Salaets Steven 4
4 · Rimini Street, Inc. · Filed Feb 7, 2023
Insider Transaction Report
Form 4
Salaets Steven
SVPGlblSecurity&Compliance/CIO
Transactions
- Exercise/Conversion
Common Stock
2023-02-03+11,666→ 160,501 total - Sale
Common Stock
2023-02-03$4.82/sh−3,062$14,747→ 157,439 total - Exercise/Conversion
Restricted Stock Units
2023-02-03−11,666→ 23,334 total→ Common Stock (11,666 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 February 3, 2022, the Reporting Person was granted 35,000 Restricted Stock Units, one-third of which vested on February 3, 2023. The remaining two-thirds vest ratably on February 3, 2024 and February 3, 2025, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable vesting date.