Kevin Maddock - 06 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
06 Aug 2021
Net transactions value
-$46,919
Form type
4
Filing time
10 Aug 2021, 18:05:31 UTC
Previous filing
06 Aug 2021
Next filing
04 Feb 2022
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 +55% 46,924 06 Aug 2021 Direct F1
transaction RMNI Common Stock Tax liability $46,919 -5,764 -12% $8.14 41,160 06 Aug 2021 Direct

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 -50% $0.000000 16,668 06 Aug 2021 Common Stock 16,666 Direct F1, F2
* 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 On August 6, 2019, the Reporting Person was granted 50,000 Restricted Stock Units, one-third of which vested ratably on August 6, 2020 and one-third of which vested ratably on August 6, 2021. The remaining one-third vests ratably on August 6, 2022, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date.