Varadheesh Chennakrishnan - Mar 17, 2022 Form 4 Insider Report for JOANN Inc. (JOAN)

Signature
/s/ Ann Aber, Attorney-in-Fact
Stock symbol
JOAN
Transactions as of
Mar 17, 2022
Transactions value $
-$10,821
Form type
4
Date filed
3/21/2022, 09:14 PM
Previous filing
Feb 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JOAN Common Stock Options Exercise $0 +2.87K +11.69% $0.00 27.5K Mar 17, 2022 Direct
transaction JOAN Common Stock Sale -$10.8K -906 -3.3% $11.94* 26.6K Mar 18, 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 -2.87K -33.32% $0.00 5.75K Mar 17, 2022 Common Stock 5.75K 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 8,625 shares, vests and becomes exercisable in three equal annual installments beginning on March 17, 2022.