Form 4: Rimini Street Executive Nancy Lyskawa Reports Stock Transactions

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 August 2, 2024, Nancy Lyskawa, EVP & Chief Client Officer of Rimini Street, Inc., reported transactions involving the company's common stock.
• Lyskawa acquired 1,667 shares of common stock through the vesting of restricted stock units (RSUs).
• Simultaneously, 527 shares were sold at a price of $1.811 per share to cover withholding tax obligations related to the RSU vesting.
• Following these transactions, Lyskawa directly owns 124,671 shares of Rimini Street common stock and 1,667 restricted stock units.
• The vesting of the RSUs is part of a grant from August 2, 2022, where one-third vested on August 2, 2023, one-third on August 2, 2024, and the remaining one-third will vest on August 2, 2025, contingent upon continued service.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The remaining one-third of the 2022 RSU grant will vest on August 2, 2025, subject to continued service.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It is common for executives to sell shares to cover tax obligations arising from the vesting of equity awards.

Key Dates