Ravin Seth A. 4

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.