Filing Details
- Accession Number:
- 0001635282-25-000147
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2025-05-08 20:26:47
- Reporting Period:
- 2025-05-06
- Filing Date:
- 2025-05-08
- Accepted Time:
- 2025-05-08 20:26:47
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1635282 | Rimini Street Inc. | RMNI | Services-Business Services, Nec (7389) | 364880301 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1824290 | L. Michael Perica | C/O 1700 S. Pavilion Center Drive Suite 330 Las Vegas NV 89135 | Evp & Chief Financial Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2025-05-06 | 53,980 | $0.00 | 259,485 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2025-05-06 | 22,124 | $3.29 | 237,361 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2025-05-06 | 15,115 | $0.00 | 252,476 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2025-05-06 | 6,195 | $3.29 | 246,281 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2025-05-06 | 53,980 | $0.00 | 53,980 | $0.00 |
| Common Stock | Performance Units | Disposition | 2025-05-06 | 15,115 | $0.00 | 15,115 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 107,963 | No | 4 | M | Direct | ||
| 30,229 | No | 4 | M | Direct |
Footnotes
- 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.
- Represents one third of the total 45,344 "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).
- 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.
- Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- On May 6, 2024, the Reporting Person was granted 161,943 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.
- Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- 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.
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