Form 4: Rimini Street Executive Reports Routine Stock Transactions

Rimini Street EVP Kevin Maddock reported the vesting of Restricted Stock Units and a related 'sell-to-cover' transaction for tax obligations.

Summary

• Kevin Maddock, EVP, Chief Recurring Revenue Officer of Rimini Street, Inc. (RMNI), reported transactions on November 13, 2025.
• 6,666 shares of Common Stock were acquired due to the vesting of Restricted Stock Units (RSUs) at an exercise price of $0.
• 2,451 shares of Common Stock were disposed of at a price of $3.8246 per share to cover tax withholding obligations related to the RSU vesting; this was an automatically-triggered 'sell-to-cover' transaction.
• Following these transactions, Maddock beneficially owns 152,730 shares of Common Stock directly.
• Maddock still holds 13,334 Restricted Stock Units, which are scheduled to vest ratably on November 13, 2026, and November 13, 2027.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the vesting of Restricted Stock Units and a subsequent 'sell-to-cover' for tax purposes. This is a standard compensation event and does not indicate any significant positive or negative operational or financial news for the company.

Positives

• The vesting of 6,666 Restricted Stock Units indicates continued compensation and alignment of executive interests with shareholder value.
• The remaining 13,334 Restricted Stock Units provide future incentive for the executive, contingent on continued service.

Negatives

• The sale of 2,451 shares, even for tax purposes, reduces the executive's direct ownership in the company.

Future Outlook

The remaining 13,334 Restricted Stock Units held by Kevin Maddock are scheduled to vest ratably on November 13, 2026, and November 13, 2027, contingent on his continued service as a Service Provider.

Industry Context

This filing details a routine insider transaction related to executive compensation, which is a common practice across publicly traded companies. It does not provide information directly related to broader industry trends or the competitive landscape for Rimini Street, Inc.

Comparison to Industry Standards

• The 'sell-to-cover' mechanism for tax withholding on Restricted Stock Unit vesting is a standard practice for executive compensation in many public companies, including those in the software and IT services industry. No specific comparable companies or projects are mentioned in the filing.

Related Party Transactions

• The Restricted Stock Unit vesting and subsequent share sale are part of an executive compensation plan, which is a standard arrangement between the company and its executive.

Stakeholder Impact

• Shareholders: Minor impact, as this is a routine compensation event. The sale of shares is small relative to the company's total outstanding shares.
• Employees: No direct impact on general employees.
• Customers, Suppliers, Creditors: No direct impact.

Next Steps

• Remaining Restricted Stock Units are scheduled to vest on November 13, 2026, and November 13, 2027, subject to continued service.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction related to executive compensation (RSU vesting and a tax-related 'sell-to-cover'). It does not provide any new material information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing does not present a catalyst for either buying or selling the stock.

Keywords

Rimini Street, RMNI, Kevin Maddock, Form 4, Insider Trading, Restricted Stock Units, RSU, Stock Vesting, Sell-to-Cover, Executive Compensation