Ravin Seth A. 4

What Happened
Seth A. Ravin, a 10% owner of Rimini Street, Inc. (RMNI), exercised/converted vested derivative awards on April 3, 2026 and received a total of 268,455 shares: 76,338 shares from restricted stock units (RSUs) and 192,117 shares from earned performance units. Each conversion was recorded at $0.00 per share (these were vesting/conversion events rather than market purchases or sales). Parallel "disposed" entries in the filing reflect the cancellation/conversion of the underlying derivative units upon conversion to common stock.

Key Details

• Transaction date: April 3, 2026; Form 4 filed April 7, 2026 (timely filing).
• Transaction code: M (exercise or conversion of derivative).
• Shares acquired: 76,338 RSU-based shares and 192,117 performance-unit-based shares (total 268,455). Price: $0.00 per share (vested/converted).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: the shares represent one-third tranches of previously reported awards — one-third of 229,007 RSUs and one-third of 576,335 earned performance units that vested per the issuer’s LTIP/award terms. Each RSU/Performance Unit converts to one common share upon vesting.
• No open-market sale or purchase was reported in this filing; these were vesting/conversion events, not market transactions.

Context
Conversion of RSUs and performance units into common stock is a routine compensation/vesting event and does not necessarily signal insider buying or selling intent. Because these were awards that vested and converted into shares at $0, no cash changed hands. As a 10% owner, Ravin’s holdings can be material to his ownership stake, but this filing only documents the issuance/conversion of vested units, not an active buy or sell in the market.