Lisa Chi - Mar 10, 2023 Form 4 Insider Report for Arhaus, Inc. (ARHS)

Role
Chief Merchandising Officer
Signature
/s/ Suzanne Hanselman Attorney-in-Fact
Stock symbol
ARHS
Transactions as of
Mar 10, 2023
Transactions value $
$0
Form type
4
Date filed
3/14/2023, 06:07 PM
Previous filing
Sep 6, 2022
Next filing
Mar 16, 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 +21.1K $0.00 21.1K Mar 10, 2023 Class A Common Stock 21.1K Direct F1, F2
transaction ARHS Restricted Stock Units Award $0 +7.02K $0.00 7.02K Mar 10, 2023 Class A Common Stock 7.02K 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, 2023 and ending on December 31, 2025. 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, 2025, 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.