Debbie F. Propst - Aug 1, 2023 Form 4 Insider Report for MILLERKNOLL, INC. (MLKN)

Role
President Retail
Signature
By: Jacqueline H. Rice For: Debbie F. Propst
Stock symbol
MLKN
Transactions as of
Aug 1, 2023
Transactions value $
-$121,389
Form type
4
Date filed
8/3/2023, 08:49 PM
Previous filing
Jul 20, 2023
Next filing
Jul 18, 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 +41.97% $0.00 7.83K Aug 1, 2023 Direct F1
transaction MLKN Common Stock Tax liability -$22.2K -1.12K -14.26% $19.87 6.72K Aug 1, 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +1.31K +19.47% $0.00 8.03K Aug 1, 2023 Direct
transaction MLKN Common Stock Tax liability -$12.8K -645 -8.04% $19.87 7.38K Aug 1, 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +4.02K +54.51% $0.00 11.4K Aug 1, 2023 Direct
transaction MLKN Common Stock Tax liability -$40K -2.01K -17.64% $19.87 9.39K Aug 1, 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +5.04K +53.66% $0.00 14.4K Aug 1, 2023 Direct F2
transaction MLKN Common Stock Tax liability -$46.4K -2.34K -16.18% $19.87 12.1K 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 -2.32K -5.97% $0.00 36.5K Aug 1, 2023 Common Stock 2.32K Direct F3, F4
transaction MLKN Restricted Stock Units Options Exercise $0 -1.31K -3.59% $0.00 35.2K Aug 1, 2023 Common Stock 1.31K Direct F3, F5
transaction MLKN Restricted Stock Units Options Exercise $0 -4.02K -11.44% $0.00 31.1K Aug 1, 2023 Common Stock 4.02K 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.