David W. Rowe - Apr 3, 2025 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Stock symbol
RMNI
Transactions as of
Apr 3, 2025
Transactions value $
$0
Form type
4
Date filed
4/7/2025, 09:41 PM
Previous filing
Mar 10, 2025
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +5.09K +1.29% $0.00 400K Apr 3, 2025 Direct
transaction RMNI Common Stock Options Exercise $0 +15.4K +3.84% $0.00 415K Apr 3, 2025 Direct
transaction RMNI Common Stock Options Exercise $0 +6.67K +1.61% $0.00 422K Apr 3, 2025 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 Options Exercise $0 -5.09K -50% $0.00 5.09K Apr 3, 2025 Common Stock 5.09K Direct F1, F2
transaction RMNI Performance Units Options Exercise $0 -15.4K -50% $0.00 15.4K Apr 3, 2025 Common Stock 15.4K Direct F3, F4, F5
transaction RMNI Restricted Stock Units Options Exercise $0 -6.67K -50% $0.00 6.67K Apr 3, 2025 Common Stock 6.67K Direct F1, F6
* 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 On April 3, 2023 the Reporting Person was granted 15,267 Restricted Stock Units, one-third of which vested on April 3, 2024 and one-third of which vested on April 3, 2025. The remaining one-third will vest on April 3, 2026, 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 vesting date.
F3 Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F4 Represents one-third of the total 46,106 "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated March 1, 2024) under the terms of the Issuer's 2023 Long-Term Incentive Plan based upon the Issuer's achievement against a target adjusted EBITDA goal for fiscal year 2023 and the Issuer's achievement of a target total revenue goal for fiscal year 2023, effective as of February 28, 2024 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2023).
F5 One-third of the "Earned Performance Units" vested on April 3, 2024, and one-third of the "Earned Performance Units" vested on April 3, 2025. The remaining one-third will vest on April 3, 2026, 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 vesting date.
F6 On April 3, 2023 the Reporting Person was granted 20,000 Restricted Stock Units, one-third of which vested on April 3, 2024 and one-third of which vested on April 3, 2025. The remaining one-third will vest on April 3, 2026, 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 vesting date.