RH announces 3-for-1 stock split; CEO Friedman plans to exercise IPO options and sell 1.7M shares

CEO Gary Friedman to exercise 2.9M expiring IPO options and sell ~1.7M shares to fund exercise and tax obligations.
After sale, Friedman retains ~5.7M shares, representing ~21% of RH common stock outstanding.
RH announces intention to execute a 3-for-1 stock split, citing share price appreciation since 2012 IPO.
Stock split expected to be executed in spring 2022; aimed at recruitment and retention of talent.

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