Anne J. Smith - 07 Apr 2023 Form 4 Insider Report for HOOKER FURNISHINGS Corp (HOFT)

Role: Chief Administrative Officer
Signature: /s/ Yumin Yang Attorney in Fact for Anne J. Smith
Issuer symbol: HOFT
Transactions as of: 07 Apr 2023
Net transactions value: -$15,397
Form type: 4
Filing time: 11 Apr 2023, 13:24:53 UTC
Previous filing: 04 Oct 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	+19%		14,985	07 Apr 2023	Direct	F1
transaction	HOFT	Common Stock	Tax liability	$15,397	-840	-5.6%	$18.33	14,145	07 Apr 2023	Direct

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	+2,114		$0.000000	2,114	10 Apr 2023	Common Stock	2,114		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, F4

* 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	On April 7, 2020, the reporting person was granted 2,371 restricted stock units, vesting 100% on April 7, 2020 as the reporting person remained continuously employed with the issuer through that date.