Form 4 for RMNI Rimini Street, Inc.
Accepted 2024-03-05 00:00:00 ET · period of report 2024-03-03 · accession 0001635282-24-000054 · 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 | 2024-03-05 | 2024-03-03 | RMNI | Ravin Seth A. | Pres, CEO, COB, Dir, 10% | M - OptEx | $0.00 | +6,666 | 241.8K | +3% | $0 |
| D | 2024-03-05 | 2024-03-05 | RMNI | Ravin Seth A. | Pres, CEO, COB, Dir, 10% | S - Sale+OE | $2.85 | -2,205 | 239.6K | -0.9% | -$6,284 |
| D | 2024-03-05 | 2024-03-03 | RMNI | Ravin Seth A. | Pres, CEO, COB, Dir, 10% | M - OptEx | $0.00 | -6,666 | 13.3K | -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 | 2024-03-03 | M | A | 6,666 | $0.00 | 241,788 | D | — | — | |
| 2 | Common | Common Stock | 2024-03-05 | S | D | 2,205 | $2.85 | 239,583 | 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 Units | 2024-03-03 | M | D | 6,666 | $0.00 | 13,334 | D | — · — to — | 6,666 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 March 3, 2023 the Reporting Person was granted 20,000 Restricted Stock Units, one-third of which vested on March 3, 2024. The remaining two-thirds vest ratably on March 3, 2025 and March 3, 2026, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date. |