Rowe David W. 4

What Happened David W. Rowe, EVP & Chief Marketing Officer of Rimini Street (RMNI), had equity awards convert into 17,125 shares on March 4, 2026 (11,493 RSUs and 5,632 performance units). To satisfy tax-withholding obligations, 7,209 of those shares were automatically sold in the open market at $3.64 per share, producing combined proceeds of $26,261. The transactions reflect award vesting and automatic sell-to-cover activity rather than a voluntary open-market sale by the insider.

Key Details

• Filing date: March 6, 2026; Reported transaction date: March 4, 2026. Filing appears timely.
• Vesting/conversion: 11,493 Restricted Stock Units (RSUs) and 5,632 Earned Performance Units converted into shares (total 17,125).
• Sales (automatic sell-to-cover): 4,838 shares sold for $17,624 and 2,371 shares sold for $8,637, both at $3.64 per share (total proceeds $26,261).
• The Reporting Person did not initiate the sales; they were automatic sell-to-cover transactions to pay withholding taxes (footnotes F1 and F3).
• Vesting schedule/context: these represent one-third vesting of previously granted awards (one-third vested 3/4/26; remaining two-thirds vest ratably in 2027 and 2028 per footnotes F2, F5, F7).
• Shares owned after transaction: not specified in the Form 4.

Context

• These were not purchases; they were vesting/conversion events followed by automatic sell-to-cover transactions for tax withholding (common practice when RSUs or performance units vest).
• For retail investors, such automatic sell-to-cover activity generally reflects tax mechanics rather than a deliberate insider decision to reduce holdings.