Bruce B. Watson - 01 Aug 2023 Form 4 Insider Report for MILLERKNOLL, INC. (MLKN)

Role
HM BrndPres&ChfProdOfr MK
Signature
By: Jacqueline H. Rice For: Bruce B. Watson
Issuer symbol
MLKN
Transactions as of
01 Aug 2023
Net transactions value
-$68,730
Form type
4
Filing time
03 Aug 2023, 21:38:05 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 +1,866 +5.5% $0.000000 35,790 01 Aug 2023 Direct F1
transaction MLKN Common Stock Options Exercise $0 +1,051 +2.9% $0.000000 36,841 01 Aug 2023 Direct
transaction MLKN Common Stock Tax liability $10,960 -552 -1.5% $19.87 36,289 01 Aug 2023 Direct
transaction MLKN Common Stock Tax liability $6,312 -318 -0.88% $19.87 35,971 01 Aug 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +3,911 +11% $0.000000 39,882 01 Aug 2023 Direct
transaction MLKN Common Stock Tax liability $23,817 -1,199 -3% $19.87 38,684 01 Aug 2023 Direct
transaction MLKN Common Stock Options Exercise $0 +4,898 +13% $0.000000 43,582 01 Aug 2023 Direct F2
transaction MLKN Common Stock Tax liability $27,640 -1,391 -3.2% $19.87 42,191 01 Aug 2023 Direct
holding MLKN Common Stock 2,007 01 Aug 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 -1,866 -6.1% $0.000000 28,936 01 Aug 2023 Common Stock 1,866 Direct F3, F4
transaction MLKN Restricted Stock Units Options Exercise $0 -1,051 -3.6% $0.000000 27,885 01 Aug 2023 Common Stock 1,051 Direct F3, F5
transaction MLKN Restricted Stock Units Options Exercise $0 -3,911 -14% $0.000000 23,974 01 Aug 2023 Common Stock 3,911 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.