Brian S. Smith - Oct 15, 2024 Form 4 Insider Report for HNI CORP (HNI)

Signature
/s/ Steven M. Bradford as attorney-in-fact for Brian S. Smith
Stock symbol
HNI
Transactions as of
Oct 15, 2024
Transactions value $
-$5,619
Form type
4
Date filed
10/17/2024, 04:18 PM
Previous filing
Oct 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNI Common Stock Options Exercise $118K +2.28K +19.19% $51.54 14.2K Oct 15, 2024 Direct
transaction HNI Common Stock Sale -$123K -2.28K -16.1% $54.00 11.9K Oct 15, 2024 Direct F1
holding HNI Common Stock 1.49K Oct 15, 2024 Profit-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 -2.28K -100% $0.00 0 Oct 15, 2024 Common Stock 2.28K $51.54 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 transaction reported in this Form 4 was effectuated pursuant to a Rule 10b5-1 plan adopted on May 4, 2024.