David W. Rowe - Aug 6, 2022 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Stock symbol
RMNI
Transactions as of
Aug 6, 2022
Transactions value $
-$34,036
Form type
4
Date filed
8/9/2022, 06:52 PM
Previous filing
Aug 8, 2022
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +16.7K +5.31% $0.00 330K Aug 6, 2022 Direct
transaction RMNI Common Stock Sale -$34K -6.1K -1.85% $5.58 324K Aug 9, 2022 Direct F1

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 -16.7K -100% $0.00* 0 Aug 6, 2022 Common Stock 16.7K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F3 On August 6, 2019, the Reporting Person was granted 50,000 Restricted Stock Units, one-third of which vested on August 6, 2020, one-third of which vested on August 6, 2021 and one third of which vested on August 6, 2022, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date.