Medirom (MRM) insider makes zero-dollar share transfer

Rhea-AI Filing Summary

Medirom Healthcare Technologies Inc. (MRM) reported that Chief Executive Officer and director Eguchi Kouji disposed of 79,945 Common Shares on 2026-08-27 in a transaction coded "J". According to a footnote, these shares were transferred to an unrelated third party for no consideration. After this disposition, Eguchi directly held 1,797,515 Common Shares. Additional indirect holdings are reported through American Depositary Shares and COZY LLC, a Japanese limited liability company wholly owned and controlled by Eguchi.

Insider Trade Summary

Net Seller: 79,945 shares

Net Sell 3 txns

Insider Eguchi Kouji

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Other	Common Shares F1	79,945	$0.00	$0.00
holding	Common Shares F2, F3	--	--	--
holding	Common Shares F3	--	--	--

Holdings After Transaction: Common Shares — 1,797,515 shares (Direct); Common Shares — 47,543 shares (Indirect, See footnote)

Footnotes (3)

1. F1. The reporting person transferred the common shares to an unrelated third party for no consideration.
2. F2. Represents common shares held by the reporting person underlying 22,543 American Depositary Shares..
3. F3. The shares are directly held by COZY LLC, a limited liability company (godo kaisha) organized under the laws of Japan that is wholly owned and controlled by the reporting person.

Key Figures

Common Shares disposed: 79,945 shares Price per share: $0.00 per share Direct holdings after transaction: 1,797,515 Common Shares +2 more

5 metrics

Common Shares disposed 79,945 shares Transferred to an unrelated third party for no consideration on 2026-08-27

Price per share $0.00 per share Reported transaction price for the 79,945 Common Shares transferred

Direct holdings after transaction 1,797,515 Common Shares Total Common Shares directly held by Eguchi Kouji following the disposition

ADS underlying shares 22,543 American Depositary Shares Footnote states this represents common shares held underlying these ADS

Restructuring shares 79,945 shares Classified in the summary as restructuring-related shares under transaction code J

Key Terms

American Depositary Shares, limited liability company (godo kaisha), transaction code J

3 terms

American Depositary Shares financial

"Represents common shares held by the reporting person underlying 22,543 American Depositary Shares."

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

limited liability company (godo kaisha) financial

"COZY LLC, a limited liability company (godo kaisha) organized under the laws of Japan"

transaction code J regulatory

"transaction code "J" described as Other acquisition or disposition"

FAQ

What insider transaction did MRM report for Eguchi Kouji on this Form 4?

MRM reported that Eguchi Kouji disposed of 79,945 Common Shares on 2026-08-27 in a transaction coded "J", which is described as another type of acquisition or disposition.

How many MRM shares does Eguchi Kouji hold directly after this transaction?

After the reported transaction, Eguchi Kouji directly held 1,797,515 Common Shares of Medirom Healthcare Technologies Inc., as stated in the filing.

Was the MRM share transfer by Eguchi Kouji a sale for cash?

No. A footnote states that the reporting person transferred the common shares to an unrelated third party for no consideration, meaning there was no cash or other consideration received.

Are there any indirect holdings of MRM reported for Eguchi Kouji?

Yes. The filing notes common shares held underlying 22,543 American Depositary Shares and shares held by COZY LLC, a Japanese limited liability company wholly owned and controlled by Eguchi.

Was Eguchi Kouji’s MRM transaction under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote indicating the disposition was made pursuant to a Rule 10b5-1 trading plan.

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Available on EDGAR 08/28/2026 - 09:00 PM Accepted by SEC EDGAR 08/28/2026 - 09:00 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Eguchi Kouji

(Last) (First) (Middle)

2-3-1 DAIBA

MINATO-KU

(Street)

TOKYO 135-0091

(City) (State) (Zip)

JAPAN

(Country)

2. Issuer Name and Ticker or Trading Symbol
Medirom Healthcare Technologies Inc. [ MRM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	08/27/2026		J(1)		79,945	D	$0(1)	1,797,515	D
Common Shares								22,543(2)	I	See footnote(3)
Common Shares								25,000	I	See footnote(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person transferred the common shares to an unrelated third party for no consideration.

2. Represents common shares held by the reporting person underlying 22,543 American Depositary Shares..

3. The shares are directly held by COZY LLC, a limited liability company (godo kaisha) organized under the laws of Japan that is wholly owned and controlled by the reporting person.

	/s/ Kouji Eguchi	08/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)