Seth A. Ravin - 03 Jun 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
Issuer symbol: RMNI
Transactions as of: 03 Jun 2023
Transactions value $: -$90,882
Form type: 4
Filing time: 06 Jun 2023, 18:31:40 UTC
Previous filing: 05 Apr 2023
Next filing: 15 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RMNI	Common Stock	Options Exercise	$0	+77.4K	+49.86%	$0.00	233K	03 Jun 2023	Direct
transaction	RMNI	Common Stock	Sale	-$90.9K	-21.2K	-9.13%	$4.28	211K	04 Jun 2023	Direct	F1
holding	RMNI	Common Stock						10.5M	03 Jun 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	-77.4K	-100%	$0.00^*	0	03 Jun 2023	Common Stock	77.4K		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 June 3, 2020, the Reporting Person was granted 232,062 Restricted Stock Units, which Restricted Stock Units vested ratably in one-third increments on each of June 3, 2021, June 3, 2022 and June 3, 2023, subject to the Reporting Person's continued service as an employee of the Issuer and/or a member of the Issuer's Board of Directors through the applicable vesting date.