Seth A. Ravin - Jun 3, 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
Stock symbol
RMNI
Transactions as of
Jun 3, 2022
Transactions value $
-$146,050
Form type
4
Date filed
6/7/2022, 05:45 PM
Previous filing
May 11, 2022
Next filing
Jan 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +77.4K +102.2% $0.00 153K Jun 3, 2022 Direct
transaction RMNI Common Stock Sale -$146K -22.1K -14.42% $6.62 131K Jun 3, 2022 Direct F1
holding RMNI Common Stock 11.4M Jun 3, 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 -77.4K -50% $0.00 77.4K Jun 3, 2022 Common Stock 77.4K 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 232,062 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 vests on June 3, 2023, subject to the Reporting Person's continued service as an employee and/or member of the Board of Directors of the Issuer through the vesting date.