TIMOTHY J. WOLFE - 30 Jun 2022 Form 4 Insider Report for KIMBALL INTERNATIONAL INC

Role: EVP & CFO
Signature: James Krodel, Attorney-in-Fact and Agent
Issuer symbol: N/A
Transactions as of: 30 Jun 2022
Net transactions value: -$30,294
Form type: 4
Filing time: 05 Jul 2022, 20:09:19 UTC
Previous filing: 17 Feb 2022
Next filing: 08 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KBAL	CLASS B COMMON STOCK	Options Exercise	$0	+12,256	+24%	$0.000000	63,825	30 Jun 2022	Direct
transaction	KBAL	CLASS B COMMON STOCK	Award	$0	+1,006	+1.6%	$0.000000	64,831	30 Jun 2022	Direct	F1
transaction	KBAL	CLASS B COMMON STOCK	Tax liability	$30,294	-3,994	-6.2%	$7.58	60,837	30 Jun 2022	Direct	F2

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	KBAL	RESTRICTED STOCK UNITS	Options Exercise	$0	-12,256	-100%	$0.000000^*	0	30 Jun 2022	CLASS B COMMON STOCK	12,256		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	Represents shares of Class B Common Stock acquired pursuant to the Restricted Stock Unit Award Agreement between the reporting person and Kimball International Inc. (the "Company"), determined by dividing the accumulated phantom cash dividends credited to the restricted stock units by the closing sales price of one share of Class B Common Stock on the vest date.
F2	Represents shares withheld by the Company to satisfy tax withholding obligations on the vesting of the restricted stock units.
F3	The Restricted Stock Units convert on a one-for-one basis into shares of Class B Common Stock.
F4	Expiration of Restricted Stock Units is dependent upon the terms of the employment agreement if the reporting person ceases employment for any reason other than death, retirement or total permanent disability.