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Arhaus, Inc.·4

May 18, 5:25 PM ET

Beargie William 4

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Arhaus (ARHS) Director William Beargie Receives RSUs, Converts to Shares

What Happened
William Beargie, a director of Arhaus, received a grant of 22,960 Restricted Stock Units (RSUs) on May 14, 2026 (reported on a Form 4 filed May 18, 2026). On May 15, 2026, a total of 16,942 derivative units (16,110 and 832 in two line items) were converted/exercised at a $0.00 exercise price (reported as both “acquired” and matching “disposed” derivative entries at $0). The transactions show $0 cash paid or received on the reported conversions; the filing does not state net proceeds or the post-transaction share total.

Key Details

  • Transaction dates: Grant on 2026-05-14; conversions/exercises on 2026-05-15; Form 4 filed 2026-05-18.
  • Prices/values: All reported at $0.00 per share; no dollar amounts reported.
  • Shares involved: 22,960 RSUs granted; 16,942 RSUs converted/exercised on 5/15 (16,110 + 832).
  • Shares owned after transaction: Not disclosed in the filing.
  • Relevant footnotes from the filing:
    • F1: Each RSU represents a contingent right to receive one share of Class A common stock upon vesting.
    • F2: Dividend equivalent rights likewise are contingent rights to receive one share per right on vesting.
    • F3: Shares underlying the RSUs vested on May 15, 2026.
    • F4: Dividend equivalents vest proportionately with the related RSUs.
    • F5: RSUs are subject to continuous service and (generally) vest on the first anniversary of the transaction date.
  • Timeliness: Filed May 18, 2026; this appears to be within the SEC’s two-business-day Form 4 reporting window for the May 14–15 transactions.

Context

  • These were derivative/award transactions (RSU grant and subsequent vesting/conversion), not open-market buys or discretionary sales. Such awards are typically compensation-related and do not by themselves indicate insider confidence or lack thereof.
  • The filing shows matching “acquired” and “disposed” entries for the converted units; filings sometimes show this pattern when shares are immediately transferred or withheld (for tax or settlement reasons), but the Form 4 here does not specify the reason.