[Form 4] HNI Corporation Insider Trading Activity

Rhea-AI Filing Summary

HNI Corporation (HNI) – Form 4 insider transaction

Director Miguel M. Calado reported the sale of 1,743 HNI common shares on 07/24/2025 at a stated price of $53 per share. The trade was made under a Rule 10b5-1 plan adopted on 03/04/2025, indicating it was pre-scheduled. Following the sale, Calado’s direct ownership stands at 30,085.415 shares. No derivative security transactions were reported.

The filing shows an approximate reduction of about 5.5 % of Calado’s direct position (1,743 ÷ 31,828.415 pre-sale shares). Other than the transaction details, the Form 4 does not include additional financial or strategic disclosures.

Positive

• Pre-scheduled under Rule 10b5-1, lessening concerns about opportunistic trading or negative undisclosed information.

Negative

• Director reduced holdings by approximately 5.5 %, which some investors may interpret as diminished insider confidence.

Insights

Financial Analyst

TL;DR: Director sells 5.5 % stake via 10b5-1 plan; modestly negative signal but pre-planned limits interpretation.

The reported 1,743-share sale trims Miguel Calado’s directly held HNI stake to roughly 30k shares. While insider selling can hint at weaker conviction, the use of a Rule 10b5-1 plan reduces the likelihood of information asymmetry or opportunistic timing. No other insiders or derivative transactions are listed, suggesting this is an isolated, routine liquidity event. Impact on share supply is immaterial (<0.01 % of outstanding shares), yet investors often view any director-level selling as a mild negative sentiment indicator.

SEC Form 4

FORM 4

UNITED 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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

CALADO MIGUEL M

(Last) (First) (Middle)

600 EAST SECOND STREET

(Street)

MUSCATINE IA 52761

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HNI CORP [ HNI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/24/2025		S(1)		1,743	D	$53(2)	30,085.415	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted on March 4, 2025.

2. The dollar amount in column 4 is a result of multiple lots for the same price that have been combined.

Remarks:

	/s/ Steven M. Bradford; by Power of Attorney	07/28/2025
	** Signature of Reporting Person	Date
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.

FAQ

How many HNI shares did Director Miguel M. Calado sell?

He sold 1,743 shares of HNI common stock.

At what price were the HNI shares sold?

The Form 4 lists a price of $53 per share.

What is Miguel Calado’s remaining HNI share ownership?

After the transaction, he directly owns 30,085.415 shares.

Was the sale part of a 10b5-1 trading plan?

Yes. The filing states the sale was executed under a Rule 10b5-1 plan adopted on 03/04/2025.

Does the Form 4 disclose any derivative security activity?

No derivative acquisitions or dispositions were reported in Table II.