Rimini Street (RMNI) Form 4 Change in insider ownership

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

GPIAC, LLC

(Last) (First) (Middle)

4001 KENNETT PIKE

SUITE 302

(Street)

WILMINGTON DE 19807

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Rimini Street, Inc. [ RMNI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/11/2021		S(3)		559,672	D	$7.75	7,292,828	D
Common Stock	03/11/2021		S(3)		473,796	D	$7.75	6,819,032	I	See Footnotes(1)(2)
Common Stock	08/05/2021		S		332,185	D	$8.22	6,486,847	D
Common Stock	08/05/2021		S		281,215	D	$8.22	6,205,632	I	See Footnotes(1)(2)
Common Stock	08/24/2021		S		81,232	D	$9.02	6,124,400	D
Common Stock	08/24/2021		S		68,768	D	$9.02	6,055,632	I	See Footnotes(1)(2)
Common Stock	08/27/2021		S		81,232	D	$9.33	5,974,400	D
Common Stock	08/27/2021		S		68,768	D	$9.33	5,905,632	I	See Footnotes(1)(2)
Common Stock	09/08/2021		S		1,137,249	D	$9.92	4,768,383	D
Common Stock	09/08/2021		S		962,751	D	$9.92	3,805,632	I	See Footnotes(1)(2)
Common Stock	09/10/2021		S		541,547	D	$9.75	3,264,085	D
Common Stock	09/10/2021		S		458,453	D	$9.75	2,805,632	I	See Footnotes(1)(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These securities are held by RMNI InvestCo, LLC, an affiliate of the Reporting Person.

2. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

3. Due to certain prior purchases of warrants in respect of the Issuer's common stock by GP Cash Management Ltd., an affiliate of the Reporting Person, the Reporting Person has indicated to the Issuer that it will disgorge any recoverable profits to the Issuer.

	/s/ Antonio Bonchristiano, Officer	09/14/2021
	/s/ Rodrigo Boscolo, Officer	09/14/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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