Daniel B. Winslow - May 7, 2021 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
EVP, CLO & Corp. Sec.
Signature
/s/Daniel B. Winslow
Stock symbol
RMNI
Transactions as of
May 7, 2021
Transactions value $
-$19,244
Form type
4
Date filed
5/11/2021, 07:38 PM
Next filing
Jul 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise +8.33K +43.04% 27.7K May 7, 2021 Direct F1, F3
transaction RMNI Common Stock Sale -$19.2K -2.5K -9.01% $7.71 25.2K May 7, 2021 Direct F2

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 -8.33K -50% $0.00 8.33K May 7, 2021 Common Stock 8.33K Direct F1, F3
* 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 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.
F3 On May 7, 2019, the Reporting Person was granted 25,000 Restricted Stock Units, two-thirds of which vested ratably on May 7, 2020 and May 7, 2021, respectively. The remaining one-third vests on May 7, 2022, subject to the Reporting Person's continued service as an employee of the Issuer through the vesting date.

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.