Seth A. Ravin - 03 Mar 2023 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Role
CEO & Chairman of the Board, Director, 10%+ Owner
Signature
/s/ by Celeste R. Peiffer, as Attorney-in-Fact
Issuer symbol
RMNI
Transactions as of
03 Mar 2023
Transactions value $
$0
Form type
4
Filing time
07 Mar 2023, 16:03:35 UTC
Previous filing
03 Feb 2023
Next filing
10 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RMNI Common Stock 11.3M 03 Mar 2023 Through the SAR Trust
holding RMNI Common Stock 155K 03 Mar 2023 Direct

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 Employee Stock Option (Right to Buy) Award $0 +20K $0.00 20K 03 Mar 2023 Common Stock 20K $5.06 Direct F1
transaction RMNI Restricted Stock Units Award $0 +20K $0.00 20K 03 Mar 2023 Common Stock 20K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option award will vest ratably in three (3) annual installments on March 3, 2024, March 3, 2025 and March 3, 2026, provided that the Reporting Person remains employed by the Issuer (or a member of the Issuer's Board of Directors) through the applicable vesting date.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F3 The restricted stock units will vest ratably in three (3) annual installments on March 3, 2024, March 3, 2025 and March 3, 2026, provided that the Reporting Person remains employed by the Issuer (or a member of the Issuer's Board of Directors) through the applicable vesting date.