Seth A. Ravin - Feb 28, 2024 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role: President, CEO & Chairman, Director, 10%+ Owner
Signature: /s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Stock symbol: RMNI
Transactions as of: Feb 28, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/1/2024, 04:18 PM
Previous filing: Dec 15, 2023
Next filing: Mar 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	RMNI	Common Stock						235K	Feb 28, 2024	Direct
holding	RMNI	Common Stock						10.5M	Feb 28, 2024	Through the SAR Trust

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	Performance Units	Award	$0	+576K		$0.00	576K	Feb 28, 2024	Common Stock	576K		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F2	Represents "Earned Performance Units" under the terms of the Issuer's 2023 Long-Term Incentive Plan based upon the Issuer's achievement against a target adjusted EBITDA goal for fiscal year 2023 and the Issuer's achievement of a target total revenue goal for fiscal year 2023, effective as of February 28, 2024 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2023).
F3	The Performance Units are subject to additional time-based vesting requirements and will vest in three (3) equal installments on April 3, 2024, April 3, 2025 and April 3, 2026, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the applicable vesting date.