Rimini Street EVP Maddock sells $10k in shares
#Rimini Street #Kevin Maddock #Insider Trading #Stock Sale #Restricted Stock Units #RMNI #Tidewater Inc.
📌 Key Takeaways
- Kevin Maddock sold 2,809 shares worth $10,445 to cover tax obligations
- Maddock also acquired 6,667 shares at $0 from restricted stock units vesting
- The stock trades at a P/E ratio of 9.53 with the company being profitable
- Rimini Street expanded its partnership with Tidewater Inc. to include SAP systems globally
📖 Full Retelling
Kevin Maddock, Executive Vice President at Rimini Street (NASDAQ:RMNI), sold 2,809 shares of common stock on March 3, 2026, at $3.7187 per share totaling $10,445 to cover tax obligations related to the vesting of restricted stock units. The transaction occurred as the company's stock trades at a P/E ratio of 9.53, with Rimini Street maintaining profitability over the last twelve months. According to a Form 4 filing with the Securities and Exchange Commission, the sale was part of a broader stock movement that also saw Maddock acquire 6,667 shares of common stock at $0 per share upon the vesting of the same restricted stock units. This dual transaction reflects common executive compensation practices where stock awards vest over time, triggering tax liabilities that necessitate sales to cover those obligations. Meanwhile, Rimini Street continues to expand its business operations, having recently extended its partnership with Tidewater Inc. to enhance global ERP support services beyond Oracle PeopleSoft systems to include SAP systems across Tidewater's worldwide operations.
🏷️ Themes
Corporate Executives, Stock Transactions, Business Partnerships
📚 Related People & Topics
Insider trading
Trading using nonpublic information
# Insider Trading **Insider trading** is the trading of a public company's stock or other securities (such as bonds or stock options) based on **material, nonpublic information** about the company. While the practice is common, its legality is subject to complex regulations that vary significantly ...
Entity Intersection Graph
Connections for Insider trading:
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SEC filing
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Restricted stock
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New York Stock Exchange
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Vice president
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Original Source
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