Burgdoerfer Stuart B 4

What Happened
Stuart B. Burgdoerfer, a director of Arhaus, Inc. (ARHS), was granted 832 dividend-equivalent rights tied to unvested Restricted Stock Units (RSUs) on March 31, 2026. The grant is reported as a derivative award (Form 4 code A) at $0.00 per unit (aggregate reported value $0).

Key Details

• Transaction date: 2026-03-31 (Form 4 filed 2026-04-02) — filing is timely (within SEC two-business-day window).
• Transaction type/code: Award/Grant (A) — dividend-equivalent rights on RSUs.
• Quantity and price: 832 units @ $0.00 (derivative award; aggregate $0 reported).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote (F1): The dividend-equivalent rights accrue on unvested RSUs and vest proportionately with those RSUs; each right is the economic equivalent of one share of Class A common stock.
• Exhibit: Exhibit 24 — Power of Attorney included.

Context
Dividend-equivalent rights are a form of compensation that mirror the economic value of shares and typically vest along with the underlying RSUs; they are not an open-market purchase or sale by the insider. Such grants are standard compensation and do not, by themselves, signal insider buying interest.