David W. Rowe - May 7, 2021 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
EVP & Chief Marketing Officer
Signature
/s/Daniel B. Winslow
Stock symbol
RMNI
Transactions as of
May 7, 2021
Transactions value $
-$22,667
Form type
4
Date filed
5/11/2021, 09:27 PM
Next filing
Jul 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise +8.33K +4.77% 183K May 7, 2021 Direct F1
transaction RMNI Common Stock Sale -$22.7K -2.94K -1.61% $7.71 180K May 7, 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 -8.33K -50% $0.00 8.33K May 7, 2021 Common Stock 8.33K 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.