Form 4 for RMNI Rimini Street, Inc.
Accepted 2025-05-08 00:00:00 ET · period of report 2025-05-06 · accession 0001635282-25-000141 · 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 | 2025-05-08 | 2025-05-06 | RMNI | Rowe David W. | CMO, CPO, EVPGlob.Transformation | S - Sale+OE | $3.28 | -7,620 | 421.6K | -2% | -$25.0K |
| DM | 2025-05-08 | 2025-05-06 | RMNI | Rowe David W. | CMO, CPO, EVPGlob.Transformation | M - OptEx | $0.00 | +20.7K | 426.2K | +5% | $0 |
| DM | 2025-05-08 | 2025-05-06 | RMNI | Rowe David W. | CMO, CPO, EVPGlob.Transformation | M - OptEx | $0.00 | -20.7K | 32.4K | -39% | $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 | 2025-05-06 | S | D | 1,669 | $3.28 | 424,492 | D | — | — | (F3) 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 Performance Unit vesting events. The Reporting Person did not initiate the sale. |
| 2 | Common | Common Stock | 2025-05-06 | S | D | 5,951 | $3.28 | 421,627 | 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. The Reporting Person did not initiate the sale. |
| 3 | Common | Common Stock | 2025-05-06 | M | A | 16,193 | $0.00 | 427,578 | D | — | — | |
| 4 | Common | Common Stock | 2025-05-06 | M | A | 4,534 | $0.00 | 426,161 | D | — | — | (F2) Represents one third of the total 13,602 "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated March 3, 2025) under the terms of the Issuer's 2013 Long-Term Incentive Plan based upon the Issuer's achievement against a target adjusted EBITDA goal for fiscal year 2024 and the Issuer's achievement of a target total revenue goal for fiscal year 2024, effective as of February 27, 2025 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2024). |
| 5 | Derivative | Performance Units | 2025-05-06 | M | D | 4,534 | $0.00 | 9,068 | D | — · — to — | 4,534 Common Stock | (F2) Represents one third of the total 13,602 "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated March 3, 2025) under the terms of the Issuer's 2013 Long-Term Incentive Plan based upon the Issuer's achievement against a target adjusted EBITDA goal for fiscal year 2024 and the Issuer's achievement of a target total revenue goal for fiscal year 2024, effective as of February 27, 2025 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2024). (F6) Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. (F7) One-third of the "Earned Performance Units" vested on May 6, 2025. The remaining two-thirds vest ratably on May 6, 2026 and May 6, 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. |
| 6 | Derivative | Restricted Stock Units | 2025-05-06 | M | D | 16,193 | $0.00 | 32,389 | D | — · — to — | 16,193 Common Stock | (F4) Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting. (F5) On May 6, 2024, the Reporting Person was granted 48,582 Restricted Stock Units, one-third of which vested on May 6, 2025. The remaining two-thirds vest ratably on May 6, 2026 and May 6, 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. |