Donna D. Meade - 05 Feb 2024 Form 4 Insider Report for HNI CORP (HNI)

Signature
/s/ Steven M. Bradford, By Power or Attorney
Issuer symbol
HNI
Transactions as of
05 Feb 2024
Net transactions value
+$5,426
Form type
4
Filing time
06 Feb 2024, 14:18:55 UTC
Previous filing
05 Feb 2024
Next filing
16 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNI Common Stock Options Exercise $5,426 +156 +0.53% $34.78 29,411 05 Feb 2024 Direct F1
holding HNI Common Stock 1,415 05 Feb 2024 Profiit-Sharing Retirement Plan

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 -156 -100% $0.000000* 0 05 Feb 2024 Common Stock 156 $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 This is an exercise and hold transaction. This transaction is the second in a two step transaction initiated on February 2,2024, under a 10b5-1 plan where options were exercised and shares sold to cover taxes and expenses.