Kurt A. Tjaden - Jan 14, 2022 Form 4 Insider Report for HNI CORP (HNI)

Signature
/s/ Steven M. Bradford; by Power of Attorney
Stock symbol
HNI
Transactions as of
Jan 14, 2022
Transactions value $
-$473,553
Form type
4
Date filed
1/19/2022, 08:34 AM
Previous filing
Feb 15, 2022
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNI Common Stock Options Exercise $1.57M +49K +65.41% $32.03 124K Jan 14, 2022 Direct F1
transaction HNI Common Stock Sale -$2.04M -49K -39.53% $41.69 75K Jan 14, 2022 Direct F2, F3
holding HNI Common Stock 1.96K Jan 14, 2022 Profit-Sharing Retirement Plan F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HNI Non-qualifying employee stock options (right to buy) Options Exercise $0 -49K -100% $0.00* 0 Jan 14, 2022 Common Stock 49K $32.03 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale was effected pursuant to a Rule 10b5-1 trading plan, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and HNI's policies regarding stock transactions, including its insider trading policy.
F2 The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.50 - $42.03, inclusive. The reporting person undertakes to provide HNI Corporation, any security holder of HNI Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
F3 The total in column 5 includes 42.935 shares acquired under HNI Corporation Member's Stock Purchase Plan.
F4 The total in column 5 includes 214.8 shares acquired under the HNI Corporation Profit-Sharing Retirement Plan.