[Form 4] Rimini Street, Inc. Insider Trading Activity
Kevin Maddock, EVP and Chief Recurring Revenue Officer of Rimini Street, Inc. (RMNI), reported the vesting of 20,728 restricted stock units and performance units on May 6, 2026. Simultaneously, 7,485 shares were automatically sold at $3.9356 each in a "sell-to-cover" transaction to satisfy tax withholding obligations, as specified by company policy and not initiated by Maddock. This activity resulted in a net sell of 7,485 shares worth $29,458 due to tax-related share sales.
MAY 5·Stock Titan→
Rimini Street (RMNI) CFO executes pre-planned $205K stock sale
Rimini Street, Inc.'s CFO, Michael L. Perica, sold 51,246 shares of common stock for approximately $205,000. This transaction was conducted automatically under a pre-arranged Rule 10b5-1 trading plan adopted on June 2, 2025. Following the sale, Mr. Perica still directly holds 116,505 shares, maintaining a significant stake in the company.
MAR 31·Traders Union▲
Rimini Street CEO urges change in enterprise ERP upgrade models
Rimini Street CEO Seth Ravin criticizes outdated forced upgrade models in ERP systems, advocating for pragmatic innovation strategies. He emphasizes that companies should adopt modernization paths tailored to their individual business needs rather than complying with vendor-driven practices. This discussion highlights Rimini Street's commitment to flexible support solutions and comes as companies reconsider their established vendor relationships and support models, especially in light of recent challenges faced by ERP providers like SAP.
