Seth A. Ravin - Dec 13, 2023 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
President, CEO & Chairman, Director, 10%+ Owner
Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Stock symbol
RMNI
Transactions as of
Dec 13, 2023
Transactions value $
-$30,908
Form type
4
Date filed
12/15/2023, 04:07 PM
Previous filing
Jun 6, 2023
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +33.3K +15.78% $0.00 245K Dec 13, 2023 Direct
transaction RMNI Common Stock Sale -$30.9K -9.48K -3.88% $3.26 235K Dec 13, 2023 Direct F1
holding RMNI Common Stock 10.5M Dec 13, 2023 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 -33.3K -50% $0.00 33.3K Dec 13, 2023 Common Stock 33.3K 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 December 13, 2021, the Reporting Person was granted 100,000 Restricted Stock Units, one-third of which vested on December 13, 2022 and one-third of which vested on December 13, 2023. The remaining one-third will vest on December 13, 2024, subject to the Reporting Person's continued service as an employee and/or member of the Board of Directors of the Issuer through the applicable vesting date.