FRIEDMAN GARY G 4

What Happened

• Gary G. Friedman, a reported 10% owner of RH (RH), sold a total of 125,000 shares in open-market transactions executed July 6–8, 2026, generating approximately $20.67 million in gross proceeds. Individual trades ranged from roughly $154.71 to $171.11 per share; the filing reports weighted-average prices for each block.

Key Details

• Transaction type: S = Sale (open market)
• Aggregate: 125,000 shares sold for ~$20,668,230 total
• Trades and reported weighted-average prices / proceeds:
  • 2026-07-06: 39,271 sh @ $169.04 → $6,638,248 (F1: executed $169.00–$169.20)
  • 2026-07-06: 29,798 sh @ $170.07 → $5,067,746 (F2: $170.00–$170.38)
  • 2026-07-07: 7,298 sh @ $170.06 → $1,241,123 (F3: $170.00–$170.99)
  • 2026-07-07: 395 sh @ $171.11 → $67,588 (F4: $171.00–$171.22)
  • 2026-07-08: 5,897 sh @ $154.71 → $912,304 (F5: $154.17–$155.13)
  • 2026-07-08: 3,216 sh @ $155.65 → $500,561 (F6: $155.19–$156.16)
  • 2026-07-08: 400 sh @ $156.66 → $62,664 (F7: $156.21–$157.07)
  • 2026-07-08: 5,399 sh @ $157.92 → $852,598 (F8: $157.2650–$158.25)
  • 2026-07-08: 6,833 sh @ $158.92 → $1,085,919 (F9: $158.29–$159.2850)
  • 2026-07-08: 24,370 sh @ $159.97 → $3,898,586 (F10: $159.29–$160.2450)
  • 2026-07-08: 2,123 sh @ $160.57 → $340,893 (F11: $160.3450–$160.5950)
• Footnotes: Each block reflects weighted-average prices and was executed in multiple trades within the listed price ranges; Friedman offers to provide detailed per-trade breakdowns on request.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date: Form filed July 8, 2026; transactions occurred July 6–8, 2026 (no late-filing flag provided in the excerpt).

Context

• As a 10% owner (large shareholder) Friedman’s sales are typically treated as portfolio management rather than the same signal as an executive buy or sell; sales do not necessarily indicate company outlook. No option exercises, grants, or gifts are reported here—these were straight open-market sales.