Rimini Street (NASDAQ:RMNI) reported an insider transaction on March 3, 2026 involving Executive Vice President and Chief Financial Officer Michael L. Perica. On that date Perica sold 3,140 shares of Rimini Street common stock at a per-share price of $3.7187, for a total cash value of about $11,676.
In addition to the sale, Perica exercised options on 6,667 Restricted Stock Units on the same day at an exercise price of $0. Both the sale and the option exercise were recorded as occurring on March 3, 2026.
Corporate service expansion
Separately, Rimini Street has extended its service relationship with Tidewater Inc. What began as support for Tidewater’s Oracle PeopleSoft ERP system in Brazil has now been broadened to a global engagement. The expanded scope includes support for Tidewater’s SAP systems and the implementation of a new tax software solution across Tidewater’s worldwide operations.
Rimini Street characterized the extension of services as a continuation and broadening of the initial engagement, signaling that the work performed in Brazil has led to a larger, company-wide arrangement. The firm is now supporting multiple ERP environments for Tidewater under this expanded relationship.
What the filings and company announcements show
- Insider activity: Michael L. Perica sold 3,140 Rimini Street shares at $3.7187 each, totaling approximately $11,676, and exercised 6,667 RSUs at $0 on March 3, 2026.
- Client engagement: Rimini Street expanded its initial Brazil-based Oracle PeopleSoft support for Tidewater to cover global operations, added SAP system support, and deployed a tax software solution worldwide for Tidewater.
- Operational focus: The developments reported emphasize ongoing work in ERP support and tax software deployment across a client’s global footprint.
Context and limits of available information
The disclosures provide specific transaction details and describe the expanded scope of services for Tidewater but do not include additional information such as the timeline for the global rollout, the financial terms of the expanded services, or commentary from the companies about the expected operational impact. The filings and announcements cited list the transactions and the service expansion without further quantitative or qualitative guidance.