Robert Will - 17 Mar 2022 Form 4 Insider Report for JOANN Inc.

Role: EVP, Chief Merchandising
Signature: /s/ Ann Aber, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 17 Mar 2022
Net transactions value: -$12,529
Form type: 4
Filing time: 21 Mar 2022, 21:13:28 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	+3,298	+8.7%	$0.000000	41,387	17 Mar 2022	Direct
transaction	JOAN	Common Stock	Sale	$12,529	-1,049	-2.5%	$11.94^*	40,338	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	-3,298	-33%	$0.000000	6,597	17 Mar 2022	Common Stock	6,597		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 $12.35, 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 9,895 shares, vests and becomes exercisable in three equal annual installments beginning on March 17, 2022.