Bruce B. Watson - 01 Aug 2022 Form 4 Insider Report for MILLERKNOLL, INC. (MLKN)

Role
Herman Miller Brand President
Signature
By: Jacqueline H. Rice For: Bruce B. Watson
Issuer symbol
MLKN
Transactions as of
01 Aug 2022
Net transactions value
-$27,190
Form type
4
Filing time
03 Aug 2022, 21:57:39 UTC
Previous filing
19 Jul 2022
Next filing
20 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MLKN Common Stock Options Exercise $0 +1,955 +6.2% $0.000000 33,306 01 Aug 2022 Direct F1
transaction MLKN Common Stock Options Exercise $0 +1,052 +3.2% $0.000000 34,358 01 Aug 2022 Direct F1
transaction MLKN Common Stock Tax liability $9,426 -308 -0.9% $30.63 34,050 01 Aug 2022 Direct
transaction MLKN Common Stock Tax liability $17,764 -580 -1.7% $30.63 33,470 01 Aug 2022 Direct
holding MLKN Common Stock 1,928 01 Aug 2022 by profit share plan

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 MLKN Restricted Stock Units Options Exercise $0 -1,955 -11% $0.000000 15,578 01 Aug 2022 Common Stock 1,955 Direct F2, F3
transaction MLKN Restricted Stock Units Options Exercise $0 -1,052 -6.8% $0.000000 14,526 01 Aug 2022 Common Stock 1,052 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Number of Derivative Securities Beneficially Owned Following Reported Transaction reflected in Table I of this form includes dividend equivalent units reinvested in the corresponding vesting RSUs, which satisfies the exemption of Rule 16b-2.
F2 Each restricted stock unit represents a contingent right to receive one share of MLKN common stock.
F3 The restricted stock units are subject to a three-year vest schedule, vesting 25% on 8/1/2021, 25% on 8/1/2022, and 50% on 8/1/2023.
F4 The restricted stock units are subject to a three-year vest schedule, vesting 25% on 8/1/2022, 25% on 8/1/2023, and 50% 8/1/2024.