Mark K. Mason - 01 Jan 2022 Form 4 Insider Report for HomeStreet, Inc. (HMST)

Role: CEO, President, Director
Signature: /s/ Godfrey B. Evans, attorney in fact for Mark K. Mason
Issuer symbol: HMST
Transactions as of: 01 Jan 2022
Net transactions value: -$56,940
Form type: 4
Filing time: 04 Jan 2022, 17:37:11 UTC
Next filing: 28 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HMST	Common Stock	Options Exercise	$0	+3,865	+2.4%	$0.000000	162,383	01 Jan 2022	Direct	F1
transaction	HMST	Common Stock	Tax liability	$56,940	-1,095	-0.67%	$52.00	161,288	01 Jan 2022	Direct	F2
holding	HMST	Common Stock						300	01 Jan 2022	Courtney Mason, Mr. Mason's spouse	F3

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	HMST	Restricted Stock Units	Award	$0	+7,710		$0.000000	7,710	01 Jan 2022	Common Stock	7,710		Direct	F1, F4
transaction	HMST	Restricted Stock Units	Options Exercise	$0	-3,865	-33%	$0.000000	7,730	01 Jan 2022	Common Stock	3,865		Direct	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of HomeStreet common stock. RSUs do not require the holder to pay any consideration on vesting.
F2	Shares withheld by HomeStreet in payment of the withholding tax liability incurred upon the above-reported settlement of RSUs.
F3	These shares are owned by the reporting person's spouse. Mr. Mason disclaims beneficial ownership of these shares except to the extent of any pecuniary interest he may have therein.
F4	On January 1, 2022, the reporting person was granted 7,710 RSUs, which vest incrementally in equal amounts on January 1, 2023, January 1, 2024, and January 1, 2025, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.
F5	On January 1, 2021, the reporting person was granted 11,595 RSUs, which vest incrementally in equal amounts on January 1, 2022, January 1, 2023, and January 1, 2024, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.