David W. Rowe - Aug 4, 2021 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role: EVP & Chief Marketing Officer
Signature: /s/ Daniel B. Winslow, as Attorney-in-Fact
Stock symbol: RMNI
Transactions as of: Aug 4, 2021
Transactions value $: -$95,789
Form type: 4
Date filed: 8/6/2021, 05:09 PM
Previous filing: Jul 19, 2021
Next filing: Aug 10, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RMNI	Common Stock	Options Exercise		+33.3K	+16.65%		234K	Aug 4, 2021	Direct	F1
transaction	RMNI	Common Stock	Sale	-$95.8K	-11.5K	-4.94%	$8.31	222K	Aug 4, 2021	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RMNI	Restricted Stock Unit	Options Exercise	$0	-33.3K	-33.33%	$0.00	66.7K	Aug 4, 2021	Common Stock	33.3K		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F2	Reported transaction is an automatically-triggered "sell-to-cover" transaction related to the payment of withholding tax obligations pursuant to the Issuer's policy for tax withholdings associated with Restricted Stock Unit vesting events.
F3	On August 4, 2020, the Reporting Person was granted 100,000 Restricted Stock Units, one-third of which vested ratably on August 4, 2021. The remaining two-thirds vest ratably on August 4, 2022 and August 4, 2023, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date.

Remarks:

Reported transaction is an automatically-triggered "sell-to-cover" transaction related to the payment of withholding tax obligations pursuant to the Issuer's policy for tax withholdings associated with Restricted Stock Unit vesting events.