Seth A. Ravin - Mar 3, 2023 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Signature
/s/ by Celeste R. Peiffer, as Attorney-in-Fact
Stock symbol
RMNI
Transactions as of
Mar 3, 2023
Transactions value $
$0
Form type
4
Date filed
3/7/2023, 04:03 PM
Previous filing
Feb 3, 2023
Next filing
Mar 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RMNI Common Stock 11.3M Mar 3, 2023 Through the SAR Trust
holding RMNI Common Stock 155K Mar 3, 2023 Direct

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 Employee Stock Option (Right to Buy) Award $0 +20K $0.00 20K Mar 3, 2023 Common Stock 20K $5.06 Direct F1
transaction RMNI Restricted Stock Units Award $0 +20K $0.00 20K Mar 3, 2023 Common Stock 20K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option award will vest ratably in three (3) annual installments on March 3, 2024, March 3, 2025 and March 3, 2026, provided that the Reporting Person remains employed by the Issuer (or a member of the Issuer's Board of Directors) through the applicable vesting date.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F3 The restricted stock units will vest ratably in three (3) annual installments on March 3, 2024, March 3, 2025 and March 3, 2026, provided that the Reporting Person remains employed by the Issuer (or a member of the Issuer's Board of Directors) through the applicable vesting date.