John Michel - Jan 1, 2023 Form 4 Insider Report for HomeStreet, Inc. (HMST)

Role
EVP, Chief Financial Officer
Signature
/s/ Godfrey B. Evans, Attorney in fact for John Michel
Stock symbol
HMST
Transactions as of
Jan 1, 2023
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 07:06 PM
Previous filing
Nov 15, 2022
Next filing
May 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HMST Common Stock Options Exercise $0 +1.3K +3.26% $0.00 41.3K Jan 1, 2023 Direct F1, F2
transaction HMST Common Stock Options Exercise $0 +882 +2.14% $0.00 42.2K Jan 1, 2023 Direct F1, F2
holding HMST Common Stock 28.5K Jan 1, 2023 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 Award $0 +5.1K $0.00 5.1K Jan 1, 2023 Common Stock 5.1K Direct F1, F5
transaction HMST Restricted Stock Units Options Exercise $0 -1.3K -50% $0.00 1.3K Jan 1, 2023 Common Stock 1.3K Direct F1, F6
transaction HMST Restricted Stock Units Options Exercise $0 -882 -33.32% $0.00 1.77K Jan 1, 2023 Common Stock 882 Direct F1, F7
* 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 7,740 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 7,740 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 January 1, 2023, the reporting person was granted 5,098 RSUs, of which 1,699 shares vest on each of January 1, 2024 and January 1, 2025, and 1,700 shares vest on January 1, 2026. 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.
F6 On January 1, 2021, the reporting person was granted 3,905 RSUs, of which 1,301 shares vest on January 1, 2022 and 1,302 shares vest each on 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.
F7 On January 1, 2022, the reporting person was granted 2,647 RSUs, of which 882 shares vest on each of January 1, 2023 and January 1, 2024, and 883 shares vest on January 1, 2025. 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.