Brian Slepko - 03 Feb 2023 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
EVP, Corporate Development
Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Issuer symbol
RMNI
Transactions as of
03 Feb 2023
Net transactions value
-$22,601
Form type
4
Filing time
07 Feb 2023, 18:16:19 UTC
Previous filing
09 Aug 2022
Next filing
27 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +11,666 +1.3% $0.000000 934,342 03 Feb 2023 Direct
transaction RMNI Common Stock Options Exercise $0 +714 +0.08% $0.000000 935,056 03 Feb 2023 Direct
transaction RMNI Common Stock Sale $22,601 -4,693 -0.5% $4.82 930,363 03 Feb 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 -11,666 -33% $0.000000 23,334 03 Feb 2023 Common Stock 11,666 Direct F2, F3
transaction RMNI Restricted Stock Unit Options Exercise $0 -714 -33% $0.000000 1,431 03 Feb 2023 Common Stock 714 Direct F2, F4
* 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 35,000 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.
F4 On February 3, 2022, the Reporting Person was granted 2,145 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.