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

Nancy Lyskawa, EVP & Chief Client Officer of Rimini Street, was granted stock options and restricted stock units on March 4, 2025.

Summary

• Nancy Lyskawa, the EVP & Chief Client Officer of Rimini Street, Inc., received stock options and restricted stock units on March 4, 2025.
• She was granted 34,482 Restricted Stock Units (RSUs), which represent a contingent right to receive one share of Rimini Street's common stock upon vesting.
• The RSUs will vest ratably in three annual installments on March 4, 2026, March 4, 2027, and March 4, 2028, contingent upon her continued service.
• Additionally, she received employee stock options for 27,450 shares of common stock with an exercise price of $3.48.
• These options also vest in three equal installments on March 4, 2026, March 4, 2027, and March 4, 2028, subject to continued service.
• Following these transactions, Lyskawa directly owns 137,488 shares of Rimini Street common stock, 34,482 RSUs, and options for 27,450 shares.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive as it suggests confidence in the executive's continued contribution.

Positives

• The grant of RSUs and stock options aligns the executive's interests with those of the shareholders, incentivizing performance and retention.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedules of the granted equity.

Industry Context

Equity compensation is a common practice in the technology industry to attract, retain, and incentivize key executives. The specific terms of the grant, such as vesting schedules and option prices, are tailored to the company's performance and the executive's role.

Comparison to Industry Standards

• Stock option and RSU grants are standard compensation components for executives in publicly traded technology companies like Rimini Street.
• Vesting schedules of three years are typical to ensure executive retention and alignment with long-term company goals.
• Comparable companies such as Oracle and SAP also utilize similar equity-based compensation plans for their executives.

Stakeholder Impact

• Shareholders may view the equity grants positively as they align executive interests with company performance.
• Employees may see the grants as a sign of the company's commitment to its leadership.

Key Dates