Perica Michael L. 4
4 · Rimini Street, Inc. · Filed Apr 7, 2026
Research Summary
AI-generated summary of this filing
Rimini Street (RMNI) CFO Michael Perica Exercises/Converts Awards
What Happened
Michael L. Perica, Rimini Street’s Chief Financial Officer, reported the exercise/conversion of vested equity awards on April 3, 2026. The filing shows acquisition of 16,964 shares and 51,232 shares (total 68,196) at an exercise/conversion price of $0.00, and simultaneous dispositions of the same amounts at $0.00. The reported items relate to vested Restricted Stock Units and Earned Performance Units under Rimini Street’s equity plans.
Key Details
- Transaction date: April 3, 2026; Form 4 filed April 7, 2026 (appears timely under the Form 4 filing rules).
- Instruments and amounts: 16,964 shares (derivative conversion) and 51,232 shares (derivative conversion); total 68,196 shares. Reported price per share: $0.00; total reported value: $0.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Relevant footnotes: F1/F4/F5 refer to Earned Performance Units (one‑third vested on these dates per the 2023 LTIP); F2/F3 describe Restricted Stock Units granted Apr 3, 2023 with one‑third vesting each year through 2026.
- Transaction code: M (exercise or conversion of derivative). The filing does not state a 10b5‑1 plan or indicate purpose of the immediate dispositions (e.g., tax withholding); no explicit late‑filing flag shown.
Context
- Code M conversions at $0 typically reflect vesting and conversion of RSUs or performance shares into common stock rather than a cash purchase. The simultaneous acquisition and disposition entries commonly record issuance and immediate settlement/transfer (for example, to satisfy plan mechanics or tax withholding), but the Form 4 here only reports the conversion and disposition amounts and not the settlement details.
- This is routine insider reporting of vested awards rather than an open‑market buy or sell; purchases by insiders can be more directly interpreted as a bullish signal, while conversions/vestings are standard compensation events.
Insider Transaction Report
Form 4
Perica Michael L.
EVP & Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2026-04-03+16,964→ 144,849 total - Exercise/Conversion
Common Stock
[F1]2026-04-03+51,232→ 196,081 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-04-03−16,964→ 0 total→ Common Stock (16,964 underlying) - Exercise/Conversion
Performance Units
[F4][F5]2026-04-03−51,232→ 0 total→ Common Stock (51,232 underlying)
Footnotes (5)
- [F1]Represents one-third of the total 153,689 "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated February 28, 2024) under the terms of the Issuer's 2023 Long-Term Incentive Plan based upon the Issuer's achievement against a target "Adjusted EBITDA" goal for fiscal year 2023 and the Issuer's achievement against a target "Total Revenue" performance goal for fiscal year 2023, effective as of February 28, 2024 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2023).
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F3]On April 3, 2023, the Reporting Person was granted 50,890 Restricted Stock Units, one-third of which vested on April 3, 2024, one-third of which vested on April 3, 2025, and one-third of which vested on April 3, 2026, 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.
- [F4]Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F5]One-third of the "Earned Performance Units" vested on April 3, 2024, one-third of the "Earned Performance Units" vested on April 3, 2025, and one-third of the "Earned Performance Units" vested on April 3, 2026, 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.
Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact|2026-04-07