Lee Michael Alan 4

What Happened

• Michael Alan Lee, Chief Financial Officer of Arhaus, had 42,065 shares issued to him on May 12, 2026 through conversion/settlement of restricted stock units and related dividend-equivalent rights. Of those shares, 12,241 were withheld to satisfy tax withholding obligations at $5.90/share (total tax withholding ≈ $72,222). Net shares received: 29,824.
• This was a compensation-related vesting/net-settlement event (not an open-market buy or sell). Gross value of the vested shares using the $5.90 figure is ≈ $248,184; net value retained after withholding is ≈ $175,962.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (timely filing).
• Reported transaction codes: M = exercise/conversion of derivative (RSUs/dividend equivalents); F = shares withheld to satisfy tax withholding.
• Items reported:
  • M: 40,000 shares acquired (conversion) @ $0.00
  • M: 2,065 shares acquired (conversion) @ $0.00
  • F: 12,241 shares disposed (withheld for taxes) @ $5.90 = $72,222
• Net shares retained after withholding: 42,065 − 12,241 = 29,824.
• Shares owned after the transaction: not specified in the supplied filing details.
• Relevant footnotes: RSUs/Dividend Equivalent Rights convert to one share each upon vesting, vesting is conditioned on continued service and follows a 5-year schedule from May 12, 2025; withholding per F3 was for income tax obligations.

Context

• This was a routine compensation vesting and net-settlement (cashless) withholding to cover taxes, not a market buy or sale. Such transactions are common for executive equity compensation and do not by themselves indicate a buy/sell sentiment.
• Transaction codes: M indicates conversion/settlement of a derivative award (here RSUs), and F indicates shares withheld to satisfy tax obligations.