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

Role: SVP, Chief Information Officer
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.