Steven M. Capelli - May 31, 2022 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role: Director
Signature: /s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Stock symbol: RMNI
Transactions as of: May 31, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/2/2022, 08:18 PM
Previous filing: Jun 4, 2021
Next filing: Mar 30, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RMNI	Common Stock	Options Exercise	$0	+27.6K	+29.33%	$0.00	122K	May 31, 2022	Direct
holding	RMNI	Common Stock						100	May 31, 2022	Through the Steven Capelli Living 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	-27.6K	-100%	$0.00^*	0	May 31, 2022	Common Stock	27.6K		Direct	F1, F2
transaction	RMNI	Restricted Stock Unit	Award	$0	+27.5K		$0.00	27.5K	Jun 1, 2022	Common Stock	27.5K		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F2	On June 2, 2021, the Reporting Person was awarded 27,565 Restricted Stock Units, 100% of which vested on May 31, 2022, or the day before the date of the Issuer's 2022 Annual Meeting of Stockholders.
F3	100% of the Restricted Stock Units awarded will vest on the earlier to occur of (i) June 1, 2023 or (ii) the day before the date of the Issuer's 2023 Annual Meeting of Stockholders, contingent upon the Reporting Person's continued service as a member of the Issuer's Board of Directors through such date.