Mbugua Stanley 4
4 · Rimini Street, Inc. · Filed Feb 26, 2021
Insider Transaction Report
Form 4
Mbugua Stanley
GVP & Chief Accounting Officer
Transactions
- Sale
Common Stock
2021-02-25$7.66/sh−1,370$10,494→ 2,064 total - Exercise/Conversion
Common Stock
2021-02-25+3,333→ 3,434 total - Exercise/Conversion
Restricted Stock Unit
2021-02-25−3,333→ 6,667 total→ Common Stock (3,333 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- [F2]On February 25, 2020, the Reporting Person was granted 10,000 Restricted Stock Units, one-third of which vested on February 25, 2021. The remaining two-thirds vest ratably on February 25, 2022 and February 25, 2023, respectively, subject to the Reporting Person's continued service as an employee of the Issuer through each vesting date.
- [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 Restricted Stock Unit vesting events.