Form 4 for RMNI Rimini Street, Inc.
Accepted 2024-04-05 00:00:00 ET · period of report 2024-04-03 · accession 0001635282-24-000066 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-04-05 | 2024-04-03 | RMNI | Maddock Kevin | EVP, ChiefRecurringRev.Off | M - OptEx | $0.00 | +20.5K | 115.4K | +22% | $0 |
| DM | 2024-04-05 | 2024-04-03 | RMNI | Maddock Kevin | EVP, ChiefRecurringRev.Off | M - OptEx | $0.00 | -20.5K | 30.7K | -40% | $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 | 2024-04-03 | M | A | 5,088 | $0.00 | 100,074 | D | — | — | |
| 2 | Common | Common Stock | 2024-04-03 | M | A | 15,367 | $0.00 | 115,441 | D | — | — | |
| 3 | Derivative | Restricted Stock Units | 2024-04-03 | M | D | 5,088 | $0.00 | 10,179 | D | — · — to — | 5,088 Common Stock | (F1) Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. (F2) On April 3, 2023 the Reporting Person was granted 15,267 Restricted Stock Units, one-third of which vested on April 3, 2024. The remaining two-thirds vest ratably on April 3, 2025 and April 3, 2026, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the applicable vesting date. |
| 4 | Derivative | Performance Units | 2024-04-03 | M | D | 15,367 | $0.00 | 30,739 | D | — · — to — | 15,367 Common Stock | (F4) Represents "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated February 28, 2024) under the terms of the Issuer's 2023 Long-Term Incentive Plan based upon the Issuer's achievement against a target adjusted EBITDA goal for fiscal year 2023 and the Issuer's achievement of a target total revenue goal for fiscal year 2023, effective as of February 28, 2024 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2023). (F3) Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. (F5) One-third of the "Earned Performance Units" vested on April 3, 2024. The remaining two-thirds vest ratably on April 3, 2025 and April 3, 2026, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the applicable vesting date. |