Ann Aber - 17 Mar 2022 Form 4 Insider Report for JOANN Inc.

Role
SVP, Chief Legal Officer & Sec
Signature
/s/ Ann Aber
Issuer symbol
N/A
Transactions as of
17 Mar 2022
Net transactions value
-$9,638
Form type
4
Filing time
21 Mar 2022, 21:09:02 UTC
Previous filing
28 Feb 2022
Next filing
28 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JOAN Common Stock Options Exercise $0 +2,430 +15% $0.000000 18,387 17 Mar 2022 Direct
transaction JOAN Common Stock Sale $9,638 -806 -4.4% $11.96* 17,581 18 Mar 2022 Direct F1, 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 JOAN Restricted Stock Unit Options Exercise $0 -2,430 -33% $0.000000 4,861 17 Mar 2022 Common Stock 4,861 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to Rule 10b5-1 trading plan instructions adopted by the Reporting Person in the award agreement for the restricted stock units grant.
F2 This is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.91 to $12.55, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the disclosed price range.
F3 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F4 The restricted stock units, originally granted with respect to 7,291 shares, vests and becomes exercisable in three equal annual installments beginning on March 17, 2022.