Kevin Maddock - Aug 2, 2024 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
EVP,ChiefRecurringRev.Officer
Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Stock symbol
RMNI
Transactions as of
Aug 2, 2024
Transactions value $
-$2,381
Form type
4
Date filed
8/6/2024, 04:02 PM
Previous filing
May 8, 2024
Next filing
Nov 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +3.33K +3.11% $0.00 111K Aug 2, 2024 Direct
transaction RMNI Common Stock Sale -$2.38K -1.32K -1.19% $1.81 109K Aug 2, 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 -3.33K -49.99% $0.00 3.33K Aug 2, 2024 Common Stock 3.33K 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 August 2, 2022, the Reporting Person was granted 10,000 Restricted Stock Units, one-third of which vested on August 2, 2023 and one-third of which vested on August 2, 2024. The remaining one-third will vest on August 2, 2025, 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 such date.