Seth A. Ravin - 06 May 2024 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
06 May 2024
Transactions value $
$0
Form type
4
Filing time
08 May 2024, 17:43:16 UTC
Previous filing
08 Apr 2024
Next filing
17 Dec 2024
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 06 May 2024 Through the SAR Trust
holding RMNI Common Stock 426K 06 May 2024 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 Restricted Stock Units Award $0 +291K $0.00 291K 06 May 2024 Common Stock 291K Direct F1, F2
transaction RMNI Employee Stock Options (Right to Buy) Award $0 +310K $0.00 310K 06 May 2024 Common Stock 310K $2.47 Direct 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 The Restricted Stock Units will vest in three (3) equal installments on May 6, 2025, May 6, 2026 and May 6, 2027, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the applicable vesting date.
F3 The Employee Stock Options will vest in three (3) equal installments on May 6, 2025, May 6, 2026 and May 6, 2027, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the applicable vesting date.