Rimini Street (RMNI) 10% Owner Seth Ravin Sells Shares

What Happened Seth A. Ravin, a disclosed 10% owner of Rimini Street, Inc. (RMNI), sold a total of 322,707 shares in open-market transactions between September 2 and September 4, 2026, for aggregate proceeds of approximately $1,655,603. The three reported sales were: 191,702 shares on 2026-09-02 (weighted avg $5.18, $992,115), 41,366 shares on 2026-09-03 (weighted avg $5.16, $213,527), and 89,639 shares on 2026-09-04 (weighted avg $5.02, $449,961). These are outright sales (transaction code S), which are often routine liquidity events rather than bullish signals.

Key Details

• Transaction dates and amounts:
  • 2026-09-02: 191,702 shares @ weighted avg $5.18 = $992,115 (Footnote F1: price range $5.15–$5.23)
  • 2026-09-03: 41,366 shares @ weighted avg $5.16 = $213,527 (Footnote F2: price range $5.10–$5.245)
  • 2026-09-04: 89,639 shares @ weighted avg $5.02 = $449,961 (Footnote F3: price range $5.005–$5.065)
• Total: 322,707 shares sold for ~ $1,655,603.
• Shares owned after transaction: not specified in the provided filing details.
• Filing date: Form 4 filed 2026-09-04 reporting trades through 2026-09-04.
• Notable footnotes: Each weighted-average price covers multiple executions at the price ranges shown; the reporting person offers to provide a full breakdown on request.
• Transaction code: S = Sale (open-market/private sale).

Context

• As a 10% owner, Ravin’s trades reflect significant insider selling by a large holder; this is institutional insider activity rather than a typical executive purchase signal. Sales do not by themselves indicate company performance or management sentiment. The Form 4 shows sales only; no options exercises, awards, or gifts were reported in this filing.