[Form 4] Columbia Sportswear Co Insider Trading Activity

Rhea-AI Filing Summary

Columbia Sportswear (COLM) Form 4 filed 07/14/2025: Chairman, President & CEO Timothy P. Boyle reported a Rule G gift of 50,723 common shares on 05/12/2025 to grantor-retained annuity trusts (GRATs) at a price of $0.00, indicating an estate-planning transfer rather than an open-market sale.

After the transaction Boyle directly owns 11,407,913 shares and indirectly controls 11,635,844 shares through GRATs, plus 1,014 shares via a spouse trust and 2,000 shares in a voting trust—approximately 23.05 million shares in total. Footnotes note earlier movements: 78,117 shares moved from GRATs to Boyle on 05/02/2025 and 4,642,351 shares moved into GRATs across 04/03, 04/09 and 05/02/2025. No cash consideration was involved, and Boyle remains a >10 % owner, maintaining significant insider alignment. The filing does not disclose operating or financial performance data and is unlikely to have immediate valuation impact.

Insights

Securities Analyst

TL;DR: Gift of 50.7k shares; Boyle still holds ~23 M COLM shares—no cash sale, neutral market impact.

The filing shows a non-monetary transfer of less than 0.25 % of Boyle’s stake to GRATs. Such moves are common for tax and succession planning and do not signal a change in his confidence or control. Share count remains effectively unchanged for float calculations, so liquidity and insider-selling concerns are minimal. With no purchase or sale price, the transaction carries negligible information content for near-term trading.

Corporate Governance Expert

TL;DR: Estate-planning transfer; ownership structure grows more complex but control unchanged.

Using GRATs allows Boyle to shift future appreciation out of his estate while retaining income rights. The added indirect holdings slightly complicate transparency, yet SEC disclosure mitigates governance risk. Because Boyle remains both CEO and largest shareholder, strategic alignment between management and owners persists. There are no red flags regarding dilution, related-party dealings, or control shifts.

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^*

BOYLE TIMOTHY P

(Last) (First) (Middle)

C/O COLUMBIA SPORTSWEAR COMPANY

14375 NW SCIENCE PARK DRIVE

(Street)

PORTLAND OR 97229

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COLUMBIA SPORTSWEAR CO [ COLM ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, President, CEO

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2025

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								11,407,913(1)	D
Common Stock	05/12/2025		G		50,723	D	$0	11,635,844(1)	I	By GRATs(2)
Common Stock								1,014	I	By Spouse Trust(3)
Common Stock								2,000	I	By Voting Trust(4)

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. Reflects (a) an aggregate of 78,117 shares transferred from grantor retained annuity trusts held by the reporting person on 5/2/2025, and (b) an aggregate of 4,642,351 shares transferred to grantor retained annuity trusts held by the reporting person on 4/3/2025, 4/9/2025 and 5/2/2025.

2. Shares held in grantor retained annuity trusts for which the reporting person is trustee and income beneficiary.

3. Shares held in trust for the benefit of the reporting person's spouse, of which she is the trustee. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

4. Shares held by Boyle Columbia Sportswear Company Voting Trust, Timothy P. Boyle, Trustee, dated January 24, 2011.

Remarks:

	Christina A. Mecklenborg, Attorney-in-Fact	07/14/2025
	** 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 type of insider transaction did COLM CEO Timothy Boyle report?

Boyle reported a gift (Transaction Code G) of Columbia Sportswear common stock to GRATs.

How many Columbia Sportswear shares were transferred on 05/12/2025?

A total of 50,723 shares were transferred at a price of $0.00.

What is Timothy Boyle’s total beneficial ownership after the transaction?

He beneficially owns approximately 23,046,771 COLM shares (11.4 M direct and 11.6 M indirect plus minor trusts).

Were any shares sold for cash in this Form 4?

No. The shares were gifted; no shares were sold or purchased for cash.

Why are the shares held in GRATs mentioned in the filing?

GRAT holdings reflect Boyle’s indirect ownership; he is trustee and income beneficiary, so they must be reported under Section 16.