CAPELLI STEVEN M 4
4 · Rimini Street, Inc. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Rimini Street Director Steven Capelli Exercises RSUs, Receives Award
What Happened
Steven M. Capelli, a director of Rimini Street, reported RSU activity in early June 2026. On June 2, 2026, 55,727 previously awarded Restricted Stock Units (RSUs) vested and were reported as converted/exercised (reported as an acquisition and a corresponding disposition of the derivative interest) at $0.00 per share. On June 3, 2026, the filing also shows a grant/award of 44,117 new RSUs at $0.00 per share. Neither transaction involved cash proceeds in the filing.
Key Details
- Transaction dates: June 2, 2026 (55,727 RSUs vested/converted), June 3, 2026 (44,117 RSUs awarded).
- Price reported: $0.00 per share for all line items; total cash value reported = $0.
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnotes of note:
- F1: Each RSU represents a contingent right to receive one share upon vesting.
- F2: The 55,727 RSUs were originally awarded June 4, 2025 and vested 100% on June 2, 2026 (the day before the 2026 annual meeting).
- F3: The 44,117 RSUs will vest 100% on the earlier of June 3, 2027 or the day before the 2027 annual meeting, contingent on continued board service.
- Filing: Reported on June 4, 2026 for transactions dated June 2–3, 2026 (appears timely under Section 16 rules).
Context
RSUs are a form of equity compensation typically granted to directors and employees; vesting converts the RSU (a derivative interest) into shares. This filing reflects routine director compensation (vesting and a subsequent grant), not an open-market purchase or sale. There is no cash purchase or sale recorded here; investors should view this as compensation-related stock vesting and a forward-looking award contingent on continued board service.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-06-02+55,727→ 328,721 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-06-02−55,727→ 0 total→ Common Stock (55,727 underlying) - Award
Restricted Stock Units
[F1][F3]2026-06-03+44,117→ 44,117 total→ Common Stock (44,117 underlying)
- 100(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F2]On June 4, 2025, the Reporting Person was awarded 55,727 Restricted Stock Units, 100% of which vested on June 2, 2026, or the day before the date of the Issuer's 2026 Annual Meeting of Stockholders.
- [F3]100% of the Restricted Stock Units awarded will vest on the earlier to occur of (i) June 3, 2027 or (ii) the day before the date of the Issuer's 2027 Annual Meeting of Stockholders, contingent upon the Reporting Person's continued service as a member of the Issuer's Board of Directors through such date.