Michael L. Perica - May 6, 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
May 6, 2025
Transactions value $
-$93,028
Form type
4
Date filed
5/8/2025, 08:26 PM
Previous filing
Apr 8, 2025
Next filing
Sep 2, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Perica Michael L. EVP & Chief Financial Officer C/O 1700 S. PAVILION CENTER DRIVE, SUITE 330, LAS VEGAS /s/ Celeste Rasmussen Peiffer, as Attorney-in-Fact 2025-05-08 0001824290

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMNI Common Stock Options Exercise $0 +54K +26.27% $0.00 259K May 6, 2025 Direct
transaction RMNI Common Stock Sale -$72.7K -22.1K -8.53% $3.29 237K May 6, 2025 Direct F1
transaction RMNI Common Stock Options Exercise $0 +15.1K +6.37% $0.00 252K May 6, 2025 Direct F2
transaction RMNI Common Stock Sale -$20.4K -6.2K -2.45% $3.29 246K May 6, 2025 Direct F3

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 -54K -33.33% $0.00 108K May 6, 2025 Common Stock 54K Direct F4, F5
transaction RMNI Performance Units Options Exercise $0 -15.1K -33.33% $0.00 30.2K May 6, 2025 Common Stock 15.1K Direct 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 45,344 "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 161,943 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.