4//SEC Filing
Ravin Seth A. 4
Accession 0001635282-25-000143
CIK 0001635282other
Filed
May 7, 8:00 PM ET
Accepted
May 8, 8:19 PM ET
Size
16.1 KB
Accession
0001635282-25-000143
Insider Transaction Report
Form 4
Ravin Seth A.
DirectorPresident, CEO & Chairman10% Owner
Transactions
- Exercise/Conversion
Common Stock
2025-05-06+97,164→ 694,486 total - Sale
Common Stock
2025-05-06$3.28/sh−19,502$64,060→ 678,538 total - Sale
Common Stock
2025-05-06$3.28/sh−41,790$137,272→ 652,696 total - Exercise/Conversion
Common Stock
2025-05-06+45,344→ 698,040 total - Exercise/Conversion
Restricted Stock Units
2025-05-06−97,164→ 194,333 total→ Common Stock (97,164 underlying) - Exercise/Conversion
Performance Units
2025-05-06−45,344→ 90,688 total→ Common Stock (45,344 underlying)
Holdings
- 10,491,309(indirect: By Trust)
Common Stock
Footnotes (7)
- [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. The Reporting Person did not initiate the sale.
- [F2]Represents one third of the total 136,032 "Earned Performance Units" (as previously reported by the Reporting Person on a Form 4 dated March 3, 2025) under the terms of the Issuer's 2013 Long-Term Incentive Plan based upon the Issuer's achievement against a target adjusted EBITDA goal for fiscal year 2024 and the Issuer's achievement of a target total revenue goal for fiscal year 2024, effective as of February 27, 2025 (the date the Issuer filed its Annual Report on Form 10-K for the year ended December 31, 2024).
- [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 May 6, 2024, the Reporting Person was granted 291,497 Restricted Stock Units, one-third of which vested on May 6, 2025. The remaining two-thirds vest ratably on May 6, 2026 and May 6, 2027, 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 applicable vesting date.
- [F6]Each Performance Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F7]One-third of the "Earned Performance Units" vested on May 6, 2025. The remaining two-thirds vest ratably on May 6, 2026 and May 6, 2027, 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 applicable vesting date.
Documents
Issuer
Rimini Street, Inc.
CIK 0001635282
Entity typeother
Related Parties
1- filerCIK 0001717716
Filing Metadata
- Form type
- 4
- Filed
- May 7, 8:00 PM ET
- Accepted
- May 8, 8:19 PM ET
- Size
- 16.1 KB