John P. Michael - Aug 1, 2023 Form 4 Insider Report for MILLERKNOLL, INC. (MLKN)

Role
President Americas Cntrct
Signature
By: Jacqueline H. Rice For: John P. Michael
Stock symbol
MLKN
Transactions as of
Aug 1, 2023
Transactions value $
-$78,950
Form type
4
Date filed
8/3/2023, 08:28 PM
Previous filing
Jul 20, 2023
Next filing
Jan 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MLKN Common Stock Options Exercise $0 +2.32K +53.17% $0.00 6.67K Aug 1, 2023 Direct F1
transaction MLKN Common Stock Tax liability -$21.2K -1.07K -15.97% $19.87 5.61K Aug 1, 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +1.19K +21.15% $0.00 6.79K Aug 1, 2023 Direct
transaction MLKN Common Stock Tax liability -$11.2K -566 -8.33% $19.87 6.23K Aug 1, 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +1.19K +19.13% $0.00 7.42K Aug 1, 2023 Direct
transaction MLKN Common Stock Tax liability -$11.1K -560 -7.55% $19.87 6.86K Aug 1, 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +4.03K +58.78% $0.00 10.9K Aug 1, 2023 Direct F2
transaction MLKN Common Stock Tax liability -$35.4K -1.78K -16.36% $19.87 9.11K 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 -2.32K -6.38% $0.00 34K Aug 1, 2023 Common Stock 2.32K Direct F3, F4
transaction MLKN Restricted Stock Units Options Exercise $0 -1.19K -3.49% $0.00 32.8K Aug 1, 2023 Common Stock 1.19K Direct F3, F5
transaction MLKN Restricted Stock Units Options Exercise $0 -1.19K -3.63% $0.00 31.6K Aug 1, 2023 Common Stock 1.19K 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.