Kevin Maddock - Feb 3, 2023 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
EVP,ChiefRecurringRev.Officer
Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Stock symbol
RMNI
Transactions as of
Feb 3, 2023
Transactions value $
-$24,277
Form type
4
Date filed
2/7/2023, 05:38 PM
Previous filing
Aug 9, 2022
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +13.3K +25.44% $0.00 65.7K Feb 3, 2023 Direct
transaction RMNI Common Stock Sale -$24.3K -5.04K -7.67% $4.82 60.7K Feb 3, 2023 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 Units Options Exercise $0 -13.3K -33.33% $0.00 26.7K Feb 3, 2023 Common Stock 13.3K 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 February 3, 2022, the Reporting Person was granted 40,000 Restricted Stock Units, one-third of which vested on February 3, 2023. The remaining two-thirds vest ratably on February 3, 2024 and February 3, 2025, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date.