ROST insider Michael Balmuth discloses 383-share gift; 59,503 stake

Rhea-AI Filing Summary

Ross Stores, Inc. insider Michael Balmuth, who serves as Executive Chairman and a director, reported a transaction dated 10/09/2025 disclosing a gifting disposal of 383 shares of common stock (Transaction Code G(1)) at a $0 price. After the reported transaction, the filing shows Mr. Balmuth beneficially owns 59,503 shares in total. The report also notes that the ownership total includes two recent employee stock purchase plan purchases of 48 shares each on 6/30/2025 and 9/30/2025, transactions exempt under Rule 16b-3. The form is signed by an authorized filer on behalf of Mr. Balmuth on 10/10/2025. This filing records an insider transfer by gift and confirms continued disclosure of his remaining stake.

Positive

• Timely disclosure of the 383-share gift on Form 4 (transaction dated 10/09/2025)
• Clear ownership reconciliation showing 59,503 shares beneficially owned after the transaction
• ESPP purchases documented (48 shares on 6/30/2025 and 48 shares on 9/30/2025) and noted as exempt under Rule 16b-3

Negative

• Reduction in direct holdings by 383 shares due to a gift (may have tax or estate implications)
• Form filed by agent (signature by authorized filer) rather than the reporting person, which requires investor reliance on agent accuracy

Insights

Corporate Governance Analyst

Insider reported a small, documented gift reducing holdings; disclosure complies with Section 16 timing.

The 383-share disposition is coded as a bona fide gift (G(1)), indicating a non-sale transfer rather than a market sale. The report shows 59,503 shares beneficially owned after the transfer, which includes two small ESPP acquisitions of 48 shares each earlier in the year.

Key dependencies are timely filing and accuracy of the ownership tally; investors can use the 10/09/2025 transaction date and the 10/10/2025 filing signature to verify compliance within Section 16 reporting windows.

Insider Transactions Specialist

Small-volume gift likely immaterial to control but relevant for transparency and tax/estate considerations.

The amount disposed (383 shares) represents a small fraction of the reported holding (59,503), so there is no immediate signal of strategic portfolio change or loss of control. The filing also documents ESPP purchases which were exempt under Rule 16b-3.

Watch for any subsequent Section 16 filings that would show additional non-exempt sales or acquisitions; absent larger transactions, this filing is primarily a compliance disclosure rather than a material change in ownership.

Insider Trade Summary

383 shares gifted

Mixed 1 txn

Insider BALMUTH MICHAEL

Role EXECUTIVE CHAIRMAN

Type	Security	Shares	Price	Value
Gift	Common Stock	383	$0.00	--

Holdings After Transaction: Common Stock — 59,503 shares (Direct)

Footnotes (1)

1. Bona Fide Gift Securities Beneficially Owned includes 48 shares acquired on 6/30/2025 and 48 shares acquire on 9/30/2025 pursuant to issuer's employee stock purchase plan in a transaction exempt under Rule 16b-3.

Form 4 Insider Transactions: What Each Field Means →

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^*

BALMUTH MICHAEL

(Last) (First) (Middle)

5130 HACIENDA DRIVE

(Street)

DUBLIN CA 94568

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ROSS STORES, INC. [ ROST ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/09/2025

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	10/09/2025		G(1)		383	D	$0	59,503(2)	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

Explanation of Responses:

1. Bona Fide Gift

2. Securities Beneficially Owned includes 48 shares acquired on 6/30/2025 and 48 shares acquire on 9/30/2025 pursuant to issuer's employee stock purchase plan in a transaction exempt under Rule 16b-3.

	/s/ Ken Jew for Michael Balmuth	10/10/2025
	** 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).
** 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.

FAQ

What did Michael Balmuth report on Form 4 for ROST?

He reported a 383-share disposition coded as a bona fide gift (Transaction Code G(1)) with 59,503 shares beneficially owned after the transaction.

When was the ROST transaction dated and filed?

The transaction date is 10/09/2025 and the Form 4 was signed/filed on 10/10/2025.

Does the filing show any purchases by Balmuth in 2025?

Yes. The beneficial ownership total includes two ESPP acquisitions of 48 shares on 6/30/2025 and 9/30/2025, exempt under Rule 16b-3.

What does Transaction Code G(1) mean on Form 4?

Code G(1) denotes a bona fide gift, indicating the securities were transferred as a gift rather than sold for cash.

How significant is the 383-share gift relative to Balmuth's holdings?

The 383 shares are a small portion of the total 59,503 shares reported, so the filing does not indicate a major change in ownership percentage.