Robert Will - 27 Jun 2023 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
27 Jun 2023
Net transactions value
$0
Form type
4
Filing time
28 Jun 2023, 17:00:33 UTC
Previous filing
21 Mar 2023
SEC
View on sec.gov

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 Employee Stock Option (right to buy) Award $0 +426,723 $0.000000 426,723 27 Jun 2023 Common Stock 426,723 $3.48 Direct F1, F2
transaction JOAN Employee Stock Option (right to buy) Award $0 +64,102 $0.000000 64,102 27 Jun 2023 Common Stock 64,102 $1.56 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option award was approved by the Compensation Committee of the Issuer Board of Directors on February 27, 2023, subject to stockholder approval of both the equity plan document under which the stock option award was granted and the contingent stock option grant itself. The Issuer stockholders approved both the equity plan document and the contingent stock option grant on June 27, 2023.
F2 The stock option, originally granted with respect to 426,723 shares, vests and becomes exercisable in four equal annual installments beginning on February 27, 2024.
F3 The stock option award was approved by the Compensation Committee of the Issuer Board of Directors on April 17, 2023, subject to stockholder approval of both the equity plan document under which the stock option award was granted and the contingent stock option grant itself. The Issuer stockholders approved both the equity plan document and the contingent stock option grant on June 27, 2023.
F4 The stock option, originally granted with respect to 64,102 shares, vests and becomes exercisable on February 3, 2024.