Michael L. Perica - 03 Feb 2024 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
EVP & Chief Financial Officer
Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Issuer symbol
RMNI
Transactions as of
03 Feb 2024
Net transactions value
-$24,938
Form type
4
Filing time
06 Feb 2024, 18:19:29 UTC
Previous filing
15 Dec 2023
Next filing
27 Feb 2024
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 +16,666 +19% $0.000000 103,653 03 Feb 2024 Direct
transaction RMNI Common Stock Sale $24,938 -7,803 -7.5% $3.20 95,850 05 Feb 2024 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 -16,666 -50% $0.000000 16,668 03 Feb 2024 Common Stock 16,666 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 50,000 Restricted Stock Units, one-third of which vested on February 3, 2023, and one-third of which vested on February 3, 2024. The remaining one-third will vest on February 3, 2025, subject to the Reporting Person's continued service as an employee of the Issuer through the vesting date.