Debbie F. Propst - 01 Aug 2023 Form 4 Insider Report for MILLERKNOLL, INC. (MLKN)

Role
President Retail
Signature
By: Jacqueline H. Rice For: Debbie F. Propst
Issuer symbol
MLKN
Transactions as of
01 Aug 2023
Net transactions value
-$121,389
Form type
4
Filing time
03 Aug 2023, 20:49:36 UTC
Previous filing
20 Jul 2023
Next filing
18 Jul 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 +42% $0.000000 7,834 01 Aug 2023 Direct F1
transaction MLKN Common Stock Tax liability $22,196 -1,117 -14% $19.87 6,717 01 Aug 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +1,308 +19% $0.000000 8,025 01 Aug 2023 Direct
transaction MLKN Common Stock Tax liability $12,819 -645 -8% $19.87 7,380 01 Aug 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +4,023 +55% $0.000000 11,403 01 Aug 2023 Direct
transaction MLKN Common Stock Tax liability $39,976 -2,012 -18% $19.87 9,391 01 Aug 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +5,039 +54% $0.000000 14,430 01 Aug 2023 Direct F2
transaction MLKN Common Stock Tax liability $46,398 -2,335 -16% $19.87 12,095 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% $0.000000 36,461 01 Aug 2023 Common Stock 2,316 Direct F3, F4
transaction MLKN Restricted Stock Units Options Exercise $0 -1,308 -3.6% $0.000000 35,153 01 Aug 2023 Common Stock 1,308 Direct F3, F5
transaction MLKN Restricted Stock Units Options Exercise $0 -4,023 -11% $0.000000 31,130 01 Aug 2023 Common Stock 4,023 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 8/1/2022, 25% on 8/1/2023, and 50% 8/1/2024.
F6 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.