Seth A. Ravin - 07 May 2022 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
CEO & Chairman of the Board, Director, 10%+ Owner
Signature
/s/ by Celeste R. Peiffer, as Attorney-in-Fact
Issuer symbol
RMNI
Transactions as of
07 May 2022
Net transactions value
-$12,503
Form type
4
Filing time
11 May 2022, 20:27:51 UTC
Previous filing
11 Mar 2022
Next filing
07 Jun 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 +8,334 +12% $0.000000 77,873 07 May 2022 Direct
transaction RMNI Common Stock Sale $12,503 -2,183 -2.8% $5.73 75,690 09 May 2022 Direct F1
holding RMNI Common Stock 11,406,509 07 May 2022 Through the SAR Trust

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 -8,334 -100% $0.000000* 0 07 May 2022 Common Stock 8,334 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 May 7, 2019, the Reporting Person was granted 25,000 Restricted Stock Units, which Restricted Stock Units vested ratably in one-third increments on each of May 7, 2020, May 7, 2021 and May 7, 2022, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date.