4//SEC Filing
Ravin Seth A. 4
Accession 0001635282-25-000094
CIK 0001635282other
Filed
Apr 6, 8:00 PM ET
Accepted
Apr 7, 9:49 PM ET
Size
11.8 KB
Accession
0001635282-25-000094
Insider Transaction Report
Form 4
Ravin Seth A.
DirectorPresident, CEO & Chairman10% Owner
Transactions
- Exercise/Conversion
Common Stock
2025-04-03+192,109→ 717,710 total - Exercise/Conversion
Common Stock
2025-04-03+76,335→ 525,601 total - Exercise/Conversion
Restricted Stock Units
2025-04-03−76,335→ 76,338 total→ Common Stock (76,335 underlying) - Exercise/Conversion
Performance Units
2025-04-03−192,109→ 192,117 total→ Common Stock (192,109 underlying)
Footnotes (5)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F2]On April 3, 2023, the Reporting Person was granted 229,007 Restricted Stock Units, one-third of which vested on April 3, 2024 and one-third of which vested on April 3, 2025. The remaining one-third will vest on April 3, 2026, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the vesting date.
- [F3]Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F4]Represents one-third of the total 576,335 "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated March 1, 2024) under the terms of the Issuer's 2023 Long-Term Incentive Plan based upon the Issuer's achievement against a target adjusted EBITDA goal for fiscal year 2023 and the Issuer's achievement of a target total revenue goal for fiscal year 2023, effective as of February 28, 2024 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2023).
- [F5]One-third of the "Earned Performance Units" vested on April 3, 2024, and one-third of the "Earned Performance Units" vested on April 3, 2025. The remaining one-third will vest on April 3, 2026, generally subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2013 Equity Incentive Plan) through the vesting date.
Documents
Issuer
Rimini Street, Inc.
CIK 0001635282
Entity typeother
Related Parties
1- filerCIK 0001717716
Filing Metadata
- Form type
- 4
- Filed
- Apr 6, 8:00 PM ET
- Accepted
- Apr 7, 9:49 PM ET
- Size
- 11.8 KB