Christopher M. Baldwin - Aug 1, 2023 Form 4 Insider Report for MILLERKNOLL, INC. (MLKN)

Role
Group President
Signature
By: Jacqueline H. Rice For: Christopher Michael Baldwin
Stock symbol
MLKN
Transactions as of
Aug 1, 2023
Transactions value $
-$24,719
Form type
4
Date filed
8/3/2023, 07:50 PM
Previous filing
Jul 20, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MLKN Common Stock Options Exercise $0 +427 +1.67% $0.00 26K Aug 1, 2023 Direct F1
transaction MLKN Common Stock Tax liability -$3.92K -197 -0.76% $19.87 25.8K Aug 1, 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +2.32K +8.97% $0.00 28.1K Aug 1, 2023 Direct
transaction MLKN Common Stock Tax liability -$20.8K -1.05K -3.72% $19.87 27.1K Aug 1, 2023 Direct

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 -427 -0.98% $0.00 43.1K Aug 1, 2023 Common Stock 427 Direct F2, F3
transaction MLKN Restricted Stock Units Options Exercise $0 -2.32K -5.37% $0.00 40.8K Aug 1, 2023 Common Stock 2.32K 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 8/1/2022, 25% on 8/1/2023, and 50% 8/1/2024.
F4 The restricted stock units are subject to a three-year vest schedule, vesting 25% at year one, 25% at year two, and 50% at year three. Vesting is on August 1 of each respective year.