Form 4: Rimini Street Executive Rowe Sells Shares to Cover Tax Obligations

David W. Rowe, CPO, CMO & EVP of Global Transformation at Rimini Street, sold shares to cover tax obligations related to vesting of restricted stock units.

Summary

• David W. Rowe, a key executive at Rimini Street, Inc., disposed of 3,512 shares of common stock on February 3, 2025, at a price of $2.788 per share.
• This transaction was automatically triggered as a 'sell-to-cover' event to meet withholding tax obligations related to the vesting of Restricted Stock Units (RSUs).
• Rowe also acquired 8,334 shares through the vesting of RSUs on the same date.
• Following these transactions, Rowe beneficially owns 390,763 shares of Rimini Street common stock.
• The RSUs were granted on February 3, 2022, and vested in three equal installments annually.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine stock transactions for tax purposes and doesn't indicate any strategic shift or concern.

Future Outlook

NA

Industry Context

Executive stock transactions are common and often related to compensation and tax planning. Sell-to-cover transactions are a standard practice to manage tax liabilities associated with equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Rimini Street, David W. Rowe, RMNI, Form 4, SEC Filing, Stock Sale, Restricted Stock Units, RSU Vesting, Tax Withholding, Beneficial Ownership