Grady Sebastian 4
4 · Rimini Street, Inc. · Filed May 11, 2022
Insider Transaction Report
Form 4
Grady Sebastian
President
Transactions
- Sale
Common Stock
2022-05-09$5.73/sh−3,040$17,412→ 129,371 total - Exercise/Conversion
Common Stock
2022-05-07+8,334→ 132,411 total - Exercise/Conversion
Restricted Stock Unit
2022-05-07−8,334→ 0 total→ Common Stock (8,334 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 May 7, 2019, the Reporting Person was granted 25,000 Restricted Stock Units, which Restricted Stock Units vested ratably in one-third increments on each of May 7, 2020, May 7, 2021 and May 7, 2022, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date.