Chaya Eri 4/A
Research Summary
AI-generated summary
RH Director Chaya Eri Exercises Stock Options Worth $985.5K
What Happened
Chaya Eri — RH's President, Co‑Chief Creative and Merchandising Officer and Director — exercised stock options on April 6, 2026 to acquire 25,000 RH shares at an exercise price of $39.42 per share, for a total cash cost of $985,500. The filing also reports a related derivative conversion entry for 25,000 shares with no cash proceeds; a footnote clarifies the 25,000 shares acquired were subsequently transferred to the Chaya‑Smith Revocable Trust.
Key Details
- Transaction date: 2026-04-06. Exercise price: $39.42; shares acquired: 25,000; total cost: $985,500.
- Derivative conversion/disposition line: 25,000 shares reported at $0.00 (reflects conversion/transfer).
- Footnotes: Shares were acquired directly upon exercise and then transferred to the Chaya‑Smith Revocable Trust (F1). The option award was fully vested and exercisable (F2).
- Filing: This is an AMENDED Form 4 (original filed 2026-04-07 contained a template error); amendment filed 2026-04-09. Because the amendment was filed three days after the transaction, the filing may be considered late relative to the typical two-business‑day SEC reporting window.
- Shares owned after the transaction: not disclosed in this filing.
Context
This transaction was an exercise of vested options (derivative -> shares), not an open‑market purchase or sale. The shares were not reported as sold immediately (no cashless sale); instead they were transferred to a revocable trust, which is a common post‑exercise step for estate/tax planning and does not itself indicate a buy/sell signal for the market. The amendment corrects the previous filing text and replaces the original Form 4 in full.