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[Form 4] TPG RE Finance Trust, Inc. Insider Trading Activity

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(Neutral)
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Form Type
4
Rhea-AI Filing Summary

Arhaus, Inc. (NASDAQ: ARHS) filed an 8-K announcing a board change. On 27 June 2025 the Board appointed Samir Desai—currently EVP & Chief Digital and Technology Officer at Abercrombie & Fitch—as an independent Class III director. His initial term runs until the 2027 annual meeting, after which he is expected to stand for re-election. Desai will sit on the Board’s Technology Committee, bringing extensive omnichannel retail and IT leadership experience from Abercrombie & Fitch, Equinox Group and Intertex Apparel Group. To accommodate the appointment, the Board’s size rises from ten to eleven directors. Compensation will mirror that of Arhaus’s other non-employee directors and no related-party transactions were reported. Exhibit 104 (Inline XBRL cover page) accompanies the filing.

Arhaus, Inc. (NASDAQ: ARHS) ha presentato un modulo 8-K per annunciare un cambiamento nel consiglio di amministrazione. Il 27 giugno 2025, il Consiglio ha nominato Samir Desai, attualmente EVP e Chief Digital and Technology Officer presso Abercrombie & Fitch, come direttore indipendente di Classe III. Il suo mandato iniziale durerà fino all'assemblea annuale del 2027, dopo la quale si prevede che si ricandidi. Desai farà parte del Comitato Tecnologico del Consiglio, apportando una vasta esperienza nella leadership IT e nel retail omnicanale, maturata in Abercrombie & Fitch, Equinox Group e Intertex Apparel Group. Per accogliere questa nomina, il numero dei membri del Consiglio passa da dieci a undici. La sua retribuzione sarà allineata a quella degli altri direttori non dipendenti di Arhaus e non sono state segnalate transazioni con parti correlate. Alla presentazione è allegato l'Exhibit 104 (pagina di copertura Inline XBRL).

Arhaus, Inc. (NASDAQ: ARHS) presentó un formulario 8-K anunciando un cambio en la junta directiva. El 27 de junio de 2025, la Junta nombró a Samir Desai, actualmente EVP y Director Digital y de Tecnología en Abercrombie & Fitch, como director independiente de Clase III. Su mandato inicial se extiende hasta la reunión anual de 2027, después de la cual se espera que se presente a la reelección. Desai formará parte del Comité de Tecnología de la Junta, aportando una amplia experiencia en liderazgo de TI y comercio minorista omnicanal, adquirida en Abercrombie & Fitch, Equinox Group y Intertex Apparel Group. Para acomodar este nombramiento, el tamaño de la Junta aumentó de diez a once directores. La compensación será equivalente a la de los otros directores no empleados de Arhaus y no se reportaron transacciones con partes relacionadas. La presentación incluye el Exhibit 104 (página de portada Inline XBRL).

Arhaus, Inc. (NASDAQ: ARHS)� 이사� 변경을 발표하는 8-K 보고서를 제출했습니다. 2025� 6� 27�, 이사회는 현재 Abercrombie & Fitch� EVP � 최고 디지� � 기술 책임자인 Samir Desai� 독립적인 클래� III 이사� 임명했습니다. 그의 초기 임기� 2027� 연례 총회까지이며, 이후 재선� 나설 예정입니�. Desai� 이사회의 기술 위원회에 참여하여 Abercrombie & Fitch, Equinox Group � Intertex Apparel Group에서 쌓은 광범위한 옴니채널 소매 � IT 리더� 경험� 제공� 것입니다. � 임명� 수용하기 위해 이사� 규모� 10명에� 11명으� 늘어났습니다. 보수� Arhaus� 다른 비직� 이사들과 동일하며 관� 당사� 거래� 보고되지 않았습니�. 제출 서류에는 Exhibit 104 (인라� XBRL 표지 페이지)가 포함되어 있습니다.

Arhaus, Inc. (NASDAQ : ARHS) a déposé un formulaire 8-K annonçant un changement au sein du conseil d'administration. Le 27 juin 2025, le conseil a nommé Samir Desai � actuellement EVP et Chief Digital and Technology Officer chez Abercrombie & Fitch � en tant qu'administrateur indépendant de classe III. Son mandat initial court jusqu'à l'assemblée générale annuelle de 2027, à l'issue de laquelle il devrait se représenter. Desai siègera au comité technologique du conseil, apportant une vaste expérience en leadership IT et commerce omnicanal acquise chez Abercrombie & Fitch, Equinox Group et Intertex Apparel Group. Pour accueillir cette nomination, la taille du conseil passe de dix à onze membres. Sa rémunération sera alignée sur celle des autres administrateurs non salariés d'Arhaus et aucune transaction avec des parties liées n'a été signalée. Le dépôt est accompagné de l'Exhibit 104 (page de couverture Inline XBRL).

