Venkatachalam Nachiappan - 10 Jan 2024 Form 4 Insider Report for Arhaus, Inc. (ARHS)

Reporting relationship: Chief Information Officer
Issuer ticker: ARHS
Reported as of: 10 Jan 2024
Net transaction value: +$2,291
SEC form: 4
Accepted by SEC: 16 Apr 2024, 18:58:19 UTC
Prior SEC filing: 14 Nov 2023
Next SEC filing: 12 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Suzanne Hanselman, Attorney-in-Fact

Key filing fact

Venkatachalam Nachiappan filed Form 4 for Arhaus, Inc. (ARHS) on 16 Apr 2024.

Key facts

This page summarizes Venkatachalam Nachiappan's Form 4 filing for Arhaus, Inc. (ARHS).
6 reported transactions and 6 derivative rows are listed below.
Accepted by SEC: 16 Apr 2024, 18:58.

Change

Previous filing in this sequence was filed on 14 Nov 2023.
Current net transaction value: +$2,291.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ARHS transaction Derivative

Call Option (right to buy)

Sale

Transaction value: $7,189
Shares: +79
Change %
Price: $91.00^*
Shares after: 79
Date: 10 Jan 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 7,900
Exercise price: $12.50
Footnotes: F1, F2

ARHS transaction Derivative

Put Option (right to sell)

Purchase

Transaction value: $19,039
Shares: +79
Change %
Price: $241.00^*
Shares after: 79
Date: 10 Jan 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 7,900
Exercise price: $12.50
Footnotes: F1, F2

ARHS transaction Derivative

Call Option (right to buy)

Purchase

Transaction value: $10,270
Shares: -79
Change %: -100%
Price: $130.00^*
Shares after: 0
Date: 22 Jan 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 7,900
Exercise price: $12.50
Footnotes: F1, F2

ARHS transaction Derivative

Put Option (right to sell)

Sale

Transaction value: $13,667
Shares: -79
Change %: -100%
Price: $173.00^*
Shares after: 0
Date: 22 Jan 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 7,900
Exercise price: $12.50
Footnotes: F1, F2

ARHS transaction Derivative

Performance Share Units

Award

Transaction value: $0
Shares: +13,613
Change %
Price: $0.000000
Shares after: 13,613
Date: 12 Apr 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 13,613
Exercise price
Footnotes: F3, F4

ARHS transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +4,538
Change %
Price: $0.000000
Shares after: 4,538
Date: 12 Apr 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 4,538
Exercise price
Footnotes: F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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.

Footnote F2

Denotes option exercisable at any time prior to the expiration date.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.