Kevin Maddock - 07 May 2021 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
EVP, Global Sales - Recurring
Signature
/s/Daniel B. Winslow, as Attorney-in-Fact
Issuer symbol
RMNI
Transactions as of
07 May 2021
Net transactions value
-$22,667
Form type
4
Filing time
11 May 2021, 21:09:38 UTC
Next filing
06 Aug 2021
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 +8,333 +60% 22,296 07 May 2021 Direct F1
transaction RMNI Common Stock Sale $22,667 -2,940 -13% $7.71 19,356 07 May 2021 Direct F3

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 Unit Options Exercise $0 -8,333 -50% $0.000000 8,334 07 May 2021 Common Stock 8,333 Direct F1, F2
* 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 May 7, 2019, the Reporting Person was granted 25,000 Restricted Stock Units, two-thirds of which vested ratably on May 7, 2020 and May 7, 2021, respectively. The remaining one-third vests on May 7, 2022, subject to the Reporting Person's continued service as an employee of the Issuer through the vesting date
F3 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.

Remarks:

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.