Arhaus, Inc. (NASDAQ: ARHS) hat ein 8-K eingereicht, um eine Änderung im Vorstand bekannt zu geben. Am 27. Juni 2025 ernannte der Vorstand Samir Desai � derzeit EVP und Chief Digital and Technology Officer bei Abercrombie & Fitch � zum unabhängigen Direktor der Klasse III. Seine erste Amtszeit läuft bis zur Hauptversammlung 2027, danach wird erwartet, dass er sich zur Wiederwahl stellt. Desai wird im Technologieausschuss des Vorstands sitzen und bringt umfangreiche Erfahrung in Omnichannel-Einzelhandel und IT-Führung von Abercrombie & Fitch, Equinox Group und Intertex Apparel Group mit. Um die Ernennung zu ermöglichen, erhöht sich die Größe des Vorstands von zehn auf elf Mitglieder. Die Vergütung entspricht der der anderen nicht angestellten Direktoren von Arhaus, und es wurden keine Geschäfte mit verbundenen Parteien gemeldet. Der Einreichung liegt Exhibit 104 (Inline XBRL Titelseite) bei.

Positive
  • Independent director with deep digital retail expertise appointed, supporting Arhaus’s omnichannel strategy.
  • Board expanded to 11 members, enhancing governance breadth without diluting independence.
  • No related-party transactions or conflicts disclosed, minimizing governance risk.
Negative
  • None.

Insights

TL;DR: Routine but positive governance move; adds tech depth without conflicts.

The 8-K reflects sound governance practice. Adding an independent director with proven digital expertise aligns with shareholder interests as Arhaus continues omnichannel expansion. The increase to 11 directors keeps the board size manageable and maintains independence ratios. No compensation anomalies or related-party issues were disclosed, limiting risk. Financial impact is indirect and long-term, so materiality is modest.

TL;DR: Desai’s digital retail track record could accelerate Arhaus’s tech roadmap.

Samir Desai led tech transformations at Abercrombie & Fitch and Equinox, focusing on e-commerce, data analytics and customer experience—areas critical for furniture retailers moving online. His presence on the Technology Committee signals Arhaus’s intent to deepen digital capabilities, potentially driving higher online conversion and omnichannel traffic over time. While strategic upside exists, immediate earnings impact is negligible.

Arhaus, Inc. (NASDAQ: ARHS) ha presentato un modulo 8-K per annunciare un cambiamento nel consiglio di amministrazione. Il 27 giugno 2025, il Consiglio ha nominato Samir Desai, attualmente EVP e Chief Digital and Technology Officer presso Abercrombie & Fitch, come direttore indipendente di Classe III. Il suo mandato iniziale durerà fino all'assemblea annuale del 2027, dopo la quale si prevede che si ricandidi. Desai farà parte del Comitato Tecnologico del Consiglio, apportando una vasta esperienza nella leadership IT e nel retail omnicanale, maturata in Abercrombie & Fitch, Equinox Group e Intertex Apparel Group. Per accogliere questa nomina, il numero dei membri del Consiglio passa da dieci a undici. La sua retribuzione sarà allineata a quella degli altri direttori non dipendenti di Arhaus e non sono state segnalate transazioni con parti correlate. Alla presentazione è allegato l'Exhibit 104 (pagina di copertura Inline XBRL).

Arhaus, Inc. (NASDAQ: ARHS) presentó un formulario 8-K anunciando un cambio en la junta directiva. El 27 de junio de 2025, la Junta nombró a Samir Desai, actualmente EVP y Director Digital y de Tecnología en Abercrombie & Fitch, como director independiente de Clase III. Su mandato inicial se extiende hasta la reunión anual de 2027, después de la cual se espera que se presente a la reelección. Desai formará parte del Comité de Tecnología de la Junta, aportando una amplia experiencia en liderazgo de TI y comercio minorista omnicanal, adquirida en Abercrombie & Fitch, Equinox Group y Intertex Apparel Group. Para acomodar este nombramiento, el tamaño de la Junta aumentó de diez a once directores. La compensación será equivalente a la de los otros directores no empleados de Arhaus y no se reportaron transacciones con partes relacionadas. La presentación incluye el Exhibit 104 (página de portada Inline XBRL).

Arhaus, Inc. (NASDAQ: ARHS)� 이사� 변경을 발표하는 8-K 보고서를 제출했습니다. 2025� 6� 27�, 이사회는 현재 Abercrombie & Fitch� EVP � 최고 디지� � 기술 책임자인 Samir Desai� 독립적인 클래� III 이사� 임명했습니다. 그의 초기 임기� 2027� 연례 총회까지이며, 이후 재선� 나설 예정입니�. Desai� 이사회의 기술 위원회에 참여하여 Abercrombie & Fitch, Equinox Group � Intertex Apparel Group에서 쌓은 광범위한 옴니채널 소매 � IT 리더� 경험� 제공� 것입니다. � 임명� 수용하기 위해 이사� 규모� 10명에� 11명으� 늘어났습니다. 보수� Arhaus� 다른 비직� 이사들과 동일하며 관� 당사� 거래� 보고되지 않았습니�. 제출 서류에는 Exhibit 104 (인라� XBRL 표지 페이지)가 포함되어 있습니다.

