Paulette Lemon - Jan 1, 2022 Form 4 Insider Report for HomeStreet, Inc. (HMST)

Role: EVP - Retail Banking Director
Signature: /s/ Godfrey B. Evans, attorney in fact for Paulette Lemon
Stock symbol: HMST
Transactions as of: Jan 1, 2022
Transactions value $: -$7,384
Form type: 4
Date filed: 1/4/2022, 05:37 PM
Previous filing: Dec 7, 2021
Next filing: Jan 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HMST	Common Stock	Options Exercise	$0	+470	+4%	$0.00	12.2K	Jan 1, 2022	Direct	F1
transaction	HMST	Common Stock	Tax liability	-$7.38K	-142	-1.16%	$52.00	12.1K	Jan 1, 2022	Direct	F2
holding	HMST	Common Stock						2.4K	Jan 1, 2022	HomeStreet, Inc. 401(k) Savings Plan	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	+1.01K		$0.00	1.01K	Jan 1, 2022	Common Stock	1.01K		Direct	F1, F4
transaction	HMST	Restricted Stock Units	Options Exercise	$0	-470	-33.29%	$0.00	942	Jan 1, 2022	Common Stock	470		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	Participants in HomeStreet, Inc.'s 401(k) Savings Plan, or the "401(k) Plan", have the authority to direct voting of shares they hold through the 401(k) Plan. The amount of shares held in the 401(k) Plan is as of January 1, 2022.
F4	On January 1, 2022, the reporting person was granted 1,005 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 1,412 RSUs, of which 470 shares vest on January 1, 2022, and 471 shares vest on each of January 1, 2023 and January 1, 2024. 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.