CAPELLI STEVEN M 4

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.