Form 4: Rimini Street EVP Michael Perica Reports Stock Transactions

Michael Perica, EVP & Chief Financial Officer of Rimini Street, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• Michael L. Perica, EVP & Chief Financial Officer of Rimini Street, Inc. reported changes in beneficial ownership of the company's stock.
• On March 3, 2025, Perica vested 6,667 shares of common stock from restricted stock units.
• Also on March 3, 2025, Perica sold 3,295 shares of common stock at a price of $3.4797 per share to cover withholding tax obligations related to the vesting of the restricted stock units.
• Following these transactions, Perica directly owns 166,462 shares of Rimini Street common stock and 6,667 restricted stock units.
• The reported transactions were automatically triggered 'sell-to-cover' transactions related to the payment of withholding tax obligations pursuant to the Issuer's policy for tax withholdings associated with Restricted Stock Unit vesting events.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into insider activity.

Future Outlook

The remaining one-third of the 20,000 restricted stock units granted on March 3, 2023, will vest on March 3, 2026, subject to continued service.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. It provides transparency into their transactions and holdings.

Stakeholder Impact

• Shareholders are informed about the stock transactions of a key executive.
• The transactions have a minor impact on the overall shareholding structure.

Key Dates