Form 4: Rimini Street Executive Nancy Lyskawa Reports Stock Transactions
SEC Form 4 Filing
EVP & Chief Client Officer of Rimini Street, Nancy Lyskawa, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On February 3, 2025, Nancy Lyskawa, EVP & Chief Client Officer of Rimini Street, Inc., reported transactions involving the company's common stock.
- Lyskawa acquired 13,334 shares of common stock through the vesting of restricted stock units (RSUs).
- Simultaneously, 4,710 shares were sold at a price of $2.788 per share to cover withholding tax obligations related to the RSU vesting.
- Following these transactions, Lyskawa directly owns 133,295 shares of Rimini Street common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a small number of shares relative to the total outstanding.
Key Dates
| Date | Description |
|---|---|
| 02/03/2022 | Reporting Person was granted 40,000 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 | Earliest transaction date; Restricted Stock Units vested and shares sold to cover taxes |
| 02/05/2025 | Date of signature for the Form 4 filing |
Keywords
Rimini Street, RMNI, Nancy Lyskawa, Form 4, Stock Transaction, Restricted Stock Units, RSU, Vesting, Sell-to-Cover, Tax Obligations, Beneficial Ownership
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