RH (NYSE:RH) CEO Gary Friedman sold 500K shares from December 9 through December 11.
The company disclosed that the sales of shares was made in order to fund a payment obligation under a marital dissolution agreement, purchase real estate and for repaying personal debt.
Friedman still holds a 28.1% stake in RH through his beneficial ownership of over 6.7M shares.
Shares of RH are down 1.16% premarket to $230.50.
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