Maddock Kevin 4

What Happened

• Kevin Maddock, Rimini Street's Executive Vice President & Chief Recurring Revenue Officer, received an award of 16,896 Performance Units on 2026-02-19. The units were granted at $0.00 (i.e., no cash purchase) and are classified as derivative awards that may convert into common stock if vesting conditions are met. This is an award (grant) rather than a purchase or sale.

Key Details

• Transaction date: 2026-02-19; Filing date: 2026-02-20 (timely).
• Award size: 16,896 Performance Units; acquisition price reported as $0.00.
• Each Performance Unit represents a contingent right to one share of common stock upon vesting (footnote F1).
• These are "Earned Performance Units" under the 2025 Long‑Term Incentive Plan tied to 2025 Adjusted EBITDA and Total Revenue goals and became effective on Feb 19, 2026 (footnote F2).
• Additional time-based vesting: the units vest in three equal installments on March 4, 2026, March 4, 2027 and March 4, 2028, subject to continued service (footnote F3).
• Shares owned after the transaction: not specified in the filing.

Context

• These are performance-based, not open‑market purchases or sales; they represent potential future shares if performance and service conditions are met. For retail investors, grants signal compensation tied to corporate performance metrics but do not immediately change share supply until units vest and convert to stock.