Perica Michael L. 4/A

What Happened

• Michael L. Perica, CFO of Rimini Street, had vested awards converted into 68,196 shares (16,964 RSU shares + 51,232 performance-unit shares) and sold 28,330 shares in automatic sell-to-cover transactions to satisfy tax withholding. The sales were executed at $3.35 per share for total proceeds of about $94,903. The filing is an amendment to add those automated sell-to-cover sales.

Key Details

• Transaction dates: underlying vesting/conversion dated April 3, 2026; sell-to-cover sales were processed over April 7–9, 2026 (amended Form 4 filed April 9, 2026).
• Exercise/conversion (M): 16,964 shares and 51,232 shares acquired at $0.00 (vesting of RSUs and earned performance units).
• Sales (S): 21,280 shares and 7,050 shares sold at $3.35 each, proceeds ≈ $71,286 and $23,617 (total ≈ $94,903).
• Net effect: 68,196 shares were delivered on vesting and 28,330 were sold to cover taxes, leaving a net increase of 39,866 shares held by the insider (based on these transactions).
• Footnotes: One-third tranches of previously granted RSUs and “earned performance units” vested (per plan terms). The sales were automatic sell-to-cover transactions processed by the company’s stock plan administrator; the CFO did not initiate or control the timing.
• Filing status: This is an amended Form 4 filed April 9, 2026 to add the automatic sell-to-cover transactions that were not reported to the insider until April 9.

Context

• These transactions reflect routine vesting and tax withholding (sell-to-cover), not an open-market discretionary sale by the insider. For retail investors, automatic sell-to-cover activity is common after RSU/performance-unit vesting and does not necessarily signal a change in insider sentiment.