Brian Slepko - Aug 4, 2022 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
EVP, Global Service Delivery
Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Stock symbol
RMNI
Transactions as of
Aug 4, 2022
Transactions value $
-$36,506
Form type
4
Date filed
8/8/2022, 04:03 PM
Previous filing
May 11, 2022
Next filing
Aug 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +16.7K +1.85% $0.00 918K Aug 4, 2022 Direct
transaction RMNI Common Stock Sale -$36.5K -6.27K -0.68% $5.83 912K Aug 4, 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 -16.7K -50% $0.00 16.7K Aug 4, 2022 Common Stock 16.7K 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 August 4, 2020, the Reporting Person was granted 50,000 Restricted Stock Units, one-third of which vested on August 4, 2021 and one-third of which vested on August 4, 2022. The remaining one-third will vest on August 4, 2023, subject to the Reporting Person's continued service as an employee of the Issuer through the vesting date.