Brossard Gerard 4
4 · Rimini Street, Inc. · Filed Nov 24, 2021
Insider Transaction Report
Form 4
Brossard Gerard
EVP & Chief Operating Officer
Transactions
- Sale
Common Stock
2021-11-20$6.83/sh−28,200$192,558→ 82,078 total - Exercise/Conversion
Common Stock
2021-11-22+66,666→ 110,278 total - Exercise/Conversion
Restricted Stock Unit
2021-11-20−66,666→ 133,334 total→ Common Stock (66,666 underlying)
Footnotes (3)
- [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.
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F3]On November 20, 2020, the Reporting Person was granted 200,000 Restricted Stock Units, one-third of which vested ratably on Saturday, November 20, 2021 (with a deemed transaction date of Monday, November 22, 2021). The remaining two-thirds vest ratably on November 20, 2022 and November 20, 2023, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date.