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Arhaus, Inc. — Director's Dealing 2024
Apr 16, 2024
31917_dirs_2024-04-16_14ad174e-e842-4e43-8895-a6e1c23d9a9d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Arhaus, Inc. (ARHS)
CIK: 0001875444
Period of Report: 2024-01-10
Reporting Person: Nachiappan Venkatachalam (Chief Information Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-10 | Call Option (right to buy) | $12.50 | S | 79 | Acquired | 2024-05-17 | Class A Common Stock (7900) | Direct |
| 2024-01-10 | Put Option (right to sell) | $12.50 | P | 79 | Acquired | 2024-05-17 | Class A Common Stock (7900) | Direct |
| 2024-01-22 | Call Option (right to buy) | $12.50 | P | 79 | Disposed | 2024-05-17 | Class A Common Stock (7900) | Direct |
| 2024-01-22 | Put Option (right to sell) | $12.50 | S | 79 | Disposed | 2024-05-17 | Class A Common Stock (7900) | Direct |
| 2024-04-12 | Performance Share Units | $ | A | 13613 | Acquired | 2026-12-31 | Class A Common Stock (13613) | Direct |
| 2024-04-12 | Restricted Stock Units | $ | A | 4538 | Acquired | Class A Common Stock (4538) | Direct |
Footnotes
F1: These transactions were inadvertently made by the Reporting Person's broker. Upon learning of the transactions, the Reporting Person instructed his broker to reverse the transactions. Pursuant to Rule 16b-6(c)(2), there was no disgorgeable profit as a result of the transactions reported herein.
F2: Denotes option exercisable at any time prior to the expiration date.
F3: Each Performance Share Unit ("PSU") represents a contingent right to receive one share of Class A Common Stock, subject to the achievement of applicable performance criteria over a three-year performance period beginning January 1, 2024 and ending on December 31, 2026. The target number of PSUs is reported in Column 5. The number of shares to be earned and issued may be 0%-200% of the target number of PSUs depending on actual performance.
F4: Subject to the Reporting Person's continuous employment with the Issuer, the PSUs granted vest on December 31, 2026, but the PSUs will not settle and payout until the number of PSUs earned is determined by the Issuer's Compensation Committee based on the Company's achievement of performance goals.
F5: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock, subject to the Reporting Person's continuous service to the Issuer.
F6: Subject to the Reporting Person's continuous service to the Issuer, the RSUs vest pro rata on the first, second, and third anniversaries of the transaction date.