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  4. [Form 4] HNI CORP Insider Trading Activity

HNI CEO sells 47K shares after option exercise

HNI CORP (HNI) reported insider transactions by President & CEO Jeffrey D. Lorenger involving option exercises and related stock sales over August 26–27, 2026.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

HNI CORP (HNI) reported insider transactions by President & CEO Jeffrey D. Lorenger involving option exercises and related stock sales over August 26–27, 2026. Lorenger exercised non‑qualifying employee stock options at an exercise price of $38.68 per share and received HNI common stock, then sold an equal number of shares in multiple open‑market transactions at weighted average prices of about $50 per share. The filing states these trades were effected under a Rule 10b5‑1 trading plan adopted on February 27, 2026. The report also notes indirect holdings of HNI common stock held by a trust and under a profit sharing retirement plan.

Positive

  • None.

Negative

  • None.
Insider Lorenger Jeffrey D
Role President & CEO
Sold 47,084 shs ($2.36M)
Approx. gross sale proceeds $2.36M
Approx. exercise cost $1.82M
Approx. pre-tax spread $537K
Type Security Shares Price Value
Exercise Non-qualifying employee stock option (right to buy) 27,131 $0.00 $0.00
Exercise Non-qualifying employee stock option (right to buy) 12,445 $0.00 $0.00
Exercise Common Stock 27,131 $38.68 $1.05M
Sale Common Stock F1, F3 27,131 $50.0901 $1.36M
Exercise Common Stock 12,445 $38.68 $481K
Sale Common Stock F1, F4 12,445 $50.0878 $623K
Exercise Non-qualifying employee stock option (right to buy) 4,671 $0.00 $0.00
Exercise Non-qualifying employee stock option (right to buy) 2,837 $0.00 $0.00
Exercise Common Stock 4,671 $38.68 $181K
Sale Common Stock F1, F2 4,671 $50.0496 $234K
Exercise Common Stock 2,837 $38.68 $110K
Sale Common Stock F1, F2 2,837 $50.0831 $142K
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Non-qualifying employee stock option (right to buy) — 28,552 contracts (Direct); Common Stock — 148,490 shares (Direct); Common Stock — 313,061.462 shares (Indirect, By Trust); Common Stock — 7,674.193 shares (Indirect, Profit Sharing Retirement Plan)
Footnotes (4)
  1. F1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted on February 27, 2026.
  2. F2. The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 - $50.330, 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 footnotes 2 , 3 and 4 to this Form 4.
  3. F3. The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.000 - $50.250, inclusive.
  4. F4. The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.000 - $50.270, inclusive.
Total shares sold 47,084 shares Net shares sold across reported transactions, per transactionSummary
Option exercise price $38.68 per share Conversion or exercise price for non‑qualifying employee stock options
Sale price (weighted average) $50.0496 per share Weighted average sale price for 4,671 common shares on 2026-08-26
Sale price (weighted average) $50.0831 per share Weighted average sale price for 2,837 common shares on 2026-08-26
Sale price (weighted average) $50.0901 per share Weighted average sale price for 27,131 common shares on 2026-08-27
Sale price (weighted average) $50.0878 per share Weighted average sale price for 12,445 common shares on 2026-08-27
Indirect trust holdings 313,061.462 shares Indirect HNI common stock held “By Trust” as of 2026-08-26
Profit Sharing Retirement Plan holdings 7,674.193 shares Indirect HNI common stock held via Profit Sharing Retirement Plan as of 2026-08-26
Non-qualifying employee stock option financial
"security_title: Non-qualifying employee stock option (right to buy)"
Rule 10b5-1 plan regulatory
"transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average price financial
"The price in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Profit Sharing Retirement Plan financial
"nature_of_ownership: Profit Sharing Retirement Plan"
indirect ownership financial
"ownership_type: indirect, nature_of_ownership: By Trust"

FAQ

What did HNI (HNI) CEO Jeffrey D. Lorenger report in this Form 4?
Jeffrey D. Lorenger reported exercising non‑qualifying employee stock options for HNI common stock at $38.68 per share and selling the resulting shares in several open‑market transactions on August 26–27, 2026, under a Rule 10b5‑1 trading plan.

How many HNI (HNI) shares did the CEO sell in these transactions?
Across the reported transactions, the filing shows 47,084 HNI common shares sold in open‑market or private transactions, matching the number of shares acquired through option exercises during the same period, according to the transaction summary and individual rows.

What exercise price applied to the HNI (HNI) options exercised by the CEO?
The non‑qualifying employee stock options exercised by Jeffrey D. Lorenger carried a conversion or exercise price of $38.68 per share, with an original exercise date of February 14, 2022, and an expiration date of February 14, 2028, as disclosed for the derivative securities.

At what prices were the HNI (HNI) shares sold in the reported trades?
Reported weighted average sale prices include $50.0496, $50.0831, $50.0901, and $50.0878 per share. Footnotes state these are weighted averages for multiple transactions within price ranges between $50.00 and approximately $50.33 per share.

Were the HNI (HNI) CEO’s transactions made under a Rule 10b5-1 plan?
Yes. A footnote and the plan checkbox indicate the transactions were effected pursuant to a Rule 10b5‑1 plan adopted on February 27, 2026, which pre‑arranges trading activity according to specified parameters.

What indirect HNI (HNI) share holdings are reported for the CEO?
The filing reports indirect ownership of 313,061.462 HNI common shares held “By Trust” and 7,674.193 HNI common shares held through a Profit Sharing Retirement Plan, both as of August 26, 2026.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lorenger Jeffrey D
(Last)(First)(Middle)
600 EAST SECOND STREET
(Street)
MUSCATINE IOWA 52761
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
HNI CORP [ HNI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/26/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock08/26/2026M4,671A$38.68153,161D
Common Stock08/26/2026S(1)4,671D$50.0496(2)148,490D
Common Stock08/26/2026M2,837A$38.68151,327D
Common Stock08/26/2026S(1)2,837D$50.0831(2)148,490D
Common Stock08/27/2026M27,131A$38.68175,621D
Common Stock08/27/2026S(1)27,131D$50.0901(3)148,490D
Common Stock08/27/2026M12,445A$38.68160,935D
Common Stock08/27/2026S(1)12,445D$50.0878(4)148,490D
Common Stock313,061.462IBy Trust
Common Stock7,674.193IProfit Sharing Retirement Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-qualifying employee stock option (right to buy)$38.6808/26/2026M4,67102/14/202202/14/2028Common Stock4,671$070,965D
Non-qualifying employee stock option (right to buy)$38.6808/26/2026M2,83702/14/202202/14/2028Common Stock2,837$068,128D
Non-qualifying employee stock option (right to buy)$38.6808/27/2026M27,13102/14/202202/14/2028Common Stock27,131$040,997D
Non-qualifying employee stock option (right to buy)$38.6808/27/2026M12,44502/14/202202/14/2028Common Stock12,445$028,552D
Explanation of Responses:
1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted on February 27, 2026.
2. The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 - $50.330, 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 footnotes 2 , 3 and 4 to this Form 4.
3. The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.000 - $50.250, inclusive.
4. The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.000 - $50.270, inclusive.
Remarks:
/s/ Steven M. Bradford; by Power of Attorney08/28/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR