Porter Jennifer E 4

What Happened Jennifer E. Porter, Chief Marketing Officer of Arhaus, had Performance Share Units (PSUs) earned for the 2023–2025 performance period and settled on March 16, 2026. The PSUs converted into 9,255 shares of Class A common stock. The company withheld 2,694 of those shares to satisfy income tax withholding obligations (valued at $7.33/share, total withholding ≈ $19,747), leaving a net delivery of approximately 6,561 shares to Ms. Porter. The filing shows the PSU conversion/exercise and the tax-withholding share disposition.

Key Details

• Transaction date: March 16, 2026 (reported on Form 4 filed March 18, 2026).
• Settlement: 9,255 PSUs converted to 9,255 shares (each PSU = one share).
• Tax withholding: 2,694 shares withheld at $7.33/share for $19,747 remitted.
• Net shares delivered to insider: ~6,561 shares (9,255 − 2,694).
• Values implied by filing: gross value ≈ $67,839 (9,255 × $7.33); net value received ≈ $48,092 (6,561 × $7.33).
• Transaction codes: M = exercise/conversion of derivative (PSU settlement); F = tax withholding to cover liabilities.
• Shares owned after the transaction: not specified in the provided filing extract.
• Filing timeliness: Filing was made two days after the transaction date (appears timely under Form 4 rules).

Context This was a PSU settlement (an award that vested based on performance metrics) rather than an open-market buy or sale. The withholding of shares to cover taxes is a routine administrative step (net settlement) and does not necessarily indicate a change in the insider’s view of the company.