William Endresen - 28 Mar 2022 Form 4 Insider Report for HomeStreet, Inc. (HMST)

Role: EVP, Comm'l RE & Capital Pres.
Signature: /s/ Godfrey B. Evans, Attorney in fact for William Endresen
Issuer symbol: HMST
Transactions as of: 28 Mar 2022
Net transactions value: -$38,840
Form type: 4
Filing time: 30 Mar 2022, 18:58:09 UTC
Previous filing: 28 Jan 2022
Next filing: 04 Jan 2023
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	+993	+9%	$0.000000	12,055	28 Mar 2022	Direct	F1
transaction	HMST	Common Stock	Tax liability	$11,749	-242	-2%	$48.55	11,813	28 Mar 2022	Direct	F2
transaction	HMST	Common Stock	Options Exercise	$0	+1,461	+12%	$0.000000	13,274	28 Mar 2022	Direct	F1
transaction	HMST	Common Stock	Tax liability	$27,091	-558	-4.2%	$48.55	12,716	28 Mar 2022	Direct	F2
holding	HMST	Common Stock						538	28 Mar 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	Options Exercise	$0	-993	-100%	$0.000000^*	0	28 Mar 2022	Common Stock	993		Direct	F1, F4
transaction	HMST	Restricted Stock Units	Options Exercise	$0	-1,461	-50%	$0.000000	1,461	28 Mar 2022	Common Stock	1,461		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 March 28, 2022.
F4	On March 28, 2019, the reporting person was granted 2,979 RSUs, which vest incrementally in equal amounts on March 28, 2020, March 28, 2021, and March 28, 2022, 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 March 28, 2020, the reporting person was granted 4,383 RSUs, which vest incrementally in equal amounts on March 28, 2021, March 28, 2022, and March 28, 2023, 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.