Reed John P 4
4 · Arhaus, Inc. · Filed Jan 5, 2022
Insider Transaction Report
Form 4
Arhaus, Inc.ARHS
Reed John P
DirectorCEO and Chairman10% Owner
Transactions
- Gift
Class B Common Stock
2022-01-03−7,035,433→ 0 total(indirect: By GRAT)Exercise: $0.00→ Class A Common Stock (7,035,433 underlying)
Holdings
- 10,000
Class A Common Stock
- 2,982,988
Class B Common Stock
Exercise: $0.00→ Class A Common Stock (2,982,988 underlying) - 100(indirect: As Custodian)
Class A Common Stock
- 1,000(indirect: By Trust)
Class A Common Stock
- 42,095,271(indirect: By Trust)
Class B Common Stock
Exercise: $0.00→ Class A Common Stock (42,095,271 underlying)
Footnotes (2)
- [F1]Upon termination of The John P. Reed 2019 GRAT (the "GRAT"), 7,035,433 shares of Class B Common Stock were transferred to the 2018 Reed Dynasty Trust, the holder of the residual interest of the GRAT on January 3, 2022. The transfer of shares of Class B Common Stock to the recipient trust constitutes a "Permitted Transfer" as defined in the Issuer's Amended and Restated Certificate of Incorporation. Accordingly, following the transfer, the shares remain shares of Class B Common Stock.
- [F2]Class B Common Stock is convertible into an equal number of shares of Class A Common Stock at any time, at the holder's election, and it is automatically convertible upon the terms and conditions set forth in the Issuer's Amended and Restated Certificate of Incorporation, and has no expiration date.