$RMNI

Ravin Seth A. (President, CEO & Chairman) sold 322,707 indirectly-held shares of Rimini Street, Inc. (RMNI) at an average of $5.13 ($5.02–$5.18, $1.66M total) across 3 trades over 2026-09-02 to 2026-09-04.

Rimini Street (RMNI) repurchased $5M in shares at $5.16 each and prepaid $5M in debt, totaling $30.9M in capital return and balance sheet optimization for the fiscal year-to-date. The company aims to create long-term value for shareholders and strengthen its financial position.

Rimini Street (RMNI) outlined at the Lytham Partners 2026 Consumer & Technology Investor Summit a shift toward “Agentic AI” services for enterprise resource planning systems alongside its software support. Management cited $80B addressable market, Q2 revenue up 10% YoY (ex PeopleSoft wind-down), ARR up 8%, retention above 90%, and Q2 gross margin ~61%. Full-year guidance: revenue growth 4% to 6% and adjusted EBITDA margin 12.5% to 15.5%.

Rimini Street, a third-party enterprise software maintenance provider, launched Rimini Govern for AI, a managed service aimed at helping IT leaders deploy and govern agentic AI while reducing risk and overhead, according to the company. Rimini Street reported Q2 revenue of $111.1m and said annual revenues are approaching $0.5bn, as it expands beyond maintenance for Oracle, SAP and VMware.

Rimini Street said it launched Rimini Govern for AI, a managed service for centralized governance, security, monitoring, and performance measurement of enterprise AI agents. The company aims to address oversight gaps such as “shadow AI” and limited visibility into agent costs and ROI. It cited Gartner’s view that 40% of enterprises may demote or decommission agents by 2027.

Rimini Street appointed Keith Costello as Chief Operating Officer and Alexander Guasch as Chief Delivery Officer to expand its senior leadership. Costello will oversee product strategy, professional services sales, and global operations. Guasch will lead end-to-end delivery of Rimini Street products and services worldwide. The changes are intended to support global growth and execution.

Rimini Street, Inc. (Nasdaq: RMNI) appointed Keith Costello as EVP and Chief Operating Officer and Alexander Guasch as EVP and Chief Delivery Officer. The COO will oversee product strategy and professional services sales, while the CDO will lead end-to-end global delivery. The company said the changes support its revenue growth and profitability plans.

Rimini Street, Inc. (RMNI) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Item 5.02 by reference. Mr. Costello was not appointed as an executive officer pursuant to any arrangement or understanding with any other person. Mr. Costello does not have any family relationships with any executive officer or director of the Company, and he is not a party to a

Rimini Street (Nasdaq: RMNI) said Oman’s Khimji Ramdas Group selected Rimini Support for SAP to reduce SAP support costs by 80%, maintain a customized SAP ECC 6 setup with 700+ custom codes, and avoid downtime. The firms also worked on an HR and payroll compliance solution related to Omani labor rules.

Rimini Street (Nasdaq: RMNI) said Oman’s Khimji Ramdas Group selected Rimini Support for SAP to reduce SAP support costs by 80%, maintain its SAP ECC 6 setup with 700+ custom codes, and avoid migration pressure. The company also cited help with Omani HR and payroll compliance. Rimini Street said savings will fund AI and growth initiatives.