Ravin Seth A. 4
4 · Rimini Street, Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Rimini Street (RMNI) 10% Owner Seth Ravin Receives Award
What Happened Seth A. Ravin, reported as a 10% owner of Rimini Street (RMNI), was granted 168,965 performance units on Feb. 19, 2026. The units are recorded on the Form 4 as acquired at $0.00 (derivative award) and represent contingent rights to receive common shares if vesting conditions are met. This was an award/grant (not an open-market purchase or sale).
Key Details
- Transaction date: February 19, 2026; Form 4 filed Feb. 20, 2026.
- Instrument: 168,965 Performance Units (derivative award) — reported acquisition price $0.00 (total $0 on the Form 4).
- Footnote summary:
- F1: Each Performance Unit equals a contingent right to one common share upon vesting.
- F2: These are "Earned Performance Units" under the 2025 Long‑Term Incentive Plan, awarded based on FY2025 Adjusted EBITDA and Total Revenue performance (effective upon the issuer’s Feb. 19, 2026 Form 10‑K filing).
- F3: Subject to additional time-based vesting: vested in three equal installments on Mar 4, 2026; Mar 4, 2027; and Mar 4, 2028, generally contingent on continued service.
- Shares owned after transaction: Not specified in the provided filing details.
- Timeliness: Filing shows report period 02/19/2026 and filing date 02/20/2026 — no late filing indicated.
Context This was a performance-based equity award (derivative) rather than a cash purchase or sale. The units only convert to shares if performance and time‑based vesting conditions are met, so they carry contingent value. Awards to large holders or insiders are common compensation events and do not by themselves indicate buying or selling intent.
Insider Transaction Report
- Award
Performance Units
[F1][F2][F3]2026-02-19+168,965→ 168,965 total→ Common Stock (168,965 underlying)
- 678,538
Common Stock
- 10,491,309(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F2]Represents "Earned Performance Units" under the terms of the Issuer's 2025 Long-Term Incentive Plan based upon the Issuer's achievement against a target "Adjusted EBITDA" performance goal for fiscal year 2025 and the Issuer's achievement against a target "Total Revenue" performance goal for fiscal year 2025, effective as of February 19, 2026 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2025).
- [F3]The Performance Units are subject to additional time-based vesting requirements and will vest in three (3) equal installments on March 4, 2026, March 4, 2027 and March 4, 2028, 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 applicable vesting date.