HNI (NYSE: HNI) holder sold $2.18M in stock, now plans 700-share sale
Rhea-AI Filing Summary
HNI CORP (HNI) received a notice that Jeffrey D. Lorenger intends to sell HNI common stock under Rule 144. The planned transaction involves 700 shares, expected to be sold on 08/24/2026 through Fidelity Brokerage Services LLC on the NYSE, in connection with a stock option exercise for cash.
During the prior three months, Lorenger reported an additional sale of 45,850 shares of HNI common stock on 08/03/2026 for total proceeds of $2,180,204.18. The Form 144 is signed by Jennifer Ruchti as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for Lorenger.
Positive
- None.
Negative
- None.
Key Figures
Shares to be sold: 700 shares
Planned sale value: 35005.00
Prior 3-month shares sold: 45850 shares
+3 more
6 metrics
Shares to be sold
700 shares
Planned Rule 144 sale of HNI common stock on 08/24/2026
Planned sale value
35005.00
Associated with 700 HNI common shares to be sold via NYSE
Prior 3-month shares sold
45850 shares
HNI common stock sold on 08/03/2026
Prior 3-month sale proceeds
2180204.18
Aggregate proceeds from 45,850 HNI shares sold on 08/03/2026
Planned sale date
08/24/2026
Date for proposed Rule 144 sale of 700 shares
Past sale date
08/03/2026
Date of prior 45,850-share sale over past three months
Key Terms
Rule 144, stock option exercise, attorney-in-fact
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
stock option exercise financial
"Common | 08/24/2026 | Stock Option Exercise | Issuer"
A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.
attorney-in-fact regulatory
"as attorney-in-fact for Jeffrey D. Lorenger"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What sale of HNI (HNI) stock is disclosed in this Form 144?
The notice reports that 700 shares of HNI common stock are intended to be sold on 08/24/2026 on the NYSE, in connection with a stock option exercise, with Fidelity Brokerage Services LLC involved in the transaction.
Who is the selling security holder in this HNI (HNI) Form 144?
The selling security holder is Jeffrey D. Lorenger, for whose account the HNI common stock is to be sold. Fidelity Brokerage Services LLC is identified in connection with the securities, and an attorney-in-fact signs on his behalf.
What is the size of the new proposed HNI (HNI) sale under Rule 144?
The new proposed sale under Rule 144 covers 700 shares of HNI common stock, expected to be sold on 08/24/2026, associated with a stock option exercise for cash.
Which broker is involved in the planned HNI (HNI) Rule 144 sale?
The planned sale lists Fidelity Brokerage Services LLC, located in Smithfield, Rhode Island, in connection with the 700 shares of HNI common stock intended to be sold on 08/24/2026 on the NYSE.
AI-generated analysis. How Rhea-AI works. Not financial advice.