Gerard Brossard - Jun 3, 2022 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Signature
/s/ By: Celeste Rasmussen Peiffer, as Attorney-in-Fact
Stock symbol
RMNI
Transactions as of
Jun 3, 2022
Transactions value $
-$156,796
Form type
4
Date filed
6/7/2022, 04:57 PM
Previous filing
Feb 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +66.7K +81.22% $0.00 149K Jun 3, 2022 Direct
transaction RMNI Common Stock Sale -$157K -23.7K -15.93% $6.62 125K Jun 3, 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 -66.7K -50% $0.00 66.7K Jun 3, 2022 Common Stock 66.7K 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 June 3, 2020, the Reporting Person was granted 200,000 Restricted Stock Units, one-third of which vested on June 3, 2021 and one-third of which vested on June 3, 2022. The remaining one-third will vest on June 3, 2023, subject to the Reporting Person's continued service as an employee of the Issuer through the vesting date.