CEO John P. Reed transfers 421,350 Class B shares to employees; retains ~94% voting power

Arhaus, Inc.

Transfer of Class B shares to non-Section 16 officers on December 20, 2021, based on tenure.
Transferred shares automatically convert to Class A common stock upon transfer.
Shares subject to same IPO lock-up restrictions as original Class B shares.
Post-transfer, Reed and family trusts own 87,115,600 Class B and 11,100 Class A shares (94.27% voting power).

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