Form 4: Rimini Street Director Jay G. Snyder Reports Stock Transactions

Director Jay G. Snyder reports the vesting and disposal of restricted stock units and acquisition of new units in Rimini Street, Inc.

Summary

• On June 5, 2024, Director Jay G. Snyder vested and disposed of 40,178 shares of Rimini Street common stock related to restricted stock units.
• These restricted stock units vested on June 5, 2024, which was the day before the Issuer's 2024 Annual Meeting of Stockholders.
• Following the transaction, Snyder beneficially owns 160,683 shares of common stock.
• On June 6, 2024, Snyder acquired 65,335 restricted stock units.
• These new restricted stock units will vest on the earlier of June 6, 2025, or the day before the Issuer's 2025 Annual Meeting of Stockholders, contingent upon continued service as a director.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company director, indicating a neutral sentiment.

Future Outlook

The newly acquired restricted stock units will vest on the earlier of June 6, 2025, or the day before the Issuer's 2025 Annual Meeting of Stockholders, contingent upon the Reporting Person's continued service as a member of the Issuer's Board of Directors through such date.

Industry Context

Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their transactions in the company's stock. This filing indicates routine compensation and alignment of interests between the director and shareholders.

Stakeholder Impact

• The vesting and disposal of shares by a director can be viewed by stakeholders as a signal of the director's confidence in the company.
• The acquisition of new restricted stock units aligns the director's interests with those of the shareholders, as the units vest based on continued service.

Key Dates