Ravin Seth A. 4

What Happened Seth Ravin, a 10% owner of Rimini Street (RMNI), had vested restricted stock units (RSUs) and performance units convert into 142,509 shares on May 6, 2026 (97,165 RSUs and 45,344 performance units). To cover withholding taxes, an automatic sell-to-cover disposed of 38,928 and 18,169 shares at $3.94 each, yielding total gross proceeds of $224,711. The conversion/vesting entries are reported as exercise/conversion of derivatives at $0.00 per share (these were vested awards converting into common stock, not cash option exercises).

Key Details

• Transaction date: May 6, 2026; Form 4 filed May 8, 2026 (timely).
• Converted/acquired: 97,165 shares (RSUs) and 45,344 shares (earned performance units) at $0.00 = 142,509 shares acquired.
• Sold (automatic sell-to-cover): 38,928 + 18,169 = 57,097 shares at $3.94, total proceeds $224,711.
• Net new shares retained after sell-to-cover (142,509 − 57,097): 85,412 shares added to holdings (based on reported transactions).
• Footnotes: sales were automatic sell-to-cover transactions to satisfy tax withholding (Reporting Person did not initiate the sales). Vesting and grant details referenced in footnotes (one-third tranches, earned performance units, and RSU grant dates).
• Shares owned after the transaction are not disclosed in the provided excerpt.

Context These transactions reflect vesting/conversion of equity awards (RSUs and performance units) and automated sell-to-cover to pay taxes, not an open-market discretionary sell by the insider. Exercise/conversion at $0 indicates receipt of vested units converting to common stock rather than a cash exercise of option strikes. As a 10% owner, Ravin is a significant insider; because the disposition was for tax withholding, it should not be read as a typical discretionary sale signal.