Seth A. Ravin - Jun 3, 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
Stock symbol
RMNI
Transactions as of
Jun 3, 2021
Transactions value $
-$133,210
Form type
4
Date filed
6/4/2021, 06:58 PM
Previous filing
May 11, 2021
Next filing
Dec 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise +77.4K +595.02% 90.4K Jun 3, 2021 Direct F1
transaction RMNI Common Stock Sale -$133K -20.8K -23.04% $6.40 69.5K Jun 3, 2021 Direct F3
holding RMNI Common Stock 12.9M Jun 3, 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 -77.4K -33.33% $0.00 155K Jun 3, 2021 Common Stock 77.4K 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.