HNI CORP — Director's Dealing 2023

Feb 6, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HNI CORP (HNI)
CIK: 0000048287
Period of Report: 2023-02-02

Reporting Person: Bridges Marshall H (SVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-01	Common Stock	A	72.297	—	Acquired	72014.935	Direct
2022-07-01	Common Stock	A	77.434	—	Acquired	72092.369	Direct
2022-09-30	Common Stock	A	100.958	—	Acquired	72193.327	Direct
2022-12-30	Common Stock	A	94.125	—	Acquired	72287.452	Direct
2022-12-31	Common Stock	A	195.151	—	Acquired	1740.688	Indirect
2023-02-02	Common Stock	M	4383	$31.79	Acquired	76670.452	Direct
2023-02-02	Common Stock	S	4383	$32.35	Disposed	72287.452	Direct
2023-02-03	Common Stock	M	33	$31.79	Acquired	72320.452	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-02	Non-qualifying employee stock option (right to buy)	$31.79	M	4383	Disposed	2023-02-13	Common (4383.0)	Direct
2023-02-03	Non-qualifying employee stock option (right to buy)	$31.79	M	33	Disposed	2023-02-13	Common (33.0)	Direct

Footnotes

F1: These shares were acquired during the fiscal year under the HNI Corporation Members' Stock Purchase Plan.

F2: These shares were acquired under the HNI Corporation Profit-Sharing Retirement Plan.

F3: The sale was effected pursuant to a Rule 10b5-1 trading plan, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and HNI's policies regarding stock transactions, including its insider trading policy.

F4: The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.29 - $32.43, 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.

F5: This is an exercise and hold transaction. This transaction is the second in a two step transaction initiated on February 2, 2023, under a 10b5-1 plan where options were exercised and shares sold to cover taxes and expenses.