Form 4: Rimini Street Executive David Rowe Reports Stock Transactions Following RSU Vesting

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 7, 2025, David Rowe, a key executive at Rimini Street, had 333 Restricted Stock Units (RSUs) vest, which converted into common stock.
• Simultaneously, 147 shares were sold at $3.598 per share to cover withholding tax obligations related to the RSU vesting.
• Rowe now directly owns 394,665 shares of Rimini Street common stock.
• The sale was automatically triggered under the issuer's policy for tax withholdings associated with RSU vesting events and was not initiated by Rowe.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and tax obligations, with no indication of positive or negative sentiment.

Future Outlook

The remaining two-thirds of the 1,000 Restricted Stock Units granted on March 7, 2024, will vest ratably on March 7, 2026, and March 7, 2027, subject to continued service.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. The sale of shares to cover tax obligations upon RSU vesting is a common practice.

Key Dates