Seth A. Ravin - 06 May 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
06 May 2025
Transactions value $
-$201,332
Form type
4
Filing time
08 May 2025, 20:19:48 UTC
Previous filing
08 Apr 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Ravin Seth A. President, CEO & Chairman, Director, 10%+ Owner C/O 1700 S. PAVILION CENTER DRIVE, SUITE 330, LAS VEGAS /s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact 08 May 2025 0001717716

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +97.2K +16.27% $0.00 694K 06 May 2025 Direct
transaction RMNI Common Stock Sale -$137K -41.8K -6.02% $3.28 653K 06 May 2025 Direct F1
transaction RMNI Common Stock Options Exercise $0 +45.3K +6.95% $0.00 698K 06 May 2025 Direct F2
transaction RMNI Common Stock Sale -$64.1K -19.5K -2.79% $3.28 679K 06 May 2025 Direct F3
holding RMNI Common Stock 10.5M 06 May 2025 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 Units Options Exercise $0 -97.2K -33.33% $0.00 194K 06 May 2025 Common Stock 97.2K Direct F4, F5
transaction RMNI Performance Units Options Exercise $0 -45.3K -33.33% $0.00 90.7K 06 May 2025 Common Stock 45.3K Direct F2, F6, F7
* 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. The Reporting Person did not initiate the sale.
F2 Represents one third of the total 136,032 "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated March 3, 2025) under the terms of the Issuer's 2013 Long-Term Incentive Plan based upon the Issuer's achievement against a target adjusted EBITDA goal for fiscal year 2024 and the Issuer's achievement of a target total revenue goal for fiscal year 2024, effective as of February 27, 2025 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2024).
F3 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 Performance Unit vesting events. The Reporting Person did not initiate the sale.
F4 Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F5 On May 6, 2024, the Reporting Person was granted 291,497 Restricted Stock Units, one-third of which vested on May 6, 2025. The remaining two-thirds vest ratably on 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.
F6 Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F7 One-third of the "Earned Performance Units" vested on May 6, 2025. The remaining two-thirds vest ratably on 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.