Grady Sebastian 4
4 · Rimini Street, Inc. · Filed Aug 8, 2022
Insider Transaction Report
Form 4
Grady Sebastian
President
Transactions
- Exercise/Conversion
Restricted Stock Unit
2022-08-04−16,666→ 16,668 total→ Common Stock (16,666 underlying) - Sale
Common Stock
2022-08-04$5.83/sh−6,266$36,506→ 139,771 total - Exercise/Conversion
Common Stock
2022-08-04+16,666→ 146,037 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 August 4, 2020, the Reporting Person was granted 50,000 Restricted Stock Units, one-third of which vested on August 4, 2021 and one-third of which vested on August 4, 2022. The remaining one-third will vest on August 4, 2023, subject to the Reporting Person's continued service as an employee of the Issuer through the vesting date.