[Form 4] ROSS STORES, INC. Insider Trading Activity

Rhea-AI Filing Summary

Jeffrey P. Burrill, Group SVP and CAO of Ross Stores, Inc. (ROST), reported an acquisition on 10/01/2025 of 4,570 shares of common stock under the companys 2017 Equity Incentive Plan at a reported price of $0. After the transaction, he beneficially owned 34,825 shares. The Form 4 discloses the awarded shares vest in two equal tranches of 2,285 shares on 9/08/2028 and 9/14/2029. The filing also notes Employee Stock Purchase Plan purchases of 41, 48, and 48 shares on 3/31/2025, 6/30/2025, and 9/30/2025, respectively. The report is signed on behalf of Mr. Burrill on 10/03/2025.

Positive

• 4,570 shares awarded under the 2017 Equity Incentive Plan, reinforcing retention incentives
• Vesting schedule disclosed: 2,285 shares on 9/08/2028 and 2,285 shares on 9/14/2029
• Insider beneficial ownership increased to 34,825 shares
• Employee Stock Purchase Plan purchases of 41, 48, and 48 shares show participation in company ESPP

Negative

• None.

Insights

Corporate Governance Analyst

Insider received equity award that vests over multi-year schedule; ownership increased to 34,825 shares.

The Form 4 shows a non-cash award of 4,570 shares under the 2017 Equity Incentive Plan, indicating compensation aligned with long-term retention through vesting on 9/08/2028 and 9/14/2029. Such grants are routine for senior officers and increase insider alignment with shareholders without immediate dilution from a market purchase.

Compensation Analyst

Grant structure and timing indicate long-term incentive pay rather than immediate cash purchase.

The reported $0 price and scheduled vesting confirm these shares are an equity award rather than an open-market buy. The filing additionally documents small ESPP acquisitions totaling 137 shares in 2025, which represent separate employee-funded purchases.

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^*

Burrill Jeffrey P

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Group SVP, CAO & CORP CONTROLL

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		A		4,570(1)	A	$0	34,825(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. Shares issued under the terms of the 2017 Equity Incentive Plan. Shares become vested as follows: 2,285 shares on September 8, 2028; 2,285 shares on September 14, 2029.

2. Securities Beneficially Owned includes 41 shares acquired on 3/31/2025, 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 Jeffrey P. Burrill	10/03/2025
	** 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 Jeffrey P. Burrill report in the ROST Form 4?

Mr. Burrill reported an award of 4,570 common shares under the 2017 Equity Incentive Plan on 10/01/2025, increasing his beneficial ownership to 34,825 shares.

What is the vesting schedule for the shares reported on ROST Form 4?

The award vests in two tranches: 2,285 shares on 9/08/2028 and 2,285 shares on 9/14/2029.

Were any shares purchased through an ESPP disclosed in the ROST filing?

Yes. The filing shows ESPP purchases of 41 shares on 3/31/2025, 48 shares on 6/30/2025, and 48 shares on 9/30/2025.

What price was reported for the awarded shares on the ROST Form 4?

The Form 4 reports a price of $0 for the 4,570 shares, indicating an equity award rather than a market purchase.

Who signed the ROST Form 4 and when was it signed?

The Form 4 was signed by /s/ Ken Jew for Jeffrey P. Burrill on 10/03/2025.