Form 4 for RMNI Rimini Street, Inc.
Accepted 2022-06-07 00:00:00 ET · period of report 2022-06-03 · accession 0001635282-22-000135 · 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 | 2022-06-07 | 2022-06-03 | RMNI | Ravin Seth A. | CEO, COB, Dir, 10% | S - Sale+OE | $6.62 | -22.1K | 131.0K | -14% | -$146.1K |
| D | 2022-06-07 | 2022-06-03 | RMNI | Ravin Seth A. | CEO, COB, Dir, 10% | M - OptEx | $0.00 | +77.4K | 153.0K | +102% | $0 |
| D | 2022-06-07 | 2022-06-03 | RMNI | Ravin Seth A. | CEO, COB, Dir, 10% | M - OptEx | $0.00 | -77.4K | 77.4K | -50% | $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 | 2022-06-03 | S | D | 22,072 | $6.62 | 130,971 | D | — | — | (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. |
| 2 | Common | Common Stock | 2022-06-03 | M | A | 77,353 | $0.00 | 153,043 | D | — | — | |
| 3 | Derivative | Restricted Stock Unit | 2022-06-03 | M | D | 77,353 | $0.00 | 77,356 | D | — · — to — | 77,353 Common Stock | (F2) Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. (F3) On June 3, 2020, the Reporting Person was granted 232,062 Restricted Stock Units, one-third of which vested on June 3, 2021 and one third of which vested on June 3, 2022. The remaining one-third vests on June 3, 2023, subject to the Reporting Person's continued service as an employee and/or member of the Board of Directors of the Issuer through the vesting date. |