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AI brief of an SEC Form 8-K · Rimini Street, Inc. (RMNI)

Rimini Street grants reinstated CRO Steven Hershkowitz stock options, RSUs and PSUs

Neutral Impact 3 of 5 leadership Written later

Rimini Street's Compensation Committee approved equity awards effective October 1, 2026 for Steven Hershkowitz, Executive Vice President and Chief Revenue Officer. The awards are meant to restore unvested equity forfeited when he resigned on September 8, 2026, and he was reinstated to his prior role as of September 14, 2026. The grants add options, restricted stock units and performance units that vest over several years, which dilutes shareholders only to the extent the awards are exercised or settled.

Key points

  • Options: 66,667, 18,301, 25,116 and 100,000 shares, exercisable at $4.29 per share with a 10-year term
  • RSUs: 100,002, 66,667, 22,989, 11,264 and 32,258 units, settleable into common shares on vesting
  • 32,258 target performance units tied to 2026 adjusted EBITDA and total revenue goals for the year ending December 31, 2026
  • Hershkowitz resigned September 8, 2026 and was reinstated effective September 14, 2026

The filing

CompanyRimini Street, Inc. (RMNI)
Form8-K, current report
Filed with the SECOct 2, 2026, 4:02 PM ET
Accession number0001635282-26-000067

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 02, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.