Perica Michael L. 4

What Happened Michael L. Perica, Chief Financial Officer of Rimini Street, received an award of 56,321 Performance Units (reported as a derivative award, transaction code A) on February 19, 2026. The units are reported at $0.00 each (no immediate cash value shown); they represent contingent rights to receive common stock if vesting conditions are met. This is an award/grant rather than a purchase or sale.

Key Details

• Transaction date: 2026-02-19; Form 4 filed 2026-02-20 (filed within the normal Form 4 window).
• Award: 56,321 Performance Units (derivative), reported acquisition price $0.00.
• Shares owned after transaction: not disclosed in this filing.
• Footnotes (summary):
  • Each Performance Unit represents a contingent right to one share upon vesting.
  • Units were "earned" under the Issuer's 2025 Long‑Term Incentive Plan based on achievement of Adjusted EBITDA and Total Revenue goals for FY2025, effective as of Feb 19, 2026.
  • Units are subject to additional time‑based vesting and vest in three equal installments on March 4, 2026, March 4, 2027 and March 4, 2028, generally conditioned on continued service.
• Filing timeliness: No late filing indicated.

Context Performance units are a common form of incentive compensation tied to company performance and continued service; they do not represent immediately transferable shares. Because this is a grant earned under performance goals and subject to future vesting, it signals compensation alignment with company targets but is not an immediate buy or sell by the insider.