Hershkowitz Steven 4

What Happened

• Steven Hershkowitz, EVP & Chief Revenue Officer of Rimini Street, received 16,896 Performance Units on February 19, 2026, recorded as a derivative award with an acquisition price of $0.00 (total value shown $0 on Form 4). The award is reported as "Earned Performance Units" under the company's 2025 Long-Term Incentive Plan based on achievement of 2025 Adjusted EBITDA and Total Revenue goals.

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-20 (timely filing).
• Award type: Performance Units (derivative), reported at $0.00 per unit.
• Quantity: 16,896 Performance Units.
• Vesting: Subject to additional time-based vesting — vest in three equal installments on March 4, 2026; March 4, 2027; and March 4, 2028, generally conditioned on continued service.
• Conversion: Each Performance Unit represents the contingent right to receive one share of common stock upon vesting.
• Shares owned after transaction: not specified in this filing.
• Reason earned: Units became effective upon the company’s FY2025 results and filing of its 10‑K (per filing footnotes).

Context

• This was a performance-based grant (an award), not a market purchase or sale. Such awards reflect compensation tied to company performance and future service conditions; they do not directly indicate insider buying or selling sentiment. The units only convert to actual shares if and when the vesting conditions are met.