Arhaus, Inc. (NASDAQ : ARHS) a déposé un formulaire 8-K annonçant un changement au sein du conseil d'administration. Le 27 juin 2025, le conseil a nommé Samir Desai � actuellement EVP et Chief Digital and Technology Officer chez Abercrombie & Fitch � en tant qu'administrateur indépendant de classe III. Son mandat initial court jusqu'à l'assemblée générale annuelle de 2027, à l'issue de laquelle il devrait se représenter. Desai siègera au comité technologique du conseil, apportant une vaste expérience en leadership IT et commerce omnicanal acquise chez Abercrombie & Fitch, Equinox Group et Intertex Apparel Group. Pour accueillir cette nomination, la taille du conseil passe de dix à onze membres. Sa rémunération sera alignée sur celle des autres administrateurs non salariés d'Arhaus et aucune transaction avec des parties liées n'a été signalée. Le dépôt est accompagné de l'Exhibit 104 (page de couverture Inline XBRL).

Arhaus, Inc. (NASDAQ: ARHS) hat ein 8-K eingereicht, um eine Änderung im Vorstand bekannt zu geben. Am 27. Juni 2025 ernannte der Vorstand Samir Desai � derzeit EVP und Chief Digital and Technology Officer bei Abercrombie & Fitch � zum unabhängigen Direktor der Klasse III. Seine erste Amtszeit läuft bis zur Hauptversammlung 2027, danach wird erwartet, dass er sich zur Wiederwahl stellt. Desai wird im Technologieausschuss des Vorstands sitzen und bringt umfangreiche Erfahrung in Omnichannel-Einzelhandel und IT-Führung von Abercrombie & Fitch, Equinox Group und Intertex Apparel Group mit. Um die Ernennung zu ermöglichen, erhöht sich die Größe des Vorstands von zehn auf elf Mitglieder. Die Vergütung entspricht der der anderen nicht angestellten Direktoren von Arhaus, und es wurden keine Geschäfte mit verbundenen Parteien gemeldet. Der Einreichung liegt Exhibit 104 (Inline XBRL Titelseite) bei.

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*
Banyasz Avi

(Last) (First) (Middle)
C/O TPG RE FINANCE TRUST, INC.
888 SEVENTH AVENUE, 35TH FLOOR

(Street)
NEW YORK NY 10106

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TPG RE Finance Trust, Inc. [ TRTX ]
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)
06/30/2025
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 06/30/2025 F(1) 14,135 D $7.68 126,264 D
Common Stock 14,115 I See Explanation of Responses(2)
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. On June 30, 2025, TPG RE Finance Trust, Inc. (the "Issuer") withheld 14,135 shares of common stock ("Common Stock") of the Issuer from Mr. Avi Banyasz for payment of the tax liability incident to the vesting of shares of Common Stock granted by the Issuer pursuant to the terms of the Issuer's 2017 Equity Incentive Plan.
2. Represents shares of Common Stock that have been awarded by TPG RE Finance Trust Management, L.P. (the "Manager"), the external manager of the Issuer, to Mr. Banyasz in accordance with the terms of a compensatory plan adopted by the Manager. Upon vesting, the shares of Common Stock will be delivered to Mr. Banyasz.
Remarks:
(3) Matthew Coleman is signing on behalf of Mr. Banyasz pursuant to the power of attorney dated January 16, 2020, which was previously filed with the Securities and Exchange Commission.
/s/ Matthew Coleman, By: Matthew Coleman, on behalf of Avi Banyasz (3) 07/02/2025
** 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

Why did Arhaus (ARHS) file an 8-K on 2 July 2025?

The company reported the 27 June 2025 appointment of Samir Desai as an independent director, triggering Item 5.02 disclosure.

Who is the new Arhaus board member and what is his background?

Samir Desai is EVP & Chief Digital and Technology Officer at Abercrombie & Fitch and has over 20 years of retail technology leadership experience.

How long will Samir Desai serve on Arhaus’s Board?

He will serve as a Class III director until the 2027 Annual Meeting, when he is expected to stand for re-election.

Will Desai receive special compensation for joining the Board?

No. His compensation will match that of existing non-employee directors as outlined in Arhaus’s 2025 proxy statement.

Did the board size change with this appointment?

Yes. The Board increased from ten to eleven seats to accommodate Desai’s addition.

Are there any related-party transactions involving Samir Desai and Arhaus?

Arhaus reported none under Item 404(a) of Regulation S-K.
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REIT - Mortgage
AG˹ٷ Estate Investment Trusts
United States
SAN FRANCISCO