Reformation COO reports new grants and option sale

Reformation Inc. Chief Operating Officer Ivan Tchakarov reported a mix of equity awards and option dispositions.

Rhea-AI Filing Summary

Reformation Inc. Chief Operating Officer Ivan Tchakarov reported a mix of equity awards and option dispositions. On July 29, 2026, he received grants of 133,333 shares of common stock and 33,333 RSUs, both at $0.00 per share, plus 58,831 stock options with a $15.00 exercise price that vest over three years. On July 31, 2026, he disposed of fully vested stock options covering 37,396 shares at a $8.04 exercise price and 11,765 shares at a $6.41 exercise price back to the issuer at $13.95 per option in a synthetic secondary transaction connected to the company’s initial public offering.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Tchakarov Ivan

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Disposition	Stock Option (right to buy) F5, F6	37,396	$13.95	$522K
Disposition	Stock Option (right to buy) F5, F6	11,765	$13.95	$164K
Grant/Award	Stock Option (right to buy) F4	58,831	$0.00	$0.00
Grant/Award	Common Stock F1	133,333	$0.00	$0.00
Grant/Award	Common Stock F2, F3	33,333	$0.00	$0.00

Holdings After Transaction: Stock Option (right to buy) — 574,421 contracts (Direct); Common Stock — 186,835 shares (Direct)

Footnotes (6)

1. F1. Represents a grant of restricted stock units ("RSUs"), which vest in two equal annual installments in each of the first and second anniversaries of the grant date, subject to the reporting person's continued employment with the Issuer through the applicable vesting date. Each RSU represents a contingent right to receive one share of common stock.
2. F2. Represents a grant of RSUs, which vest in three equal annual installments in each of the first, second and third anniversaries of the grant date, subject to the reporting person's continued employment with the Issuer through the applicable vesting date.
3. F3. Includes 166,666 shares of common stock underlying RSUs.
4. F4. One-third of the options vest on the first anniversary of the grant date, and the remainder vest in equal quarterly installments on each of the eight quarterly anniversaries of the grant date following the first anniversary of the grant date, such that the stock options will become fully vested on the third anniversary of the grant date, in each case subject to the reporting person's continued employment with the Issuer through the applicable vesting date.
5. F5. Represents securities purchased by the Issuer in a synthetic secondary transaction in connection with the Issuer's initial public offering.
6. F6. These options are fully vested.

Key Figures

Common stock grant: 133,333 shares RSU grant: 33,333 shares Option grant shares: 58,831 shares +3 more

6 metrics

Common stock grant 133,333 shares Common stock granted on July 29, 2026 at $0.0000 per share

RSU grant 33,333 shares RSUs granted on July 29, 2026, vesting annually over three years

Option grant shares 58,831 shares Stock options granted on July 29, 2026 with $15.00 exercise price, expiring 2036-07-29

Options disposed (series 1) 37,396 shares Fully vested stock options disposed to issuer at $13.95, exercise price $8.04, expiring 2034-05-01

Options disposed (series 2) 11,765 shares Fully vested stock options disposed to issuer at $13.95, exercise price $6.41, expiring 2036-06-21

RSU underlying shares held 166,666 shares Shares of common stock underlying RSUs included in reported holdings

Key Terms

restricted stock units, synthetic secondary transaction, initial public offering, stock options

4 terms

restricted stock units financial

"Represents a grant of restricted stock units ("RSUs"), which vest in two equal annual"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

synthetic secondary transaction financial

"Represents securities purchased by the Issuer in a synthetic secondary transaction in"

initial public offering financial

"synthetic secondary transaction in connection with the Issuer's initial public offering."

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

stock options financial

"such that the stock options will become fully vested on the third anniversary"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity awards did REF COO Ivan Tchakarov receive on July 29, 2026?

Tchakarov received 133,333 shares of common stock, 33,333 RSUs, and 58,831 stock options with a $15.00 exercise price, all granted on July 29, 2026, as reported by Reformation Inc. (REF).

How do the RSUs granted to REF COO Ivan Tchakarov vest?

One RSU grant vests in two equal annual installments over two years, and another in three equal annual installments over three years, in each case subject to Tchakarov’s continued employment with Reformation Inc. (REF) through the applicable vesting dates.

What stock options did REF COO Ivan Tchakarov dispose of to the issuer?

He disposed of fully vested stock options for 37,396 shares with a $8.04 exercise price and 11,765 shares with a $6.41 exercise price, at $13.95 per option, in transactions coded as dispositions to Reformation Inc. (REF).

What is the exercise price and vesting schedule of the new REF stock options?

The new stock options cover 58,831 shares of common stock at a $15.00 exercise price. One-third vests on the first anniversary of the grant date, with the remainder vesting quarterly over the next eight quarters, fully vesting after three years.

What does the synthetic secondary transaction in REF’s Form 4 mean?

The filing states the disposed options represent securities purchased by the issuer in a synthetic secondary transaction in connection with Reformation Inc.’s (REF) initial public offering, and are reported as dispositions to the issuer at $13.95 per option.

How many REF shares underlying RSUs does Ivan Tchakarov hold after these grants?

A footnote states his reported holdings include 166,666 shares of common stock underlying RSUs. This figure reflects RSU-based common stock exposure as part of his overall Reformation Inc. (REF) equity position.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/13/2026 - 11:50 AM Accepted by SEC EDGAR 07/31/2026 - 09:52 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^*

Tchakarov Ivan

(Last) (First) (Middle)

5801 S. 2ND ST.

(Street)

VERNON CALIFORNIA 90058

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Reformation Inc. [ REF ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2026

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 Stock	07/29/2026		A		133,333(1)	A	$0	153,502	D
Common Stock	07/29/2026		A		33,333(2)	A	$0	186,835(3)	D

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
Stock Option (right to buy)	$15	07/29/2026		A		58,831		(4)	07/29/2036	Common Stock	58,831	$0	58,831	D
Stock Option (right to buy)	$8.04	07/31/2026		D			37,396(5)	(6)	05/01/2034	Common Stock	37,396	$13.95	515,590	D
Stock Option (right to buy)	$6.41	07/31/2026		D			11,765(5)	(6)	06/21/2036	Common Stock	11,765	$13.95	0	D

Explanation of Responses:

1. Represents a grant of restricted stock units ("RSUs"), which vest in two equal annual installments in each of the first and second anniversaries of the grant date, subject to the reporting person's continued employment with the Issuer through the applicable vesting date. Each RSU represents a contingent right to receive one share of common stock.

2. Represents a grant of RSUs, which vest in three equal annual installments in each of the first, second and third anniversaries of the grant date, subject to the reporting person's continued employment with the Issuer through the applicable vesting date.

3. Includes 166,666 shares of common stock underlying RSUs.

4. One-third of the options vest on the first anniversary of the grant date, and the remainder vest in equal quarterly installments on each of the eight quarterly anniversaries of the grant date following the first anniversary of the grant date, such that the stock options will become fully vested on the third anniversary of the grant date, in each case subject to the reporting person's continued employment with the Issuer through the applicable vesting date.

5. Represents securities purchased by the Issuer in a synthetic secondary transaction in connection with the Issuer's initial public offering.

6. These options are fully vested.

	/s/ Christina Halliday, as attorney-in-fact	07/31/2026
	** 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)