Lyskawa Nancy 4
4 · Rimini Street, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Rimini Street (RMNI) EVP Nancy Lyskawa Sells Shares After Vesting
What Happened
- Nancy Lyskawa, Rimini Street EVP & Chief Client Officer, had equity awards vest on March 4, 2026 and reported conversions/exercises of 11,493 restricted stock units (RSUs) and 5,632 earned performance units (total 17,125 shares). She sold 3,371 shares at $3.64 ($12,280) and 1,966 shares at $3.64 ($7,162), for total open-market proceeds of $19,442. The filing also reports derivative disposals tied to the vested awards that reflect automatic sell-to-cover tax withholding (the Reporting Person did not initiate those sales).
Key Details
- Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (appears timely).
- Open-market sales: 3,371 shares @ $3.64 = $12,280; 1,966 shares @ $3.64 = $7,162. Total open-market proceeds: $19,442.
- Vesting/conversion: 11,493 RSUs and 5,632 performance units converted to shares (17,125 shares total).
- Automatic sell-to-cover: Footnotes indicate sell-to-cover transactions were automatically triggered to satisfy withholding tax obligations (Reporting Person did not initiate).
- Ownership after transaction: Not specified in the provided excerpt of the filing.
- Footnote highlights: F2/F7 = one-third of 16,896 earned performance units vested; F5 = one-third of 34,482 RSUs vested on March 4, 2026, remaining vest in 2027–2028.
Context
- The derivative "exercise/conversion" entries reflect vesting/settlement of RSUs and performance units rather than a cash purchase; the automatic sell-to-cover is a routine tax-withholding action and not necessarily a discretionary sale by the insider. Retail investors often view purchases as more informative than routine vesting-related sales.
Insider Transaction Report
Form 4
Lyskawa Nancy
EVP & Chief Client Officer
Transactions
- Exercise/Conversion
Common Stock
2026-03-04+11,493→ 199,827 total - Sale
Common Stock
[F1]2026-03-04$3.64/sh−3,371$12,280→ 196,456 total - Exercise/Conversion
Common Stock
[F2]2026-03-04+5,632→ 202,088 total - Sale
Common Stock
[F3]2026-03-04$3.64/sh−1,966$7,162→ 200,122 total - Exercise/Conversion
Restricted Stock Units
[F4][F5]2026-03-04−11,493→ 22,989 total→ Common Stock (11,493 underlying) - Exercise/Conversion
Performance Units
[F6][F7]2026-03-04−5,632→ 11,264 total→ Common Stock (5,632 underlying)
Footnotes (7)
- [F1]Reported transaction is an automatically-triggered "sell-to-cover" transaction related to the payment of withholding tax obligations pursuant to the Issuer's policy for tax withholdings associated with Restricted Stock Unit vesting events. The Reporting Person did not initiate the sale.
- [F2]Represents one third of the total 16,896 "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated February 20, 2026) 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]Reported transaction is an automatically-triggered "sell-to-cover" transaction related to the payment of withholding tax obligations pursuant to the Issuer's policy for tax withholdings associated with Performance Unit vesting events. The Reporting Person did not initiate the sale.
- [F4]Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F5]On March 4, 2025, the Reporting Person was granted 34,482 Restricted Stock Units, one-third of which vested on March 4, 2026. The remaining two-thirds will vest ratably on 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 vesting date.
- [F6]Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F7]One-third of the "Earned Performance Units" vested on March 4, 2026. The remaining two-thirds vest ratably on 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.
Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact|2026-03-06