Form 4: Rimini Street Executive Kevin Maddock Reports Stock Transactions

Kevin Maddock, EVP and Chief Recurring Revenue Officer of Rimini Street, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On March 3, 2025, Kevin Maddock, EVP and Chief Recurring Revenue Officer of Rimini Street, reported transactions involving the company's common stock.
• Maddock vested 6,667 restricted stock units (RSUs), each representing a contingent right to receive one share of Rimini Street's common stock.
• Simultaneously, 2,951 shares were sold at a price of $3.4797 per share to cover withholding tax obligations associated with the RSU vesting.
• Following these transactions, Maddock directly owns 120,684 shares of Rimini Street common stock and 6,667 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and stock transactions. It doesn't inherently indicate 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 related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders are informed about executive stock transactions, providing transparency into insider activity.
• The transactions have a minor impact on the overall stock supply and demand.

Key Dates