ADAMS STREET PARTNERS LLC - 03 Jun 2025 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
05 Jun 2025, 16:54:13 UTC
Prior SEC filing
07 Jun 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Sara Robinson Dasse

Key filing fact

ADAMS STREET PARTNERS LLC filed Form 4 for Rimini Street, Inc. (RMNI) on 05 Jun 2025.

Key facts

  • This page summarizes ADAMS STREET PARTNERS LLC's Form 4 filing for Rimini Street, Inc. (RMNI).
  • 3 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 05 Jun 2025, 16:54.

Change

  • Previous filing in this sequence was filed on 07 Jun 2024.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001193586 Primary reporting owner

ADAMS STREET PARTNERS LLC

Relationship
10%+ Owner
Address
ONE NORTH WACKER DRIVE, STE 2700, CHICAGO
Signature
/s/ Sara Robinson Dasse
Signature date
05 Jun 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RMNI transaction

Common Stock

Options Exercise

Transaction value
Shares
+65,335
Change %
+31%
Price
Shares after
272,994
Date
03 Jun 2025
Ownership
See Footnote
Footnotes
F10, F11, F12
RMNI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,320,786
Date
03 Jun 2025
Ownership
See Footnote
Footnotes
F1
RMNI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,870,262
Date
03 Jun 2025
Ownership
See Footnote
Footnotes
F2
RMNI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,267,067
Date
03 Jun 2025
Ownership
See Footnote
Footnotes
F3
RMNI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,313,301
Date
03 Jun 2025
Ownership
See Footnote
Footnotes
F4
RMNI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,786,318
Date
03 Jun 2025
Ownership
See Footnote
Footnotes
F5
RMNI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,371,200
Date
03 Jun 2025
Ownership
See Footnote
Footnotes
F6
RMNI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,353,906
Date
03 Jun 2025
Ownership
See Footnote
Footnotes
F7
RMNI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,982,079
Date
03 Jun 2025
Ownership
See Footnote
Footnotes
F8
RMNI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
300,514
Date
03 Jun 2025
Ownership
See Footnote
Footnotes
F9

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

RMNI transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
$0
Shares
-65,335
Change %
-100%
Price
$0.000000
Shares after
0
Date
03 Jun 2025
Ownership
See Footnote
Underlying class
Common Stock
Underlying amount
65,335
Exercise price
Footnotes
F10, F13, F14
RMNI transaction Derivative

Restricted Stock Unit

Award

Transaction value
$0
Shares
+55,727
Change %
Price
$0.000000
Shares after
55,727
Date
04 Jun 2025
Ownership
See Footnote
Underlying class
Common Stock
Underlying amount
55,727
Exercise price
Footnotes
F13, F14, F15, F16
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 16 footnotes

Footnote F1

Represents shares held directly by Adams Street 2007 Direct Fund, L.P. ("AS 2007"). Adams Street Partners, LLC, as the managing member of the general partner of AS 2007, may be deemed to beneficially own the shares held by AS 2007. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2007. Each of Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang disclaim beneficial ownership of the shares held by AS 2007 except to the extent of their pecuniary interest therein.

Footnote F2

Represents shares held directly by Adams Street 2008 Direct Fund, L.P. ("AS 2008"). Adams Street Partners, LLC, as the managing member of the general partner of AS 2008, may be deemed to beneficially own the shares held by AS 2008. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2008. Each of Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang disclaim beneficial ownership of the shares held by AS 2008 except to the extent of their pecuniary interest therein.

Footnote F3

Represents shares held directly by Adams Street 2009 Direct Fund, L.P. ("AS 2009"). Adams Street Partners, LLC, as the managing member of the general partner of AS 2009, may be deemed to beneficially own the shares held by AS 2009. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2009. Each of Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang disclaim beneficial ownership of the shares held by AS 2009 except to the extent of their pecuniary interest therein.

Footnote F4

Represents shares held directly by Adams Street 2013 Direct Fund LP ("AS 2013"). Adams Street Partners, LLC, as the managing member of the general partner of the general partner of AS 2013, may be deemed to beneficially own the shares held by AS 2013. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2013. Each of Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang disclaim beneficial ownership of the shares held by AS 2013 except to the extent of their pecuniary interest therein.

Footnote F5

Represents shares held directly by Adams Street 2014 Direct Fund LP ("AS 2014"). Adams Street Partners, LLC, as the managing member of the general partner of the general partner of AS 2014, may be deemed to beneficially own the shares held by AS 2014. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2014. Each of Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang disclaim beneficial ownership of the shares held by AS 2014 except to the extent of their pecuniary interest therein.

