David W. Rowe - 03 Mar 2024 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Issuer symbol
RMNI
Transactions as of
03 Mar 2024
Net transactions value
-$7,976
Form type
4
Filing time
05 Mar 2024, 18:37:02 UTC
Previous filing
01 Mar 2024
Next filing
05 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +6,666 +1.8% $0.000000 372,511 03 Mar 2024 Direct
transaction RMNI Common Stock Sale $7,976 -2,803 -0.75% $2.85 369,708 05 Mar 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 -6,666 -33% $0.000000 13,334 03 Mar 2024 Common Stock 6,666 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 March 3, 2023 the Reporting Person was granted 20,000 Restricted Stock Units, one-third of which vested on March 3, 2024. The remaining two-thirds vest ratably on March 3, 2025 and March 3, 2026, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date.