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

Role
President
Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Stock symbol
RMNI
Transactions as of
Feb 23, 2022
Transactions value $
-$17,309
Form type
4
Date filed
3/4/2022, 06:47 PM
Previous filing
Feb 4, 2022
Next filing
May 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +8.33K +7.04% $0.00 127K Feb 23, 2022 Direct
transaction RMNI Common Stock Sale -$14.9K -3.42K -2.7% $4.36 123K Feb 23, 2022 Direct F1
transaction RMNI Common Stock Options Exercise $0 +1.33K +1.08% $0.00 125K Feb 23, 2022 Direct
transaction RMNI Common Stock Sale -$2.38K -546 -0.44% $4.36 124K Feb 23, 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 -8.33K -33.33% $0.00 16.7K Feb 23, 2022 Common Stock 8.33K Direct F3, F4
transaction RMNI Restricted Stock Unit Options Exercise $0 -1.33K -100% $0.00* 0 Feb 23, 2022 Common Stock 1.33K 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.