Scott Sekella - Jun 27, 2023 Form 4 Insider Report for JOANN Inc. (JOAN)

Role
EVP, Chief Financial Officer, Also a member of the Interim Office of the Chief Executive Officer.
Signature
/s/ Ann Aber, attorney-in-fact
Stock symbol
JOAN
Transactions as of
Jun 27, 2023
Transactions value $
$0
Form type
4
Date filed
6/28/2023, 05:00 PM
Previous filing
Apr 18, 2023
Next filing
Sep 8, 2023

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 +259K $0.00 259K Jun 27, 2023 Common Stock 259K $3.48 Direct F1, F2
transaction JOAN Employee Stock Option (right to buy) Award $0 +64.1K $0.00 64.1K Jun 27, 2023 Common Stock 64.1K $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 258,622 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.

Remarks:

Also a member of the Interim Office of the Chief Executive Officer.