Seth A. Ravin - 03 Jun 2021 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
CEO & Chairman of the Board, Director
Signature
/s/Daniel B. Winslow, as Attorney-in-Fact
Issuer symbol
RMNI
Transactions as of
03 Jun 2021
Net transactions value
-$133,210
Form type
4
Filing time
04 Jun 2021, 18:58:41 UTC
Previous filing
11 May 2021
Next filing
06 Dec 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 +77,353 +595% 90,353 03 Jun 2021 Direct F1
transaction RMNI Common Stock Sale $133,210 -20,814 -23% $6.40 69,539 03 Jun 2021 Direct F3
holding RMNI Common Stock 12,867,008 03 Jun 2021 Through the SAR Trust

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 -77,353 -33% $0.000000 154,709 03 Jun 2021 Common Stock 77,353 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 June 3, 2020, the Reporting Person was granted 232,062 Restricted Stock Units, one-third of which vested ratably on June 3, 2021. The remaining two-thirds vest ratably on June 3, 2022 and June 3, 2023, respectively, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable 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.