Form 4: Rimini Street EVP Michael Perica Reports Stock Transactions
SEC Form 4 Filing
Michael Perica, EVP & Chief Financial Officer of Rimini Street, reported the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On February 3, 2025, Michael Perica, the EVP & Chief Financial Officer of Rimini Street, Inc., reported transactions involving the company's common stock.
- These transactions included the vesting of 16,668 restricted stock units (RSUs) and the sale of 7,837 shares to cover withholding tax obligations.
- The sale was executed at a price of $2.788 per share.
- Following these transactions, Perica directly owns 163,090 shares of Rimini Street common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares, but it is primarily related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/03/2022 | Reporting Person was granted 50,000 Restricted Stock Units |
| 02/03/2023 | One-third of Restricted Stock Units vested |
| 02/03/2024 | One-third of Restricted Stock Units vested |
| 02/03/2025 | Date of transactions: vesting of RSUs and sale of shares for tax obligations |
| 02/05/2025 | Date of signature for the Form 4 filing |
Keywords
Rimini Street, Michael Perica, Form 4, Stock Transaction, Restricted Stock Units, Vesting, Tax Withholding, RMNI
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