JOHN MICHEL - 01 Jan 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
Issuer symbol: HMST
Transactions as of: 01 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 04 Jan 2023, 19:06:40 UTC
Previous filing: 15 Nov 2022
Next filing: 15 May 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	+1,302	+3.3%	$0.000000	41,302	01 Jan 2023	Direct	F1, F2
transaction	HMST	Common Stock	Options Exercise	$0	+882	+2.1%	$0.000000	42,184	01 Jan 2023	Direct	F1, F2
holding	HMST	Common Stock						28,535	01 Jan 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	+5,098		$0.000000	5,098	01 Jan 2023	Common Stock	5,098		Direct	F1, F5
transaction	HMST	Restricted Stock Units	Options Exercise	$0	-1,302	-50%	$0.000000	1,302	01 Jan 2023	Common Stock	1,302		Direct	F1, F6
transaction	HMST	Restricted Stock Units	Options Exercise	$0	-882	-33%	$0.000000	1,765	01 Jan 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.