Form 4 for RMNI Rimini Street, Inc.
Accepted 2023-06-06 00:00:00 ET · period of report 2023-06-03 · accession 0001635282-23-000140 · 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 | 2023-06-06 | 2023-06-04 | RMNI | Ravin Seth A. | Pres, CEO, COB, Dir, 10% | S - Sale+OE | $4.28 | -21.2K | 211.3K | -9% | -$90.9K |
| D | 2023-06-06 | 2023-06-03 | RMNI | Ravin Seth A. | Pres, CEO, COB, Dir, 10% | M - OptEx | $0.00 | +77.4K | 232.5K | +50% | $0 |
| D | 2023-06-06 | 2023-06-03 | RMNI | Ravin Seth A. | Pres, CEO, COB, Dir, 10% | M - OptEx | $0.00 | -77.4K | 0 | -100% | $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 | 2023-06-04 | S | D | 21,234 | $4.28 | 211,270 | 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 | 2023-06-03 | M | A | 77,356 | $0.00 | 232,504 | D | — | — | |
| 3 | Derivative | Restricted Stock Unit | 2023-06-03 | M | D | 77,356 | $0.00 | 0 | D | — · — to — | 77,356 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, which Restricted Stock Units vested ratably in one-third increments on each of June 3, 2021, June 3, 2022 and June 3, 2023, subject to the Reporting Person's continued service as an employee of the Issuer and/or a member of the Issuer's Board of Directors through the applicable vesting date. |