John P. Michael - 01 Aug 2023 Form 4 Insider Report for MILLERKNOLL, INC. (MLKN)

Role
President Americas Cntrct
Signature
By: Jacqueline H. Rice For: John P. Michael
Issuer symbol
MLKN
Transactions as of
01 Aug 2023
Net transactions value
-$78,950
Form type
4
Filing time
03 Aug 2023, 20:28:10 UTC
Previous filing
20 Jul 2023
Next filing
19 Jan 2024
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 +2,316 +53% $0.000000 6,672 01 Aug 2023 Direct F1
transaction MLKN Common Stock Tax liability $21,172 -1,066 -16% $19.87 5,607 01 Aug 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +1,186 +21% $0.000000 6,793 01 Aug 2023 Direct
transaction MLKN Common Stock Tax liability $11,241 -566 -8.3% $19.87 6,227 01 Aug 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +1,191 +19% $0.000000 7,418 01 Aug 2023 Direct
transaction MLKN Common Stock Tax liability $11,133 -560 -7.6% $19.87 6,858 01 Aug 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +4,031 +59% $0.000000 10,889 01 Aug 2023 Direct F2
transaction MLKN Common Stock Tax liability $35,403 -1,782 -16% $19.87 9,107 01 Aug 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 -2,316 -6.4% $0.000000 34,013 01 Aug 2023 Common Stock 2,316 Direct F3, F4
transaction MLKN Restricted Stock Units Options Exercise $0 -1,186 -3.5% $0.000000 32,827 01 Aug 2023 Common Stock 1,186 Direct F3, F5
transaction MLKN Restricted Stock Units Options Exercise $0 -1,191 -3.6% $0.000000 31,636 01 Aug 2023 Common Stock 1,191 Direct F3, F6
* 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 Shares issued August 1, 2023 pursuant to Performance Share Units granted on January 14, 2021 under the Company's 2011 LTIP.
F3 Each restricted stock unit represents a contingent right to receive one share of MLKN common stock.
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.
F5 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.
F6 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.