Meridee Moore - May 31, 2022 Form 4 Insider Report for RAYONIER INC (RYN)

Role: Director
Signature: /s/ Sarah M. Wesberry / Attorney-In-Fact
Stock symbol: RYN
Transactions as of: May 31, 2022
Transactions value $: $495,149
Form type: 4
Date filed: 6/1/2022, 03:01 PM
Previous filing: May 23, 2022
Next filing: May 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RYN	Common Shares	Purchase	$495K	+12K	+18.46%	$41.26	77K	May 31, 2022	By Watershed Equity Partners, LP	F1, F2
holding	RYN	Common Shares						6.44K	May 31, 2022	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $40.89 to $41.50, inclusive. The reporting person undertakes to provide to Rayonier Inc., any security holder of Rayonier Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the range set forth in footnote (1) to this Form 4.
F2	Watershed Equity Partners, LP is controlled by the reporting person.

Content

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $40.89 to $41.50, inclusive. The reporting person undertakes to provide to Rayonier Inc., any security holder of Rayonier Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the range set forth in footnote (1) to this Form 4.

Watershed Equity Partners, LP is controlled by the reporting person.