Perica Michael L. 4

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.