Michael L. Perica - Dec 13, 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
Dec 13, 2022
Transactions value $
-$13,659
Form type
4
Date filed
12/15/2022, 04:30 PM
Previous filing
Oct 4, 2022
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +8.33K +14.58% $0.00 65.5K Dec 13, 2022 Direct
transaction RMNI Common Stock Sale -$13.7K -3.35K -5.12% $4.08 62.1K Dec 13, 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 -8.33K -33.33% $0.00 16.7K Dec 13, 2022 Common Stock 8.33K 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 December 13, 2021, the Reporting Person was granted 25,000 Restricted Stock Units, one-third of which vested on December 13, 2022. The remaining two-thirds vest ratably on December 13, 2023 and December 13, 2024, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date.