Bruce B. Watson - Aug 1, 2023 Form 4 Insider Report for MILLERKNOLL, INC. (MLKN)

Role
HM BrndPres&ChfProdOfr MK
Signature
By: Jacqueline H. Rice For: Bruce B. Watson
Stock symbol
MLKN
Transactions as of
Aug 1, 2023
Transactions value $
-$68,730
Form type
4
Date filed
8/3/2023, 09:38 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 +1.87K +5.5% $0.00 35.8K Aug 1, 2023 Direct F1
transaction MLKN Common Stock Options Exercise $0 +1.05K +2.94% $0.00 36.8K Aug 1, 2023 Direct
transaction MLKN Common Stock Tax liability -$11K -552 -1.5% $19.87 36.3K Aug 1, 2023 Direct
transaction MLKN Common Stock Tax liability -$6.31K -318 -0.88% $19.87 36K Aug 1, 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +3.91K +10.87% $0.00 39.9K Aug 1, 2023 Direct
transaction MLKN Common Stock Tax liability -$23.8K -1.2K -3.01% $19.87 38.7K Aug 1, 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +4.9K +12.66% $0.00 43.6K Aug 1, 2023 Direct F2
transaction MLKN Common Stock Tax liability -$27.6K -1.39K -3.19% $19.87 42.2K Aug 1, 2023 Direct
holding MLKN Common Stock 2.01K Aug 1, 2023 by profit share plan

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 -1.87K -6.06% $0.00 28.9K Aug 1, 2023 Common Stock 1.87K Direct F3, F4
transaction MLKN Restricted Stock Units Options Exercise $0 -1.05K -3.63% $0.00 27.9K Aug 1, 2023 Common Stock 1.05K Direct F3, F5
transaction MLKN Restricted Stock Units Options Exercise $0 -3.91K -14.03% $0.00 24K Aug 1, 2023 Common Stock 3.91K 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.