Form 4: Rimini Street Executive Receives Stock Options and Restricted Stock Units

Steven Hershkowitz, EVP & Chief Revenue Officer of Rimini Street, was granted stock options and restricted stock units on March 4, 2025.

Summary

• Steven Hershkowitz, an executive at Rimini Street, received stock options and restricted stock units.
• On March 4, 2025, Hershkowitz was granted 34,482 Restricted Stock Units (RSUs) that will vest ratably over three years, starting March 4, 2026, contingent on continued service.
• He also received options to purchase 27,450 shares of common stock, vesting in three equal installments beginning March 4, 2026, also contingent on continued service.
• The exercise price for the stock options is $3.48.
• The RSUs represent a contingent right to receive one share of Rimini Street's common stock upon vesting.

Sentiment

Score: 7

Explanation: The document reflects a positive sentiment as it details executive compensation, which is generally seen as a sign of company growth and investment in its leadership. The vesting schedule also suggests a long-term commitment from the executive.

Positives

• The grant of RSUs and stock options aligns the executive's interests with those of the shareholders.
• The vesting schedule incentivizes continued service and contribution to the company's success.

Risks

• The value of the RSUs and stock options is dependent on the future performance of Rimini Street's stock.
• The executive must remain employed with the company for the vesting schedule to be fully realized.

Future Outlook

The document does not contain specific forward-looking statements about the company's future performance, but the equity grants suggest an expectation of continued growth and value creation.

Industry Context

Equity grants are a common practice in the technology industry to attract, retain, and incentivize key executives. The size and vesting schedule of the grants are typical for executives at publicly traded companies.

Comparison to Industry Standards

• Stock option and RSU grants are standard compensation tools used by companies like Oracle, SAP, and Salesforce to incentivize their executives.
• The vesting schedules, typically three to four years, are also in line with industry norms to ensure long-term commitment.

Stakeholder Impact

• Shareholders may view the equity grants as a positive sign, aligning management's interests with their own.
• Employees may see the grants as a sign of the company's commitment to its leadership and future growth.

Key Dates