Hargarten Christina 4

What Happened
Christina Hargarten, RH’s Chief Accounting Officer, had 1,125 restricted stock units (RSUs) vest on March 30, 2026 and those RSUs converted into 1,125 shares. The Form 4 lists the acquisition of 1,125 shares (derivative conversion) and a simultaneous disposition of 1,125 shares at $0.00. No cash proceeds are reported on the disposal line.

Key Details

• Transaction date: March 30, 2026; Form filed April 1, 2026 (appears timely).
• Reported transactions: 1,125 shares acquired via conversion of RSUs (code M) and 1,125 shares disposed at $0.00 (derivative).
• Price/Value: acquisition shows N/A; disposal shows $0.00 (no cash proceeds reported).
• Shares owned after transaction: not specified in the provided filing extract.
• Relevant footnotes:
  • F1: Each restricted stock unit represents a contingent right to one RH common share.
  • F2: The 1,125 shares represent 15% of a 7,500 RSU award granted Jan 31, 2022 that vested on March 30, 2026 per the award’s staggered schedule.
• Interpretation of codes: M indicates exercise/conversion of a derivative (here, RSU vesting). A disposal at $0 often reflects net settlement or withholding for taxes, though the filing itself simply reports the acquisition and disposition.

Context
This was an RSU vesting event rather than an open-market buy or sale. Vesting converts the contingent RSUs into shares; the simultaneous $0.00 disposal line is commonly used when shares are withheld or otherwise not sold for cash to satisfy tax withholding or similar obligations. Such administrative conversions/withholdings are routine and do not necessarily indicate a change in the insider’s market view.