Form 4 for RMNI Rimini Street, Inc.
Accepted 2021-08-06 00:00:00 ET · period of report 2021-08-04 · accession 0001635282-21-000111 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-08-06 | 2021-08-04 | RMNI | Grady Sebastian | Pres | M - OptEx | — | +16.7K | 107.9K | +18% | — |
| D | 2021-08-06 | 2021-08-04 | RMNI | Grady Sebastian | Pres | S - Sale+OE | $8.31 | -5,764 | 102.1K | -5% | -$47.9K |
| D | 2021-08-06 | 2021-08-04 | RMNI | Grady Sebastian | Pres | M - OptEx | $0.00 | -16.7K | 33.3K | -33% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-08-04 | M | A | 16,666 | — | 107,854 | D | — | — | (F1) Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. |
| 2 | Common | Common Stock | 2021-08-04 | S | D | 5,764 | $8.31 | 102,090 | D | — | — | (F2) 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. |
| 3 | Derivative | Restricted Stock Unit | 2021-08-04 | M | D | 16,666 | $0.00 | 33,334 | D | — · — to — | 16,666 Common Stock | (F1) Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. (F3) On August 4, 2020, the Reporting Person was granted 50,000 Restricted Stock Units, one-third of which vested ratably on August 4, 2021. The remaining two-thirds vest ratably on August 4, 2022 and August 4, 2023, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date. |