secwatch.observer — SEC 8-K summary
======================================

Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2026-10-02T20:02:50+00:00
Accession:  0001635282-26-000067
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Rimini Street grants CRO Hershkowitz 210,084 options and 233,180 RSUs to replace equity forfeited on resignation
--------------------------------------------------------------------------------

- Options total 210,084 shares at a $4.29 strike (Oct 1, 2026 closing price), 10-year term; the largest tranche of 100,000 vests one-third annually from Oct 1, 2027 to March 2, 2029.
- RSUs total 233,180, including 100,002 vesting in full Oct 1, 2027 and 66,667 split 50% on the first anniversary and 50% on Dec 17, 2027.
- Target PSU award of 32,258 units tied to FY2026 adjusted EBITDA and total revenue goals under the 2026 LTI Plan; earned units vest a third each on Oct 1, 2027, March 2, 2028 and March 2, 2029.
- Awards restore shares Steven Hershkowitz forfeited when he resigned Sept 8, 2026; he was reinstated as Executive Vice President and Chief Revenue Officer effective Sept 14, 2026.
- Compensation Committee approved the grants effective Oct 1, 2026; all awards require continued service and are issued under the 2013 Equity Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528226000067/0001635282-26-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528226000067/rmni-20261002.htm
  HTML page:      https://secwatch.observer/filing/0001635282-26-000067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer