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There are a variety of announcements that Friedman could be expected to make at (or in advance of) this “”.

The most obvious announcement would be that RH would announce the simple approval of the next leg of its ongoing share buyback.

Some were surprised at the buyback because RH’s stock price had already been rising towards the highest prices of the year (then closing in on ).

Even more surprising (to some) was that within just 50 trading days, RH had announced that it had already , accounting for a significant portion of the daily volume during that time.

In May of 2017, RH’s CEO Gary Friedman was quietly awarded a staggering nine figure incentive package if he can somehow engineer the share price to 0 or higher.

Precisely how he achieves this goal is entirely irrelevant.

Of RHs remaining debt, the majority (0 million) is in the form of convertible debt with strike prices of 6 and 8.

Name: RH (formerly “Restoration Hardware”) Ticker: (RH) Market cap:

Of RHs remaining debt, the majority ($650 million) is in the form of convertible debt with strike prices of $116 and $118.

Name: RH (formerly “Restoration Hardware”) Ticker: (RH) Market cap: $1.8 billion Current price: $89.24 52w Lo/Hi: $24.41 / $91.81 Shares out: 21.2 million (float of 18.6 million) Shares short: 8.8 million (48% of float, 9 days trading volume) Avg.

Volume: 1.1 million shares Shares of RH are being driven sharply higher as a result of financial engineering being conducted by RH’s CEO Gary Friedman.

Throughout this article, please understand that the described reductions in share count have nothing to do with any type of meaningless “reverse split”.

Instead, with RH these are actual and permanent reductions in share count which are having a very predictable effect on the price of each remaining individual share.

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Of RHs remaining debt, the majority ($650 million) is in the form of convertible debt with strike prices of $116 and $118.Name: RH (formerly “Restoration Hardware”) Ticker: (RH) Market cap: $1.8 billion Current price: $89.24 52w Lo/Hi: $24.41 / $91.81 Shares out: 21.2 million (float of 18.6 million) Shares short: 8.8 million (48% of float, 9 days trading volume) Avg.Volume: 1.1 million shares Shares of RH are being driven sharply higher as a result of financial engineering being conducted by RH’s CEO Gary Friedman.Throughout this article, please understand that the described reductions in share count have nothing to do with any type of meaningless “reverse split”.Instead, with RH these are actual and permanent reductions in share count which are having a very predictable effect on the price of each remaining individual share.

.8 billion Current price: .24 52w Lo/Hi: .41 / .81 Shares out: 21.2 million (float of 18.6 million) Shares short: 8.8 million (48% of float, 9 days trading volume) Avg.

Volume: 1.1 million shares Shares of RH are being driven sharply higher as a result of financial engineering being conducted by RH’s CEO Gary Friedman.

Throughout this article, please understand that the described reductions in share count have nothing to do with any type of meaningless “reverse split”.

Instead, with RH these are actual and permanent reductions in share count which are having a very predictable effect on the price of each remaining individual share.

If Friedman is successful, the value of the total awards to him will exceed $500 million.