Rimini Street EVP David Rowe sells $21,294 in tax-related stock

David W. Rowe, Executive Vice President and Chief Marketing Officer at Rimini Street, Inc., sold 4,884 shares of the company's common stock on September 21, 2026. The sale, which was automatically triggered to meet tax withholding obligations for vested Restricted Stock Units, amounted to $21,294, with each share priced at $4.36.

This transaction occurred following a recent 3.8% decline in Rimini Street's stock value over the previous week, despite a strong 32.7% gain over the past six months. Despite the stock's current valuation, Rimini Street maintains a financially robust position, with more cash on hand than debt. Before this sale, Rowe acquired 13,333 shares of common stock through the vesting of RSUs on September 20, 2026, representing a one-third stake of a 40,000 RSU grant originally made on the same date.

As of the latest update, Rowe owns 506,568 shares of Rimini Street common stock, in addition to 13,334 Restricted Stock Units. Rimini Street's recent financial report for Q2 2026 showed revenue exceeding expectations but falling short of EPS forecasts, while strategic leadership changes were announced, including the reinstatement of Steven Hershkowitz and the appointment of Keith C. Costello.