Burgdoerfer Stuart B 4

What Happened
Stuart B. Burgdoerfer, a director of Arhaus, Inc. (ARHS), received a grant of 22,960 restricted stock units (RSUs) on May 14, 2026. On May 15, 2026 a total of 16,942 derivative units (16,110 RSUs + 832 dividend-equivalent units) converted/exercised into the same number of Class A common shares at $0.00 per share. The filing shows the RSU/derivative rights were canceled on conversion; no shares were sold and no cash was exchanged.

Key Details

• Transaction dates: Grant on 2026-05-14; conversion/vesting on 2026-05-15. Filing date: 2026-05-18 (timely).
• Prices: $0.00 per share (standard for RSU vesting/conversion).
• Shares acquired via conversion: 16,942 shares (16,110 + 832).
• Grant awarded: 22,960 RSUs (some remain subject to vesting).
• Footnotes: F1–F5 explain RSUs and Dividend Equivalent Rights are contingent on continuous service; certain RSUs vested/converted on May 15, 2026 and dividend equivalents vest proportionately. Remaining RSUs subject to scheduled vesting.
• Shares owned after transaction: the filing excerpt does not state total post-transaction holdings; net increase in owned shares from these events is 16,942.

Context

• This was a compensation-related conversion of derivatives (RSUs and dividend equivalents) into common shares, not an open-market purchase or sale — a routine equity award/vesting event.
• "Disposed" entries in the Form 4 refer to the cancellation of the derivative awards upon conversion, not the sale of shares for proceeds.
• Such grant/vesting filings are common for executives/directors as part of pay and usually do not by themselves indicate a buy/sell signal.