David W. Rowe - Apr 8, 2024 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Stock symbol
RMNI
Transactions as of
Apr 8, 2024
Transactions value $
-$32,414
Form type
4
Date filed
4/8/2024, 07:40 PM
Previous filing
Apr 5, 2024
Next filing
May 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Sale -$32.4K -10.9K -2.74% $2.98 386K Apr 8, 2024 Direct F1
* 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 and Performance Unit vesting events. The number of shares "sold-to-cover" to satisfy the withholding tax obligations was not determinable until April 8, 2024. The Reporting Person had no control over the timing of the "sell-to-cover" transactions, which were initiated at the direction of the Issuer. See, the Reporting Person's Form 4 filed April 5, 2024, for additional information regarding the associated Restricted Stock Unit and Performance Unit vesting events that automatically triggered the "sell-to-cover" transactions.