Form 4 for RMNI Rimini Street, Inc.
Accepted 2024-04-05 00:00:00 ET · period of report 2024-03-07 · accession 0001635282-24-000069 · 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 | Rowe David W. | EVP, Glob.Transform, CPO | M - OptEx | $0.00 | +27.1K | 381.5K | +8% | $0 |
| DM | 2024-04-05 | 2024-03-07 | RMNI | Rowe David W. | EVP, Glob.Transform, CPO | A - Grant | $0.00 | +2,000 | 1,000 | New | $0 |
| DM | 2024-04-05 | 2024-04-03 | RMNI | Rowe David W. | EVP, Glob.Transform, CPO | M - OptEx | $0.00 | -27.1K | 13.3K | -67% | $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 | 6,666 | $0.00 | 376,374 | D | — | — | |
| 2 | Common | Common Stock | 2024-04-03 | M | A | 15,367 | $0.00 | 396,829 | D | — | — | |
| 3 | Common | Common Stock | 2024-04-03 | M | A | 5,088 | $0.00 | 381,462 | D | — | — | |
| 4 | Derivative | Restricted Stock Units | 2024-03-07 | A | A | 1,000 | $0.00 | 1,000 | D | — · — to — | 1,000 Common Stock | (F2) Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. (F3) The Restricted Stock Units will vest in three (3) equal annual installments on March 7, 2025, March 7, 2026 and March 7, 2027, 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. |
| 5 | Derivative | Performance Units | 2024-04-03 | M | D | 15,367 | $0.00 | 30,739 | D | — · — to — | 15,367 Common Stock | (F7) 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). (F6) Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. (F8) 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. |
| 6 | Derivative | Restricted Stock Units | 2024-04-03 | M | D | 5,088 | $0.00 | 10,179 | D | — · — to — | 5,088 Common Stock | (F2) Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. (F5) 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. |
| 7 | Derivative | Restricted Stock Units | 2024-04-03 | 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. (F4) On April 3, 2023 the Reporting Person was granted 20,000 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. |
| 8 | Derivative | Employee Stock Options (Right to Buy) | 2024-03-07 | A | A | 1,000 | $0.00 | 1,000 | D | $3.04 · — to 2024-03-07 | 1,000 Common Stock | (F1) The stock option award will vest in three (3) equal annual installments on March 7, 2025, March 7, 2026 and March 7, 2027, 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. |