[Form 4] RH Insider Trading Activity

Rhea-AI Filing Summary

Mark S. Demilio, an RH director, exercised a fully vested stock option to acquire 20,000 shares on 09/16/2025 at an exercise price of $38.04 per share. The reporting shows 20,000 underlying shares from the option and a total of 32,717 shares beneficially owned directly after the transactions. The filing also reports 3,298 shares withheld by the company in settlement of taxes from the option exercise and additional indirect holdings: 9,914 shares held by The Mark S. Demilio Revocable Trust and 19,425 shares held by The Theresa E. Demilio 2012 Family Trust, of which Mr. Demilio is a beneficiary and co-trustee.

Insights

Corporate Governance Expert

TL;DR: Routine insider option exercise and tax withholding; no new authority changes or aggregate dilution.

The Form 4 discloses a standard exercise of a fully vested option for 20,000 shares at $38.04, with 3,298 shares withheld to satisfy tax obligations. This is a routine liquidity event that reflects an insider monetizing vested compensation rather than a sale in the open market. Beneficial ownership remains clearly documented with direct and trust holdings, and there is no indication of new grants, departures, or governance actions in this filing.

Securities Analyst

TL;DR: Transaction is operationally significant for insider holdings but unlikely to materially affect RH's market capitalization.

The reporting person increased direct holdings via option exercise for 20,000 shares while netting 3,298 shares surrendered for tax withholding. The filing confirms the option award was fully vested and identifies trust-held indirect ownership totaling 29,339 shares across two trusts. From a shareholder-impact perspective, this disclosure clarifies insider stake levels but does not indicate a market-disruptive transfer of large blocks or an issuance that would meaningfully change share count.

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

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

1. Name and Address of Reporting Person^*

DEMILIO MARK S

(Last) (First) (Middle)

C/O RH

15 KOCH ROAD, SUITE K

(Street)

CORTE MADERA CA 94925

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RH [ RH ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025

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

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

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

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	09/16/2025		M		20,000	A	$38.04	32,717	D
Common Stock	09/16/2025		F		3,298(1)	D	$230.7	29,419	D
Common Stock								9,914	I	By Trust(2)
Common Stock								19,425	I	By Trust(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
Stock Option (Right to Buy)	$38.04	09/16/2025		M			20,000	(4)	03/09/2026	Common Stock	20,000	$0	0	D

Explanation of Responses:

1. Represents shares of common stock withheld by the Company in full settlement of the net exercise of options by the reporting person.

2. Held by The Mark S. Demilio Revocable Trust.

3. Held by The Theresa E. Demilio 2012 Family Trust, of which Mr. Demilio is beneficiary and Co-Trustee.

4. This option award is fully vested.

	/s/ Jill Falor, Attorney-in-Fact	09/18/2025
	** 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).
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