Rimini Street (RMNI) COO Keith Costello Receives Equity Awards

What Happened

• Keith Conan Costello, Rimini Street's Chief Operating Officer, received two equity awards on August 17, 2026: 150,000 stock options and 150,000 restricted stock units (RSUs). The filing shows a transaction price of $0.00 because these were grants (not open‑market purchases or sales); no cash was exchanged at grant.

Key Details

• Transaction date: 2026-08-17; transaction code: A (award/grant).
• Award amounts: 150,000 stock options (derivative) and 150,000 RSUs (contingent right to shares).
• Price shown: $0.00 (reflects grant — not a market purchase or sale; does not by itself indicate option exercise price).
• Vesting (per footnotes): both the options and the RSUs vest in three equal annual installments on Aug 17, 2027; Aug 17, 2028; and Aug 17, 2029, generally subject to continued service.
• Shares owned after the transaction: not specified in the provided filing.
• Filing timeliness: filing date equals report date (2026-08-17), indicating a timely filing in this record.

Context

• RSUs represent a contingent right to receive one share per unit upon vesting; stock options are a derivative that gives the holder the right to acquire shares if and when exercised and vested. Neither award results in immediate marketable shares until vesting (and for options, until exercise). Such grants are typically part of executive compensation/retention plans and are informational rather than direct buy/sell signals.