Kevin Maddock - 04 Aug 2021 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
EVP, Global Sales - Recurring
Signature
/s/ Daniel B. Winslow, as Attorney-in-Fact
Issuer symbol
RMNI
Transactions as of
04 Aug 2021
Net transactions value
-$47,899
Form type
4
Filing time
06 Aug 2021, 18:04:00 UTC
Previous filing
11 May 2021
Next filing
10 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise +16,666 +86% 36,022 04 Aug 2021 Direct F1
transaction RMNI Common Stock Sale $47,899 -5,764 -16% $8.31 30,258 04 Aug 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 -16,666 -33% $0.000000 33,334 04 Aug 2021 Common Stock 16,666 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 50,000 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.