Form 4: Rimini Street Executive Nancy Lyskawa Reports Stock Transactions

Sentiment:

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

DateDescription
02/03/2022Reporting Person was granted 40,000 Restricted Stock Units
02/03/2023One-third of Restricted Stock Units vested
02/03/2024One-third of Restricted Stock Units vested
02/03/2025Earliest transaction date; Restricted Stock Units vested and shares sold to cover taxes
02/05/2025Date 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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