Rimini Street, Inc.·4

Jun 4, 4:48 PM ET

Murray Robin P. 4

Research Summary

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Rimini Street (RMNI) Director Robin Murray Exercises RSUs

What Happened
Robin P. Murray, a Rimini Street (RMNI) director (listed as a 10% owner), reported the vesting/conversion of 55,727 restricted stock units (RSUs) on June 2, 2026 (transaction coded M) — recorded as an acquisition at $0.00 and a simultaneous disposition of 55,727 shares at $0.00. On June 3, 2026 he was granted/awarded 44,117 RSUs (transaction coded A) at $0.00. The $0.00 price reflects issuance/vesting of RSUs rather than an open‑market purchase.

Key Details

  • Transaction dates: June 2, 2026 (55,727 RSUs vested/converted and disposed); June 3, 2026 (44,117 RSUs granted). Form filed June 4, 2026.
  • Prices recorded: $0.00 for all reported acquisitions/dispositions (typical for RSU vesting/issuance).
  • Transaction codes: M = conversion/exercise of derivative (vested RSUs); A = grant/award (new RSUs).
  • Footnotes: F11 notes each RSU converts to one share on vesting; F12 confirms the 55,727 RSUs were awarded June 4, 2025 and 100% vested June 2, 2026; F13 describes vesting schedule for the new 44,117 RSUs (earlier of June 3, 2027 or day before 2027 annual meeting, contingent on continued board service). F10 explains the shares were issued to Mr. Murray but are deemed held for the benefit of certain Adams Street funds.
  • Shares owned after transaction: not specified in the provided excerpt.
  • Timeliness: filing (6/4/2026) appears timely relative to the June 2–3 transactions (no late filing indicated).

Context
These entries reflect RSU vesting/conversion and a contemporaneous award rather than an open‑market buy or sale. The simultaneous acquisition and disposition of the 55,727 shares at $0.00, together with footnote F10, indicates the shares were issued to Mr. Murray but are associated with Adams Street funds (he is a partner in Adams Street Partners, LLC). New RSUs awarded on June 3, 2026 vest subject to continued service through the stated vesting date. This type of derivative/RSU activity is administrative and distinct from a cash sale or market purchase.