Rowe David W. 4
4 · Rimini Street, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Rimini Street (RMNI) EVP David Rowe Sells 148 Shares (Sell-to-Cover)
What Happened David W. Rowe, EVP & Chief Marketing Officer of Rimini Street (RMNI), had 333 Restricted Stock Units (RSUs) convert to 333 shares on March 9, 2026. To cover tax withholding related to the RSU vesting, an automatic "sell-to-cover" transaction sold 148 shares in the open market at $3.49 each, generating $517. The filing shows the RSU conversion (exercise/conversion at $0.00) and the related dispositions.
Key Details
- Transaction date: March 9, 2026; Form 4 filed March 10, 2026 (timely).
- Open-market sale: 148 shares at $3.49 — proceeds $517.
- Conversion/exercise: 333 RSUs converted to 333 shares (recorded at $0.00).
- Filing notes: sale was an automatic sell-to-cover to satisfy tax withholding; the reporting person did not initiate the sale (Footnote F1).
- RSU grant context: Rowe was granted 1,000 RSUs on March 7, 2024; one-third vested March 7, 2025, one-third vested March 7, 2026, and the final third vests March 7, 2027 (Footnotes F2–F3).
- Shares owned after the transaction: not specified in the filing.
Context This was a routine sell-to-cover tied to RSU vesting (automatic tax withholding), not an open-market sale initiated for investment reasons. Such withholding sales are common and typically reflect tax obligations rather than a change in insider sentiment; the dollar amount here ($517) is small.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-09+333→ 468,038 total - Sale
Common Stock
[F1]2026-03-09$3.49/sh−148$517→ 467,890 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-03-09−333→ 334 total→ Common Stock (333 underlying)
Footnotes (3)
- [F1]Reported transaction is an automatically-triggered "sell-to-cover" transaction related to the payment of withholding tax obligations pursuant to the Issuer's policy for tax withholdings associated with Restricted Stock Unit vesting events. The Reporting Person did not initiate the sale.
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F3]On March 7, 2024, the Reporting Person was granted 1,000 Restricted Stock Units, one-third of which vested on March 7, 2025, and one-third of which vested on March 7, 2026. The remaining one-third will vest on March 7, 2027, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the vesting date.