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

Role
CEO, President & Chairman, Director, 10%+ Owner
Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Issuer symbol
RMNI
Transactions as of
03 Apr 2023
Transactions value $
$0
Form type
4
Filing time
05 Apr 2023, 21:12:42 UTC
Previous filing
10 Mar 2023
Next filing
06 Jun 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 10.5M 03 Apr 2023 Through the SAR Trust
holding RMNI Common Stock 155K 03 Apr 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 Options (Right to Buy) Award $0 +277K $0.00 277K 03 Apr 2023 Common Stock 277K $3.93 Direct F1
transaction RMNI Restricted Stock Units Award $0 +229K $0.00 229K 03 Apr 2023 Common Stock 229K 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 in three (3) equal annual installments on April 3, 2024, April 3, 2025, and April 3, 2026, provided that the Reporting Person remains employed by the Issuer (and/or a remains 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 in three (3) equal annual installments on April 3, 2024, April 3, 2025 and April 3, 2026, provided that the Reporting Person remains employed by the Issuer (and/or a member of the Issuer's Board of Directors) through the applicable vesting date.