John Michel - 11 Nov 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
11 Nov 2022
Net transactions value
$0
Form type
4
Filing time
15 Nov 2022, 16:17:30 UTC
Previous filing
26 May 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 +7,740 +19% $0.000000 47,740 11 Nov 2022 Direct F1, F2
holding HMST Common Stock 20,795 11 Nov 2022 J Michel and R Michel TTEE, The Michel Family Tr U/A DTD 6/14/18 F3, F4

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 -7,740 -100% $0.000000* 0 11 Nov 2022 Common Stock 7,740 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 Excludes 1,807 shares transferred to the J. Michel and R. Michel TTEE, The Michel Family Tr U/A DTD 6/14/18 subsequent to the prior Form 4 filed for this reporting person.
F3 Includes 1,807 shares which were held directly and transferred to the J. Michel and R. Michel TTEE, The Michel Family Tr U/A DTD 6/14/18 subsequent to the prior Form 4 filed for this reporting person.
F4 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.
F5 On May 11, 2020, the reporting person was granted 23,220 RSUs, which vest incrementally in equal amounts on November 11, 2020, November 11, 2021, and November 11, 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.