Robert Will - Mar 17, 2023 Form 4 Insider Report for JOANN Inc. (JOAN)

Role: EVP, Chief Merchandising
Signature: /s/ Ann Aber, Attorney-in-Fact
Stock symbol: JOAN
Transactions as of: Mar 17, 2023
Transactions value $: -$2,635
Form type: 4
Date filed: 3/21/2023, 05:57 PM
Previous filing: Feb 28, 2023
Next filing: Jun 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JOAN	Common Stock	Options Exercise	$0	+3.3K	+2.96%	$0.00	115K	Mar 17, 2023	Direct
transaction	JOAN	Common Stock	Sale	-$2.63K	-1.28K	-1.12%	$2.06	113K	Mar 21, 2023	Direct	F1

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	-3.3K	-49.99%	$0.00	3.3K	Mar 17, 2023	Common Stock	3.3K		Direct	F2, F3

* 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	Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F3	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.