Mechanics Bancorp — Director's Dealing 2022

Jan 5, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HomeStreet, Inc. (HMST)
CIK: 0001518715
Period of Report: 2022-01-01

Reporting Person: LEMON PAULETTE (EVP - Retail Banking Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-01	Common Stock	M	470	—	Acquired	12231.20	Direct
2022-01-01	Common Stock	F	142	$52	Disposed	12089.20	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-01	Restricted Stock Units	$	A	1005	Acquired		Common Stock (1005.0)	Direct
2022-01-01	Restricted Stock Units	$	M	470	Disposed		Common Stock (470.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2401.226	Indirect

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: Shares withheld by HomeStreet in payment of the withholding tax liability incurred upon the above-reported settlement of RSUs.

F3: Participants in HomeStreet, Inc.'s 401(k) Savings Plan, or the "401(k) Plan", have the authority to direct voting of shares they hold through the 401(k) Plan. The amount of shares held in the 401(k) Plan is as of January 1, 2022.

F4: On January 1, 2022, the reporting person was granted 1,005 RSUs, which vest incrementally in equal amounts on January 1, 2023, January 1, 2024, and January 1, 2025, respectively. 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.

F5: On January 1, 2021, the reporting person was granted 1,412 RSUs, of which 470 shares vest on January 1, 2022, and 471 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.