plan

Rimini Street's EVP & CFO, Michael L. Perica, sold 100,249 shares of common stock for a weighted average price of $4.1957 per share as part of a Rule 10b5-1 trading plan.

Summary

• Michael L. Perica, Executive Vice President and Chief Financial Officer of Rimini Street, Inc. (RMNI), reported a sale of common stock.
• The transaction involved the disposition of 100,249 shares of Rimini Street Common Stock.
• The shares were sold on September 2, 2025, at a weighted average price of $4.1957 per share.
• The sale was executed automatically pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Perica on June 2, 2025.
• The shares were sold in multiple transactions with prices ranging from $4.12 to $4.325, inclusive.
• Following this transaction, Mr. Perica beneficially owns 146,032 shares of Rimini Street Common Stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be perceived negatively, the fact that it was executed under a pre-arranged Rule 10b5-1 plan mitigates concerns that it is based on new, adverse information. It is a routine personal financial management event.

Positives

• The sale was executed pursuant to a pre-arranged Rule 10b5-1 trading plan, indicating a scheduled transaction rather than a reaction to new, non-public information.

Negatives

• The transaction represents a reduction in direct beneficial ownership by a key executive, with 100,249 shares sold.

Risks

• Potential for market misinterpretation of insider selling as a lack of confidence, despite the pre-planned nature of the transaction.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, common across all publicly traded companies. It reflects a pre-scheduled sale by an executive, which is a standard practice for personal financial planning and diversification, often facilitated by Rule 10b5-1 plans to avoid accusations of trading on material non-public information.

Stakeholder Impact

• Shareholders may interpret the reduction in insider ownership differently, though the pre-planned nature of the sale under a 10b5-1 plan typically lessens concerns about its implications for the company's immediate prospects.

Key Dates

Keywords

Rimini Street, RMNI, Insider Trading, Form 4, Stock Sale, Michael L. Perica, CFO, 10b5-1 Plan