Gerard Brossard - 20 Nov 2021 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
Chief Operating Officer
Signature
/s/ By: Celeste Rasmussen Peiffer, as Attorney-in-Fact
Issuer symbol
RMNI
Transactions as of
20 Nov 2021
Net transactions value
-$192,558
Form type
4
Filing time
24 Nov 2021, 15:02:45 UTC
Previous filing
04 Jun 2021
Next filing
15 Dec 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 $0 +66,666 +153% $0.000000 110,278 22 Nov 2021 Direct
transaction RMNI Common Stock Sale $192,558 -28,200 -26% $6.83 82,078 20 Nov 2021 Direct F1

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 -66,666 -33% $0.000000 133,334 20 Nov 2021 Common Stock 66,666 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F3 On November 20, 2020, the Reporting Person was granted 200,000 Restricted Stock Units, one-third of which vested ratably on Saturday, November 20, 2021 (with a deemed transaction date of Monday, November 22, 2021). The remaining two-thirds vest ratably on November 20, 2022 and November 20, 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.