Form 4: Rimini Street EVP Converts RSUs to Common Stock

Rimini Street's EVP & Chief Client Officer, Nancy Lyskawa, converted 33,333 Restricted Stock Units into common stock on December 17, 2025.

Summary

• Nancy Lyskawa, Executive Vice President and Chief Client Officer of Rimini Street, Inc. (RMNI), acquired 33,333 shares of common stock.
• This acquisition resulted from the vesting of Restricted Stock Units (RSUs) on December 17, 2025.
• The RSUs were part of a grant of 100,000 units made on December 17, 2024, with one-third vesting on this date.
• Following this transaction, Lyskawa directly owns 193,942 shares of Rimini Street common stock.
• She also directly holds 66,667 unvested Restricted Stock Units.

Sentiment

Score: 7

Explanation: The filing reports a routine, pre-scheduled vesting of executive equity, which is a positive for executive retention and alignment of interests, but does not introduce new material information about the company's performance or outlook.

Positives

• EVP & Chief Client Officer Nancy Lyskawa's equity stake in Rimini Street increased by 33,333 shares of common stock through RSU vesting.
• The vesting of RSUs aligns management's interests with shareholder value, incentivizing long-term performance.

Risks

• Future vesting of the remaining 66,667 Restricted Stock Units is contingent upon Nancy Lyskawa continuing to be a Service Provider (as defined in the Issuer's 2013 Equity Incentive Plan) through the applicable vesting dates.

Future Outlook

The remaining 66,667 Restricted Stock Units granted to Nancy Lyskawa are scheduled to vest ratably on December 17, 2026, and December 17, 2027, generally subject to her continued service as a Service Provider.

Industry Context

This Form 4 details a routine executive compensation event, specifically the vesting of Restricted Stock Units, which is a common practice across the technology and software industry to incentivize and retain key management personnel by aligning their long-term interests with shareholder value.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of executive compensation, with a multi-year vesting schedule, is a standard practice in the technology sector, comparable to companies like Oracle, SAP, and Salesforce, which also utilize equity awards to align executive interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: Experience minor dilution from the conversion of RSUs into common stock, but benefit from increased alignment of executive interests with long-term company performance.
• Employees: The vesting demonstrates the company's commitment to executive retention and the use of equity-based compensation as an incentive.

Next Steps

• Vesting of the next tranche of Restricted Stock Units on December 17, 2026, subject to continued service.
• Vesting of the final tranche of Restricted Stock Units on December 17, 2027, subject to continued service.

Key Dates

Recommendation

This Form 4 reports a routine, pre-scheduled vesting of Restricted Stock Units for an executive. It does not contain any new material information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transaction is a standard part of executive compensation and retention and is unlikely to significantly impact the stock price.

Keywords

Rimini Street, RMNI, Form 4, insider transaction, RSU vesting, executive compensation, Nancy Lyskawa, common stock