Rowe David W. 4

What Happened David W. Rowe, Rimini Street's CPO, CMO & EVP, Global Transformation, was granted 16,896 Performance Units (a contingent right to receive one share per unit) on February 19, 2026. The grant is reported as an award (transaction code A) with a $0 per-share price at grant because these are derivative performance units, not an open-market purchase or sale.

Key Details

• Transaction date: February 19, 2026 (reported on Form 4 filed Feb 20, 2026).
• Security: 16,896 Performance Units (each represents a contingent right to one share) — reported value at grant $0.
• Reason for grant: These are "Earned Performance Units" under the Issuer’s 2025 Long-Term Incentive Plan based on achievement of 2025 Adjusted EBITDA and Total Revenue goals (effective as of the issuer’s Feb 19, 2026 10‑K).
• Vesting: Subject to additional time-based vesting — three equal installments vesting on March 4, 2026, March 4, 2027 and March 4, 2028, generally contingent on continued service.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Timeliness: Filing appears timely (period of report 2026-02-19; Form filed 2026-02-20).
• Transaction type: Derivative award (Performance Units). No cash changed hands at grant.

Context These Performance Units are contingent awards — they were earned based on 2025 performance metrics but still require time-based vesting and continued service to convert into actual shares. Because this is an award (not a purchase or sale), it does not directly signal a cash investment and should be interpreted as compensation tied to company performance and retention.