Donna D. Meade - Feb 2, 2024 Form 4 Insider Report for HNI CORP (HNI)

Signature
/s/ Steven M. Bradford, By Power or Attorney
Stock symbol
HNI
Transactions as of
Feb 2, 2024
Transactions value $
-$8,400
Form type
4
Date filed
2/5/2024, 03:59 PM
Previous filing
Feb 17, 2023
Next filing
Feb 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNI Common Stock Options Exercise $47.9K +1.38K +4.71% $34.78 30.6K Feb 2, 2024 Direct
transaction HNI Common Stock Sale -$56.3K -1.38K -4.5% $40.88 29.3K Feb 2, 2024 Direct F1, F2
holding HNI Common Stock 1.41K Feb 2, 2024 Profiit-Sharing Retirement Plan F3

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 option (right to buy) Options Exercise $0 -1.38K -89.82% $0.00 156 Feb 2, 2024 Common Stock 1.38K $34.78 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 dollar amount in column 4 is a result of multiple trades at the same price. 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 this price.
F3 The total is column 5 includes 154.273 shares acquired under the HNI Corporation Profit-Sharing Retirement Plan.