Lee Michael Alan 4

What Happened

• Michael Alan Lee, Chief Financial Officer of Arhaus, Inc. (ARHS), was granted 20,649 derivative units on March 31, 2026. The award is reported on Form 4 as an "A" (award/grant) and shows an acquisition price of $0.00 — this reflects a dividend-equivalent entitlement tied to unvested restricted stock units (RSUs), not a cash purchase of shares.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-02 (filed within the typical two-business-day Form 4 window).
• Award size: 20,649 dividend-equivalent units; reported price: $0.00 (derivative award).
• Nature of award: dividend equivalent rights that accrue on unvested RSUs and vest proportionately with those RSUs (see footnote F1).
• Shares owned after transaction: not specified in the provided excerpt of the filing — consult the full Form 4 for total holdings.
• No indication of a sale or purchase of underlying shares in this report; this is compensation-related.

Context

• Dividend-equivalent rights are the economic equivalent of shares for dividend purposes and typically track the RSU vesting schedule; they generally do not provide immediate transferable shares or necessarily signal buying/selling intent. This is a compensation grant rather than an open-market purchase or sale.