Lyskawa Nancy 4

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.