[Form 4] Crocs, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider grant of restricted stock units to Crocs CFO. The filing shows that Reagan Patraic, EVP and Chief Financial Officer of Crocs, Inc. (CROX), was granted 45,372 restricted stock units under the companys 2020 Equity Incentive Plan on 09/22/2025. Each unit represents the right to one share of common stock and vests in five installments: 21.43% on 03/22/2026, 21.43% on 09/22/2026, 21.43% on 03/22/2027, 21.43% on 09/22/2027, and 14.28% on 09/22/2028, contingent on continued employment.

Positive

• 45,372 restricted stock units granted to Reagan Patraic on 09/22/2025
• Clear vesting schedule disclosed with five installments through 09/22/2028
• Units represent one share each, explicitly stated under the 2020 Equity Incentive Plan

Negative

• None.

Insights

Compensation Analyst

TL;DR: A standard multi-year RSU award to the CFO that vests over four years, aligning pay with tenure.

The grant of 45,372 restricted stock units is a typical executive equity award structure designed to provide multi-year retention incentives. Vesting in five installments through 09/22/2028 creates time-based service requirements; there is no cash purchase price reported, and units are granted at $0 per unit pending future share delivery. The filing does not disclose grant date fair value, change-in-control provisions, or performance conditions beyond continued employment, so assessment of total compensation impact is limited.

Corporate Governance Expert

TL;DR: Disclosure is clear on vesting schedule and form of award but omits valuation and any performance criteria.

The Form 4 discloses the award type (restricted stock units), the exact quantity (45,372), and explicit vesting dates through 2028, which supports transparency on ownership changes. However, the filing contains no information on the grants accounting value, performance conditions, or whether shares are subject to forfeiture beyond employment, limiting evaluation of governance implications. No dispositions or exercised derivatives are reported.

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).

1. Name and Address of Reporting Person^*

REAGAN PATRAIC

(Last) (First) (Middle)

500 ELDORADO BLVD

BLDG. 5

(Street)

BROOMFIELD CO 80021

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Crocs, Inc. [ CROX ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

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	09/22/2025		A		45,372(1)	A	$0	45,372	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. Represents restricted stock units granted to the reporting person under the issuer's 2020 Equity Incentive Plan. Each restricted stock unit represents the contingent right to receive one share of the issuer's common stock. The restricted stock units vest in five installments: 21.43% on March 22, 2026, 21.43% on September 22, 2026, 21.43% on March 22, 2027, 21.43% on September 22, 2027, and 14.28% on September 22, 2028, provided that, in each case, the reporting person remains employed by the issuer as of the applicable vesting date.

Remarks:

	/s/Sara Hoverstock, Attorney-in-Fact	09/24/2025
	** 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 Crocs (CROX) disclose in this Form 4 for Reagan Patraic?

The Form 4 reports a grant of 45,372 restricted stock units on 09/22/2025 under the 2020 Equity Incentive Plan.

When do the granted RSUs to the CROX CFO vest?

Vesting occurs in five installments: 21.43% on 03/22/2026, 21.43% on 09/22/2026, 21.43% on 03/22/2027, 21.43% on 09/22/2027, and 14.28% on 09/22/2028, subject to continued employment.

How many shares will Reagan Patraic beneficially own following the transaction?

The Form 4 reports 45,372 shares beneficially owned following the reported transaction.

Was there a cash price paid for the RSUs in the filing?

The filing shows a price of $0 for the restricted stock units, indicating no cash purchase price reported.

Does the Form 4 disclose any performance conditions for these RSUs?

No. The Form 4 states the units vest based on continued employment only; no performance conditions are disclosed.