Michael L. Perica - 03 Apr 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 Apr 2024
Net transactions value: $0
Form type: 4
Filing time: 05 Apr 2024, 20:31:15 UTC
Previous filing: 05 Mar 2024
Next filing: 10 Apr 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	+16,963	+16%	$0.000000	120,877	03 Apr 2024	Direct
transaction	RMNI	Common Stock	Options Exercise	$0	+51,228	+42%	$0.000000	172,105	03 Apr 2024	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	Restricted Stock Units	Options Exercise	$0	-16,963	-33%	$0.000000	33,927	03 Apr 2024	Common Stock	16,963		Direct	F1, F2
transaction	RMNI	Performance Units	Options Exercise	$0	-51,228	-33%	$0.000000	102,461	03 Apr 2024	Common Stock	51,228		Direct	F3, F4, F5

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F2	On April 3, 2023 the Reporting Person was granted 50,890 Restricted Stock Units, one-third of which vested on April 3, 2024. The remaining two-thirds vest ratably on 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.
F3	Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F4	Represents "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated February 28, 2024) 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).
F5	One-third of the "Earned Performance Units" vested on April 3, 2024. The remaining two-thirds vest ratably on 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.