4/A//SEC Filing
Ravin Seth A. 4/A
Accession 0001635282-25-000098
CIK 0001635282other
Filed
Apr 7, 8:00 PM ET
Accepted
Apr 8, 9:02 PM ET
Size
17.2 KB
Accession
0001635282-25-000098
Insider Transaction Report
Form 4/AAmended
Ravin Seth A.
DirectorPresident, CEO & Chairman10% Owner
Transactions
- Exercise/Conversion
Restricted Stock Units
2025-04-03−76,335→ 76,338 total→ Common Stock (76,335 underlying) - Exercise/Conversion
Common Stock
2025-04-03+76,335→ 525,601 total - Sale
Common Stock
2025-04-03$3.19/sh−34,237$109,065→ 491,364 total - Exercise/Conversion
Common Stock
2025-04-03+192,109→ 683,473 total - Exercise/Conversion
Performance Units
2025-04-03−192,109→ 192,117 total→ Common Stock (192,109 underlying) - Sale
Common Stock
2025-04-03$3.19/sh−86,151$274,443→ 597,322 total
Holdings
- 10,491,309(indirect: By Trust)
Common Stock
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 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.
- [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 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).
- [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 0001717716
Filing Metadata
- Form type
- 4/A
- Filed
- Apr 7, 8:00 PM ET
- Accepted
- Apr 8, 9:02 PM ET
- Size
- 17.2 KB