William Endresen - Jan 1, 2024 Form 4 Insider Report for HomeStreet, Inc. (HMST)

Signature
/s/ Godfrey B. Evans, Attorney in fact for William Endresen
Stock symbol
HMST
Transactions as of
Jan 1, 2024
Transactions value $
-$8,971
Form type
4
Date filed
1/3/2024, 09:57 PM
Previous filing
May 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HMST Common Stock Options Exercise +935 +5.08% 19.4K Jan 1, 2024 Direct F1
transaction HMST Common Stock Tax liability -$2.97K -288 -1.49% $10.30 19.1K Jan 1, 2024 Direct
transaction HMST Common Stock Options Exercise +647 +3.39% 19.7K Jan 1, 2024 Direct F1
transaction HMST Common Stock Tax liability -$2.06K -200 -1.01% $10.30 19.5K Jan 1, 2024 Direct
transaction HMST Common Stock Options Exercise +1.25K +6.38% 20.8K Jan 1, 2024 Direct F1
transaction HMST Common Stock Tax liability -$3.94K -383 -1.84% $10.30 20.4K Jan 1, 2024 Direct
holding HMST Common Stock 538 Jan 1, 2024 HomeStreet, Inc. 401(k) Savings Plan 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 Award $0 +11.8K $0.00 11.8K Jan 1, 2024 Common Stock 11.8K Direct F1, F3
transaction HMST Restricted Stock Units Options Exercise $0 -935 -100% $0.00* 0 Jan 1, 2024 Common Stock 935 Direct F1, F4
transaction HMST Restricted Stock Units Options Exercise $0 -647 -50% $0.00 647 Jan 1, 2024 Common Stock 647 Direct F1, F5
transaction HMST Restricted Stock Units Options Exercise $0 -1.25K -33.32% $0.00 2.49K Jan 1, 2024 Common Stock 1.25K Direct F1, F6
* 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 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 January 1, 2024.
F3 On January 1, 2024, the reporting person was granted 11,761 RSUs, of which 3,920 shares vest each on January 1, 2025 and January 1, 2026, and 3,921 shares vest on January 1, 2027. 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.
F4 On January 1, 2021, the reporting person was granted 2,805 RSUs, which vest incrementally in equal amounts on January 1, 2022, January 1, 2023, and January 1, 2024, 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 January 1, 2022, the reporting person was granted 1,940 RSUs, of which 646 shares vest on January 1, 2023 and 647 shares vest each on January 1, 2024 and 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.
F6 On January 1, 2023, the reporting person was granted 3,736 RSUs, of which 1,245 shares vest on each of January 1, 2024 and January 1, 2025, and 1,246 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.