Form 4: Rimini Street Executive David Rowe Reports Stock Transactions

David Rowe, CPO, CMO & EVP of Global Transformation at Rimini Street, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On March 3, 2025, David Rowe, CPO, CMO & EVP of Global Transformation at Rimini Street, reported transactions involving the company's common stock.
• Rowe acquired 6,667 shares of common stock through the vesting of restricted stock units.
• Simultaneously, Rowe sold 2,951 shares at a price of $3.4797 per share to cover withholding tax obligations related to the vesting event.
• Following these transactions, Rowe directly owns 394,479 shares of Rimini Street common stock.
• 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.
• The Reporting Person did not initiate the sale.
• The restricted stock units were granted on March 3, 2023, and vest in three annual installments.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

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

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company executives. It's common for executives to sell shares acquired through equity compensation to cover tax liabilities.

Stakeholder Impact

• Shareholders are informed about insider transactions, promoting transparency.

Key Dates