John P. Reed - 03 Jan 2022 Form 4 Insider Report for Arhaus, Inc. (ARHS)

Role
CEO and Chairman, Director, 10%+ Owner
Signature
/s/ Suzanne Hanselman Attorney-in-Fact
Issuer symbol
ARHS
Transactions as of
03 Jan 2022
Transactions value $
$0
Form type
4
Filing time
05 Jan 2022, 17:00:14 UTC
Previous filing
21 Dec 2021
Next filing
16 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ARHS Class A Common Stock 100 03 Jan 2022 As Custodian
holding ARHS Class A Common Stock 10K 03 Jan 2022 Direct
holding ARHS Class A Common Stock 1K 03 Jan 2022 By 1985 Trust

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 Class B Common Stock Gift $0 -7.04M -100% $0.00* 0 03 Jan 2022 Class A Common Stock 7.04M $0.00 By GRAT F1, F2
holding ARHS Class B Common Stock 2.98M 03 Jan 2022 Class A Common Stock 2.98M $0.00 Direct F2
holding ARHS Class B Common Stock 42.1M 03 Jan 2022 Class A Common Stock 42.1M $0.00 By 1985 Trust F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon termination of The John P. Reed 2019 GRAT (the "GRAT"), 7,035,433 shares of Class B Common Stock were transferred to the 2018 Reed Dynasty Trust, the holder of the residual interest of the GRAT on January 3, 2022. The transfer of shares of Class B Common Stock to the recipient trust constitutes a "Permitted Transfer" as defined in the Issuer's Amended and Restated Certificate of Incorporation. Accordingly, following the transfer, the shares remain shares of Class B Common Stock.
F2 Class B Common Stock is convertible into an equal number of shares of Class A Common Stock at any time, at the holder's election, and it is automatically convertible upon the terms and conditions set forth in the Issuer's Amended and Restated Certificate of Incorporation, and has no expiration date.