Sebastian Grady - 23 Feb 2022 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role: President
Signature: /s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Issuer symbol: RMNI
Transactions as of: 23 Feb 2022
Net transactions value: -$17,309
Form type: 4
Filing time: 04 Mar 2022, 18:47:13 UTC
Previous filing: 04 Feb 2022
Next filing: 11 May 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	$0	+8,333	+7%	$0.000000	126,718	23 Feb 2022	Direct
transaction	RMNI	Common Stock	Sale	$14,929	-3,424	-2.7%	$4.36	123,294	23 Feb 2022	Direct	F1
transaction	RMNI	Common Stock	Options Exercise	$0	+1,329	+1.1%	$0.000000	124,623	23 Feb 2022	Direct
transaction	RMNI	Common Stock	Sale	$2,381	-546	-0.44%	$4.36	124,077	23 Feb 2022	Direct	F1, 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	-8,333	-33%	$0.000000	16,667	23 Feb 2022	Common Stock	8,333		Direct	F3, F4
transaction	RMNI	Restricted Stock Unit	Options Exercise	$0	-1,329	-100%	$0.000000^*	0	23 Feb 2022	Common Stock	1,329		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	On February 23, 2021, the Reporting Person was granted 1,329 Restricted Stock Units, 100% of which vested on February 23, 2022.
F3	Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F4	On February 23, 2021, the Reporting Person was granted 25,000 Restricted Stock Units, one-third of which vested on February 23, 2022. The remaining two-thirds vest ratably on February 23, 2023 and February 23, 2024, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date.