Michael L. Perica - Aug 3, 2022 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
EVP & Chief Financial Officer
Signature
/s/ By: Celeste Rasmussen Peiffer, as Attorney-in-Fact
Stock symbol
RMNI
Transactions as of
Aug 3, 2022
Transactions value $
-$14,291
Form type
4
Date filed
8/5/2022, 04:06 PM
Previous filing
Apr 8, 2022
Next filing
Oct 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +5K +14.51% $0.00 39.5K Aug 3, 2022 Direct
transaction RMNI Common Stock Sale -$14.3K -2.27K -5.76% $6.28 37.2K Aug 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 Common Stock Options Exercise $0 -5K -33.33% $0.00 10K Aug 3, 2022 Common Stock 5K 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 August 3, 2021, the Reporting Person was granted 15,000 Restricted Stock Units, one-third of which vested ratably on August 3, 2022. The remaining two-thirds vest ratably on August 3, 2023 and August 3, 2024, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date.