4/A//SEC Filing
Perica Michael L. 4/A
Accession 0001635282-25-000096
CIK 0001635282other
Filed
Apr 7, 8:00 PM ET
Accepted
Apr 8, 8:45 PM ET
Size
16.5 KB
Accession
0001635282-25-000096
Insider Transaction Report
Form 4/AAmended
Perica Michael L.
EVP & Chief Financial Officer
Transactions
- Sale
Common Stock
2025-04-03$3.19/sh−7,254$23,108→ 176,171 total - Exercise/Conversion
Common Stock
2025-04-03+51,229→ 227,400 total - Exercise/Conversion
Performance Units
2025-04-03−51,229→ 51,232 total→ Common Stock (51,229 underlying) - Exercise/Conversion
Common Stock
2025-04-03+16,963→ 183,425 total - Sale
Common Stock
2025-04-03$3.19/sh−21,895$69,749→ 205,505 total - Exercise/Conversion
Restricted Stock Units
2025-04-03−16,963→ 16,964 total→ Common Stock (16,963 underlying)
Footnotes (8)
- [F1]The Reporting Person is amending his Form 4 filed April 7, 2024, to add automatic "sell-to-cover" transactions related to the payment of withholding tax obligations pursuant to the Issuer's policy for tax withholdings associated with Restricted Stock Unit and Performance Unit vesting events. The sales occurred over a three-day period (April 3, 6 and 7, 2025) and were processed by the Company's stock plan administrator. The Reporting Person did not initiate the sales and had no control over the timing of the sales. The sales were not reported by the Company's stock plan administrator to the Reporting Person until April 8, 2025.
- [F2]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. The Reporting Person did not initiate the sale.
- [F3]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 Performance Unit vesting events. The Reporting Person did not initiate the sale.
- [F4]Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F5]On April 3, 2023, the Reporting Person was granted 50,890 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.
- [F6]Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F7]Represents one-third of the total 153,689 "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).
- [F8]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 0001824290
Filing Metadata
- Form type
- 4/A
- Filed
- Apr 7, 8:00 PM ET
- Accepted
- Apr 8, 8:45 PM ET
- Size
- 16.5 KB