Wasatch Advisors Discloses 23.6% Ownership in Arhaus (ARHS)

Rhea-AI Filing Summary

Wasatch Advisors LP reports beneficial ownership of 12,703,259 shares of Arhaus, Inc. Class A common stock, representing 23.6% of the class. Wasatch reports sole dispositive power over all 12,703,259 shares and sole voting power over 8,986,172 shares, with no shared voting or dispositive power. The filing identifies Wasatch as an investment adviser organized in Delaware.

The filer certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Arhaus. These figures indicate a substantial passive stake but do not assert an intent to seek control.

Positive

• Material economic stake: Wasatch reports ownership of 12,703,259 shares (23.6%), a significant holding that signals strong investor interest.
• Full dispositive control: Wasatch has sole dispositive power over all 12,703,259 shares, allowing it to direct sales or transfers without shared disposition constraints.
• Declared passive posture: The filer certifies holdings were acquired and are held in the ordinary course of business and not to influence control, reducing immediate governance escalation risk.

Negative

• Voting vs economic ownership mismatch: Sole voting power is 8,986,172 shares, which is less than the dispositive position, meaning Wasatch cannot vote the entirety of its economic stake.
• Concentration risk: A single holder controlling 23.6% of the class creates potential concentration risk for other shareholders if the position is later reallocated or disposed.

Insights

Financial Analyst

Wasatch holds a material, near-quarter stake but reports passive intent; ownership concentration is notable.

Wasatch Advisors LP reports ownership of 12.7 million Class A shares, equal to 23.6% of the class. Sole dispositive power over the full position indicates control over disposition decisions, while sole voting power of 8.99 million shares means not all economically held shares are voteable by Wasatch. The filing’s certification that the position is held in the ordinary course suggests a passive, non-control posture, which reduces immediate governance implications but leaves sizable influence through economic exposure.

Corporate Governance Expert

Large stake is governance-relevant, but the filer disclaims control intent; monitor for any future Schedule 13D changes.

The reported 23.6% ownership is material from a governance perspective because it creates potential influence over major transactions or shareholder votes. However, Wasatch’s statement that the shares are held in the ordinary course and not to change control classifies this as a Schedule 13G-style passive disclosure. Absent additional arrangements, shared voting/dispositive power is reported as zero, and there is no direct indication of concerted action or control-seeking behavior in this filing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Arhaus, Inc.

(Name of Issuer)

Common Stock Class A

(Title of Class of Securities)

04035M102

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 04035M102

1

Names of Reporting Persons

WASATCH ADVISORS LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 8,986,172.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 12,703,259.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,703,259.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

23.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Arhaus, Inc.
(b)	Address of issuer's principal executive offices: 51 EAST HINES HILL ROAD, 51 EAST HINES HILL ROAD, BOSTON HEIGHTS, OHIO, 44236
Item 2.
(a)	Name of person filing: Wasatch Advisors LP
(b)	Address or principal business office or, if none, residence: 505 Wakara Way, 3rd Floor, Salt Lake City, 84108, United States
(c)	Citizenship: DELAWARE
(d)	Title of class of securities: Common Stock Class A
(e)	CUSIP No.: 04035M102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 12,703,259
(b)	Percent of class: 23.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 8,986,172
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 12,703,259
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

WASATCH ADVISORS LP

Signature:	Mike Yeates
Name/Title:	CEO
Date:	08/13/2025

FAQ

How many ARHS shares does Wasatch Advisors LP report owning?

Wasatch reports beneficial ownership of 12,703,259 shares of Arhaus Class A common stock.

What percentage of Arhaus Class A does Wasatch own (ARHS)?

The reported holding represents 23.6% of the Class A common stock.

How many votes can Wasatch cast for ARHS shares?

Wasatch reports sole voting power over 8,986,172 shares and shared voting power of 0.

Does Wasatch share dispositive power over ARHS shares?

No. The filing shows sole dispositive power over 12,703,259 shares and shared dispositive power of 0.

Is Wasatch seeking to change or influence control of Arhaus (ARHS)?

The filer certifies the securities are held in the ordinary course of business and were not acquired to change or influence control.