VELTRI KATHY E 4

What Happened Kathy E. Veltri, Chief Retail Officer of Arhaus, had Performance Share Units (PSUs) that vested and converted into 9,255 shares of Class A common stock on March 16, 2026. The company withheld 2,694 shares to satisfy income tax withholding obligations (at $7.33 per share, totaling $19,747), leaving Veltri with 6,561 net shares. This was a settlement of earned equity awards, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-16; reported on Form 4 filed 2026-03-18 (timely).
• Reported actions: conversion/exercise of derivative (PSUs) (code M) — 9,255 shares @ $0.00; tax withholding (code F) — 2,694 shares withheld @ $7.33 ($19,747).
• Net shares received: 6,561 (9,255 vested − 2,694 withheld).
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1 notes PSUs were granted 3/10/2023 and vested based on three‑year performance through 12/31/2025; F2 confirms each PSU converts to one share; F3 explains the withheld shares satisfied tax withholding/remittance.

Context This was a routine equity award settlement (performance‑based PSUs) and represents compensation being paid out upon achievement of performance goals. The withholding of shares to cover taxes is common and does not reflect an open‑market sale or buy. For retail investors, award vesting signals executive compensation realized but is not by itself a directional “buy” or “sell” signal.