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

Role
CIO, EVP Glob. Shared Services
Signature
/s/ By: Celeste Rasmussen Peiffer, as Attorney-in-Fact
Stock symbol
RMNI
Transactions as of
Feb 23, 2022
Transactions value $
-$14,889
Form type
4
Date filed
3/4/2022, 08:01 PM
Previous filing
Feb 4, 2022
Next filing
Mar 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 +7.49% $0.00 120K Feb 23, 2022 Direct
transaction RMNI Common Stock Sale -$14.9K -3.42K -2.86% $4.36 116K Feb 23, 2022 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 -8.33K -33.33% $0.00 16.7K Feb 23, 2022 Common Stock 8.33K 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 Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F3 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.