SMITH KOURTNEY L 4

What Happened
Kourtney L. Smith, COO of Kimball International (reported on HNI CORP filings), had restricted stock units vest on Feb 14 and Feb 15, 2026. To cover the resulting tax liability, the issuer withheld 333 shares on Feb 14 (333 × $50.03 = $16,660) and 1,409 shares on Feb 15 (1,409 × $50.03 = $70,492), for a combined withholding of 1,742 shares worth approximately $87,152. These were tax-withholding transactions (code F); no open-market sale occurred.

Key Details

• Transaction dates and prices: Feb 14, 2026 — 333 shares @ $50.03; Feb 15, 2026 — 1,409 shares @ $50.03.
• Total withheld: 1,742 shares; approximate total value $87,152.
• Transaction type: F (shares withheld by issuer to cover taxes on vested RSUs). No shares were sold.
• Footnotes: F1 & F2 confirm issuer withheld shares to cover taxes for RSUs vested on Feb 14 and Feb 15. F3 notes the ownership total reported includes 318 dividend-accrued shares on unvested RSUs.
• Shares owned after transaction: not specified in the excerpt provided; filing indicates the ownership total (column 5) includes the 318 dividend-accrued shares.
• Filing date: Form 4 filed Feb 18, 2026 for transactions on Feb 14–15. Form 4s are generally due within two business days of the transaction, so this filing appears to be later than the typical reporting window.

Context
Withholding shares to cover taxes on vested RSUs is a routine administrative step and not an open-market sale; it generally should not be interpreted as a directional bet by the insider. The reporting notes accrued dividend shares added to the ownership total, which is a bookkeeping detail related to unvested RSUs.