Rimini Street CFO Executes Rule 10b5‑1 Plan Sale of 53,882 Shares Amid Quiet Market Activity

Insider Selling at Rimini Street: What It Means for Shareholders

Perica Michael L., the EVP and Chief Financial Officer, executed a Rule 10b5‑1 plan sale of 53,882 shares on January 8, 2026, for $4.00 apiece, leaving her with 92,150 shares. The transaction is part of a broader pattern of systematic, plan‑based liquidations that have characterized Michael’s activity over the past year. Since adopting the plan in June 2025, she has sold more than 350,000 shares at prices ranging from $3.29 to $4.20, while also buying back nearly 60,000 shares in May 2025. Her average sale price has tracked closely to the market, suggesting a disciplined, risk‑controlled approach rather than a panic‑driven divestiture.

Investor Signals in the Current Sale

The January 8 sale occurred when Rimini Street’s stock was trading at $3.98, a 2.6 % week‑to‑week gain and 44 % year‑to‑date rally. The price change of –0.02% and neutral buzz indicate that the sale is unlikely to move the market. For investors, the key takeaway is that the CFO’s transactions are executed under a pre‑established plan, which mitigates concerns about insider confidence or market timing. Nevertheless, the cumulative volume of shares sold by senior management can signal a modest appetite for cash, potentially reflecting funding needs for expansion or a shift in capital allocation priorities.

Implications for Rimini Street’s Future

Rimini Street operates in a niche IT‑support sector with a solid 8.2 price‑to‑earnings ratio and a 52‑week high of $5.38. The CFO’s plan‑based sales do not appear to undermine long‑term fundamentals; the company’s market cap remains modest at $353 million, and its earnings guidance has remained steady. However, the pattern of repeated selling may prompt analysts to scrutinize whether the company’s cash runway is being stretched or whether it is investing aggressively in new service lines, such as the recent partnership with SP Electricity North West. If the cash raised is directed toward strategic acquisitions or R&D, the stock could see a positive upside in the medium term.

A Profile of Perica Michael L.

Perica Michael’s insider trading record reveals a seasoned CFO who balances liquidity with ownership. Over the last twelve months, she has sold roughly 400,000 shares, averaging $3.75 per share, while maintaining a stake of about 92,000 shares—approximately 4.5 % of outstanding shares. Her transactions are almost exclusively Rule 10b5‑1 plan sales, indicating a long‑term view that is insulated from market sentiment. Historically, her purchases in May 2025 (≈ 60,000 shares) were executed at a lower price base ($3.29), suggesting opportunistic buying when the share price dipped. This disciplined approach aligns with her role in overseeing the company’s finances and signals a focus on preserving capital for strategic initiatives rather than speculative trading.

Bottom Line for Investors

The recent sale by the CFO is a routine execution of an established trading plan, unlikely to sway market sentiment. Investors should view the cumulative insider activity as a sign that Rimini Street’s leadership is actively managing its equity holdings while maintaining a significant stake in the business. The company’s solid valuation metrics and recent partnership activity hint at potential growth catalysts. As always, monitoring subsequent filings and earnings releases will be key to assessing whether the CFO’s cash generation aligns with shareholder value creation.