Nancy Lyskawa - 03 Apr 2025 Form 4 Insider Report for Rimini Street, Inc. (RMNI)

Signature
/s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact
Issuer symbol
RMNI
Transactions as of
03 Apr 2025
Net transactions value
$0
Form type
4
Filing time
07 Apr 2025, 21:45:08 UTC
Previous filing
06 Mar 2025
Next filing
08 May 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 +5,089 +3.7% $0.000000 142,577 03 Apr 2025 Direct
transaction RMNI Common Stock Options Exercise $0 +15,368 +11% $0.000000 157,945 03 Apr 2025 Direct
transaction RMNI Common Stock Options Exercise $0 +6,667 +4.2% $0.000000 164,612 03 Apr 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 -5,089 -50% $0.000000 5,090 03 Apr 2025 Common Stock 5,089 Direct F1, F2
transaction RMNI Performance Units Options Exercise $0 -15,368 -50% $0.000000 15,371 03 Apr 2025 Common Stock 15,368 Direct F3, F4, F5
transaction RMNI Restricted Stock Units Options Exercise $0 -6,667 -50% $0.000000 6,667 03 Apr 2025 Common Stock 6,667 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
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.