Footnote F6

Represents shares held directly by Adams Street 2015 Direct Venture/Growth Fund LP ("AS 2015"). Adams Street Partners, LLC, as the managing member of the general partner of the general partner of AS 2015, may be deemed to beneficially own the shares held by AS 2015. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2015. Each of Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang disclaim beneficial ownership of the shares held by AS 2015 except to the extent of their pecuniary interest therein.

Footnote F7

Represents shares held directly by Adams Street 2016 Direct Venture/Growth Fund LP ("AS 2016"). Adams Street Partners, LLC, as the managing member of the general partner of the general partner of AS 2016, may be deemed to beneficially own the shares held by AS 2016. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS 2016. Each of Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang disclaim beneficial ownership of the shares held by AS 2016 except to the extent of their pecuniary interest therein.

Footnote F8

Represents shares held directly by Adams Street Venture/Growth Fund VI LP ("AS VGVI"). Adams Street Partners, LLC, as the managing member of the general partner of the general partner of AS VGVI, may be deemed to beneficially own the shares held by AS VGVI. Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by AS VGVI. Each of Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray, and Fred Wang disclaim beneficial ownership of the shares held by AS VGVI except to the extent of their pecuniary interest therein.

Footnote F9

Represents shares held directly by Adams Street Rimini Aggregator LLC ("ASRA"). Adams Street Partners, LLC, as the manager of ASRA, may be deemed to beneficially own the shares held by ASRA. David Brett, Alex Kessel, Michael Taylor, Benjamin Wallwork, Andy Wang and Craig D. Waslin, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), may be deemed to have shared voting and investment power over the shares held by ASRA. Each of Adams Street Partners, LLC and David Brett, Alex Kessel, Michael Taylor, Benjamin Wallwork, Andy Wang and Craig D. Waslin disclaim beneficial ownership of the shares held by ASRA except to the extent of their pecuniary interest therein.

Footnote F10

On June 6, 2024, Robin Murray, a director of the Issuer and partner of Adams Street Partners, LLC, was granted 65,335 Restricted Stock Units which vested 100% on June 3, 2025 or the day before the date of the Issuer's 2025 Annual Meeting of Stockholders. Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock upon vesting.

Footnote F11

The shares of common stock were issued to Robin Murray, a director of the Issuer, who is a partner of Adams Street Partners, LLC. Adams Street Partners, LLC is the managing member of the general partner of AS 2007, AS 2008 and AS 2009, is the managing member of the general partner of the general partner of AS 2013, AS 2014, AS 2015, AS 2016 and AS VGVI (collectively, the "Funds") and is the manager of ASRA. By agreement with the Funds, Mr. Murray is deemed to hold the common stock for the benefit of the Funds.

Footnote F12

The common stock may be deemed to be indirectly beneficially owned by Adams Street Partners, LLC. Each of Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray and Fred Wang, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), disclaim beneficial ownership of the common stock except to the extent of their pecuniary interest therein.

Footnote F13

These Restricted Stock Units were granted to Robin Murray, a director of the Issuer, who is a partner of Adams Street Partners, LLC. Adams Street Partners, LLC is the managing member of the general partner of AS 2007, AS 2008 and AS 2009, the managing member of the general partner of the general partner of each of AS 2013, AS 2014, AS 2015, AS 2016 and AS VGVI, and the manager of ASRA. By agreement with the Funds, Mr. Murray is deemed to hold the Restricted Stock Units for the benefit of the Funds.

Footnote F14

The Restricted Stock Units may be deemed to be indirectly beneficially owned by Adams Street Partners, LLC. Each of Adams Street Partners, LLC and Thomas S. Bremner, Jeffrey T. Diehl, Brian Dudley, Robin Murray and Fred Wang, each of whom is a partner of Adams Street Partners, LLC (or a subsidiary thereof), disclaim beneficial ownership of the Restricted Stock Units except to the extent of their pecuniary interest therein.

Footnote F15

Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock upon vesting.

Footnote F16

100% of the Restricted Stock Units awarded will vest on the earlier to occur of (i) June 4, 2026 or (ii) the day before the date of the Issuer's 2026 Annual Meeting of Stockholders, contingent upon Robin Murray's continued service as a member of the Issuer's Board of Directors through such date.

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