John Michel - 01 Jan 2025 Form 4 Insider Report for HomeStreet, Inc. (HMST)

Signature
/s/ Godfrey B. Evans, Attorney in fact for John Michel
Issuer symbol
HMST
Transactions as of
01 Jan 2025
Net transactions value
-$27,465
Form type
4
Filing time
03 Jan 2025, 21:34:51 UTC
Previous filing
25 Nov 2024
Next filing
04 Sep 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HMST Common Stock Options Exercise +883 +1.8% 50,883 01 Jan 2025 Direct F1
transaction HMST Common Stock Tax liability $3,061 -268 -0.53% $11.42 50,615 01 Jan 2025 Direct F2
transaction HMST Common Stock Options Exercise +1,699 +3.4% 52,314 01 Jan 2025 Direct F1
transaction HMST Common Stock Tax liability $5,881 -515 -0.98% $11.42 51,799 01 Jan 2025 Direct F2
transaction HMST Common Stock Options Exercise +5,350 +10% 57,149 01 Jan 2025 Direct F1
transaction HMST Common Stock Tax liability $18,523 -1,622 -2.8% $11.42 55,527 01 Jan 2025 Direct F2
holding HMST Common Stock 28,409 01 Jan 2025 J Michel and R Michel TTEE, The Michel Family Tr U/A DTD 6/14/18 F3

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 -883 -100% $0.000000 0 01 Jan 2025 Common Stock 883 Direct F1, F4
transaction HMST Restricted Stock Units Options Exercise $0 -1,699 -50% $0.000000 1,700 01 Jan 2025 Common Stock 1,699 Direct F1, F5
transaction HMST Restricted Stock Units Options Exercise $0 -5,350 -33% $0.000000 10,702 01 Jan 2025 Common Stock 5,350 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 Shares withheld by HomeStreet in payment of the withholding tax liability incurred upon the above-reported settlement of RSUs.
F3 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.
F4 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.
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, 2024, the reporting person was granted 16,052 RSUs, of which 5,350 shares vest on January 1, 2025 and 5,351 shares vest each on January 1, 2026 and 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.