Paul A. Huckfeldt - 07 Apr 2023 Form 4 Insider Report for HOOKER FURNISHINGS Corp (HOFT)

Role: Chief Financial Officer
Signature: /s/ Yumin Yang Attorney in Fact for Paul A. Huckfeldt
Issuer symbol: HOFT
Transactions as of: 07 Apr 2023
Net transactions value: -$15,397
Form type: 4
Filing time: 11 Apr 2023, 13:21:22 UTC
Previous filing: 23 Sep 2022
Next filing: 10 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HOFT	Common Stock	Options Exercise		+2,371	+9.5%		27,355	07 Apr 2023	Direct	F1
transaction	HOFT	Common Stock	Tax liability	$15,397	-840	-3.1%	$18.33	26,515	07 Apr 2023	Direct
holding	HOFT	Common Stock						2,317	07 Apr 2023	By 401k	F4

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	HOFT	Restricted Stock Unit (RSU)	Award	$0	+2,403		$0.000000	2,403	10 Apr 2023	Common Stock	2,403		Direct	F1, F2, F3
transaction	HOFT	Restricted Stock Unit (RSU)	Options Exercise	$0	-2,371	-100%	$0.000000^*	0	07 Apr 2023	Common Stock	2,371		Direct	F1, F3, F5

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

Explanation of Responses:

Id	Content
F1	Each RSU represents a contingent right to receive one share of HOFT common stock.
F2	The RSUs will vest 100% if the reporting person remains continuously employed with the issuer through April 10, 2026 and will be paid as soon as administratively practical thereafter.
F3	At the direction of the issuer's Compensation Committee, the RSUs may be paid in shares of HOFT common stock, cash (based on the fair market value of a share of HOFT common stock on the date payment is made) or both.
F4	Includes 112 additional shares acquired since the date of the reporting person's last report through a dividend reinvestment feature.
F5	On April 7, 2020 the reporting person was granted 2,371 restricted stock units, vesting 100% on April 7, 2023 as the reporting person remained continuously employed with the issuer through that date.