John Michel - 26 May 2022 Form 4 Insider Report for HomeStreet, Inc. (HMST)

Role
EVP, Chief Financial Officer
Signature
/s/ Godfrey B. Evans, Attorney in fact for John Michel
Issuer symbol
HMST
Transactions as of
26 May 2022
Net transactions value
$0
Form type
4
Filing time
26 May 2022, 19:18:50 UTC
Previous filing
24 May 2022
Next filing
15 Nov 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 +1,807 +4.5% $0.000000 41,807 26 May 2022 Direct F1
holding HMST Common Stock 18,988 26 May 2022 J Michel and R Michel TTEE, The Michel Family Tr U/A DTD 6/14/18 F2

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 -1,807 -50% $0.000000 1,807 26 May 2022 Common Stock 1,807 Direct F1, F3
* 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 Mr. Michel and his spouse, Rosetta Michel, are the co-trustees and beneficiaries of the J Michel and R Michel TTEE, The Michel Family Tr U/A DTD 6/14/18, and share voting and investment power over the assets of the trust.
F3 On May 26, 2020, the reporting person was granted 5,421 RSUs, which vest incrementally in equal amounts on May 26, 2021, May 26, 2022, and May 26, 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.