Brossard Gerard 4
4 · Rimini Street, Inc. · Filed Jun 4, 2021
Insider Transaction Report
Form 4
Brossard Gerard
EVP & Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2021-06-03+66,666→ 66,666 total - Exercise/Conversion
Restricted Stock Unit
2021-06-03−66,666→ 133,334 total→ Common Stock (66,666 underlying) - Sale
Common Stock
2021-06-03$6.40/sh−23,054$147,546→ 43,612 total
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 June 3, 2020, the Reporting Person was granted 200,000 Restricted Stock Units, one-third of which vested ratably on June 3, 2021. The remaining two-thirds vest ratably on June 3, 2022 and June 3, 2023, respectively, subject to the Reporting Person's continued service as an employee of the Issuer through the applicable 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.