Richard Scott - Jul 13, 2021 Form 4 Insider Report for MILLERKNOLL, INC. (MLKN)

Signature
By: Jacqueline H. Rice For: Richard Scott
Stock symbol
MLKN
Transactions as of
Jul 13, 2021
Transactions value $
-$26,638
Form type
4
Date filed
11/18/2021, 05:37 PM
Next filing
Jan 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MLKN Common Stock Options Exercise $0 +647 +82% $0.00 1.44K Jul 16, 2021 Direct F1
transaction MLKN Common Stock Tax liability -$13.9K -330 -22.98% $42.05 1.11K Jul 16, 2021 Direct
transaction MLKN Common Stock Options Exercise $0 +610 +54.73% $0.00 1.72K Aug 1, 2021 Direct F1
transaction MLKN Common Stock Tax liability -$12.8K -294 -17.02% $43.49 1.43K Aug 1, 2021 Direct

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 MLKN Non-Qualified Stock Option (right to buy) Award $0 +5.87K $0.00 5.87K Jul 13, 2021 Common Stock 5.87K $45.75 Direct F2
transaction MLKN Restricted Stock Units Award $0 +1.84K +32.92% $0.00 7.44K Jul 13, 2021 Common Stock 1.84K Direct F3, F4
transaction MLKN Restricted Stock Units Options Exercise $0 -647 -8.7% $0.00 6.79K Jul 16, 2021 Common Stock 647 Direct F3, F5
transaction MLKN Restricted Stock Units Options Exercise $0 -610 -8.98% $0.00 6.18K Aug 1, 2021 Common Stock 610 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Number of Derivative Securities Beneficially Owned Following Reported Transaction reflected in Table I of this form includes dividend equivalent units reinvested in the corresponding vesting RSUs, which satisfies the exemption of Rule 16b-2.
F2 This grant vests in three equal annual installments beginning on the first anniversary of the grant date.
F3 Each restricted stock unit represents a contingent right to receive one share of MLHR common stock.
F4 The restricted stock units are subject to a three-year vest schedule, vesting 25% on 8/1/2022, 25% on 8/1/2023, and 50% 8/1/2024.
F5 The restricted stock units have a three year cliff vest.
F6 The restricted stock units are subject to a three-year vest schedule, vesting 25% on 8/1/2021, 25% on 8/1/2022, and 50% on 8/1/2023.