Grady Sebastian 4
4 · Rimini Street, Inc. · Filed Mar 4, 2022
Insider Transaction Report
Form 4
Grady Sebastian
President
Transactions
- Exercise/Conversion
Common Stock
2022-02-23+8,333→ 126,718 total - Sale
Common Stock
2022-02-23$4.36/sh−3,424$14,929→ 123,294 total - Exercise/Conversion
Common Stock
2022-02-23+1,329→ 124,623 total - Sale
Common Stock
2022-02-23$4.36/sh−546$2,381→ 124,077 total - Exercise/Conversion
Restricted Stock Unit
2022-02-23−8,333→ 16,667 total→ Common Stock (8,333 underlying) - Exercise/Conversion
Restricted Stock Unit
2022-02-23−1,329→ 0 total→ Common Stock (1,329 underlying)
Footnotes (4)
- [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]On February 23, 2021, the Reporting Person was granted 1,329 Restricted Stock Units, 100% of which vested on February 23, 2022.
- [F3]Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F4]On February 23, 2021, the Reporting Person was granted 25,000 Restricted Stock Units, one-third of which vested on February 23, 2022. The remaining two-thirds vest ratably on February 23, 2023 and February 23, 2024, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date.