Form 4 for RMNI Rimini Street, Inc.
Accepted 2022-12-15 00:00:00 ET · period of report 2022-12-13 · accession 0001635282-22-000216 · 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 | 2022-12-15 | 2022-12-13 | RMNI | Ravin Seth A. | CEO, COB, Dir, 10% | M - OptEx | $0.00 | +33.3K | 164.3K | +25% | $0 |
| D | 2022-12-15 | 2022-12-13 | RMNI | Ravin Seth A. | CEO, COB, Dir, 10% | S - Sale+OE | $4.08 | -9,156 | 155.1K | -6% | -$37.4K |
| D | 2022-12-15 | 2022-12-13 | RMNI | Ravin Seth A. | CEO, COB, Dir, 10% | M - OptEx | $0.00 | -33.3K | 66.7K | -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 | 2022-12-13 | M | A | 33,333 | $0.00 | 164,304 | D | — | — | |
| 2 | Common | Common Stock | 2022-12-13 | S | D | 9,156 | $4.08 | 155,148 | 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. |
| 3 | Derivative | Restricted Stock Unit | 2022-12-13 | M | D | 33,333 | $0.00 | 66,667 | D | — · — to — | 33,333 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 December 13, 2021, the Reporting Person was granted 100,000 Restricted Stock Units, one-third of which vested on December 13, 2022. The remaining two-thirds vest ratably on December 13, 2023 and December 13, 2024, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date. |