Jennifer E. Porter - Aug 2, 2022 Form 4 Insider Report for Arhaus, Inc. (ARHS)

Role
Chief Marketing Officer
Signature
/s/ Suzanne Hanselman, Attorney-in-Fact
Stock symbol
ARHS
Transactions as of
Aug 2, 2022
Transactions value $
$0
Form type
4
Date filed
8/4/2022, 04:26 PM
Previous filing
May 16, 2022
Next filing
Mar 14, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ARHS Performance Share Units Award $0 +37.5K $0.00 37.5K Aug 2, 2022 Class A Common Stock 37.5K Direct F1, F2
transaction ARHS Restricted Stock Units Award $0 +12.5K $0.00 12.5K Aug 2, 2022 Class A Common Stock 12.5K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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, 2022 and ending on December 31, 2024. 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.
F2 Subject to the Reporting Person's continuous employment with the Issuer, the PSUs granted vest on December 31, 2024, 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.
F3 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.
F4 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.