Mechanics Bancorp — Director's Dealing 2021

Jan 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HomeStreet, Inc. (HMST)
CIK: 0001518715
Period of Report: 2021-01-01

Reporting Person: MICHEL JOHN (EVP, Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-01	Restricted Stock Units	$	A	3905	Acquired		Common Stock (3905.0)	Direct

Footnotes

F1: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of HomeStreet common stock. RSUs do not require the holder to pay any consideration on vesting.

F2: On January 1, 2021, the reporting person was granted 3,905 RSUs, of which 1,301 shares vest on January 1, 2022, and 1,302 shares vest on each of January 1, 2023 and January 1, 2024. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.

F3: The reporting person's remaining RSUs includes 15,480 RSUs granted on May 11, 2020, which vest incrementally in equal amounts on November 11, 2021 and November 11, 2022, respectively, 5,421 RSUs granted on May 26, 2020, which vest incrementally in equal amounts on May 26, 2021, May 26, 2022 and May 26, 2023, respectively and 3,905 RSUs granted on January 1, 2021, of which 1,301 shares vest on January 1, 2022, and 1,302 shares vest on each of January 1, 2023 and January 1, 2024. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.