HNI CORP — Director's Dealing 2023

Nov 15, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HNI CORP (HNI)
CIK: 0000048287
Period of Report: 2023-11-14

Reporting Person: Lorenger Jeffrey D (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-14	Common Stock	M	9526	$34.78	Acquired	302645.462	Direct
2023-11-14	Common Stock	S	9430	$39.14	Disposed	293215.462	Direct
2023-11-14	Common Stock	S	96	$39.66	Disposed	293119.462	Direct
2023-11-15	Common Stock	M	1774	$34.78	Acquired	294893.462	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-14	Non-qualifying employee stock options (right to buy)	$34.78	M	9526	Disposed	2024-02-12	Common Stock (9526)	Direct
2023-11-15	Non-qualifying employee stock options (right to buy)	$34.78	M	1774	Disposed	2024-02-12	Common Stock (1774)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6720.664	Indirect

Footnotes

F1: The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.655 - $39.64, inclusive. The reporting person undertakes to provide HNI Corporation, any security holder of HNI Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

F2: This is an exercise and hold transaction. This transaction is the second in a two step transaction initiated on November 14, 2023, under a 10b5-1 plan where options were exercised and shares sold to cover taxes and expenses.