[Form 4] HNI Corporation Insider Trading Activity

Rhea-AI Filing Summary

HNI Corp. (HNI) – Form 4 insider activity: President & CEO Jeffrey D. Lorenger executed two small option exercises and corresponding open-market sales on 07/24/2025 under a Rule 10b5-1 plan adopted 11/06/2024.

• Exercised: 200 non-qualified options at an exercise price of $46.62, reducing his option balance to 45,850.
• Sold: 200 common shares at an average price of $53.29.
• Net effect: No change in direct share count; post-transaction direct ownership stands at 344,193.462 shares, plus 7,377.525 shares held indirectly via the Profit Sharing Retirement Plan.

The transactions represent less than 0.1 % of Mr. Lorenger’s direct holdings and appear routine, with proceeds likely used to cover taxes/costs. No material impact on share count or insider ownership structure is indicated.

Insights

Equity Analyst

TL;DR: Routine 200-share sale/exercise; immaterial to ownership or valuation.

The CEO’s paired exercise-and-sale aligns with standard liquidity management: options were in-the-money by ~$6.7 per share, and the immediate sale locks in gain without increasing float. Direct holdings remain >344k shares, signalling continued sizable insider stake. Volume is negligible versus HNI’s 46 m share float, so market impact is de minimis. No directional signal on fundamentals; insider still retains ~45.9k options for future upside. Overall classification: neutral, not impactful.

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
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).

1. Name and Address of Reporting Person^*

Lorenger Jeffrey D

(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
X	Officer (give title below)		Other (specify below)
	President & CEO

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		M		100	A	$46.62	344,293.462	D
Common Stock	07/24/2025		S(1)		100	D	$53.29	344,193.462	D
Common Stock	07/24/2025		M		100	A	$46.62	344,293.462	D
Common Stock	07/24/2025		S(1)		100	D	$53.29	344,193.462	D
Common Stock								7,377.525	I	Profit 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-qualifying employee stock option (right to buy)	$46.62	07/24/2025		M			100	02/15/2021	02/15/2027	Common Stock	100	$0	45,950	D
Non-qualifying employee stock option (right to buy)	$46.62	07/24/2025		M			100	02/15/2021	02/15/2027	Common Stock	100	$0	45,850	D

Explanation of Responses:

1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on November 6, 2024.

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 CEO Jeffrey Lorenger sell on 07/24/2025?

He sold 200 shares of common stock at $53.29 per share.

Did the CEO increase or decrease his total HNI share ownership?

Total direct ownership remained essentially unchanged at 344,193.462 shares; the transactions were neutral.

What was the exercise price of the options exercised in the Form 4?

The non-qualified options were exercised at $46.62 per share.

Are these trades part of a pre-arranged trading plan?

Yes, they were executed under a Rule 10b5-1 plan adopted on 11/06/2024.

How many options does the CEO still hold after the reported transactions?

He retains 45,850 non-qualified options following the exercises.