Brossard Gerard 4
4 · Rimini Street, Inc. · Filed Jun 7, 2022
Insider Transaction Report
Form 4
Brossard Gerard
EVP & Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2022-06-03+66,666→ 148,744 total - Exercise/Conversion
Restricted Stock Unit
2022-06-03−66,666→ 66,668 total→ Common Stock (66,666 underlying) - Sale
Common Stock
2022-06-03$6.62/sh−23,696$156,796→ 125,048 total
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 June 3, 2020, the Reporting Person was granted 200,000 Restricted Stock Units, one-third of which vested on June 3, 2021 and one-third of which vested on June 3, 2022. The remaining one-third will vest on June 3, 2023, subject to the Reporting Person's continued service as an employee of the Issuer through the vesting date.