DECK Insider Filing: RSU Withholding Reduces Anne Spangenberg Holdings

Rhea-AI Filing Summary

Anne Spangenberg, President, Fashion Lifestyle at Deckers Outdoor Corp (DECK), reported a transaction dated 09/15/2025 in which 1,523 shares of common stock were withheld and not issued to satisfy tax withholding obligations related to the vesting of one-third of restricted stock units originally granted on 09/01/2022. The Form 4 shows 84,512 shares beneficially owned by the reporting person following the withholding. The filing was executed by an attorney-in-fact on 09/17/2025. The entry is recorded as a non-sale disposition (code F) with a price of $0, indicating shares were retained by the issuer to cover taxes rather than sold.

Positive

• Transparent reporting of RSU withholding consistent with Section 16 requirements
• No open-market sale recorded—shares were withheld to cover taxes rather than sold
• Beneficial ownership disclosed post-transaction: 84,512 shares

Negative

• Reduction in outstanding shares held by the reporting person due to withholding of 1,523 shares

Insights

Corporate Governance Expert

TL;DR: Routine tax-withholding on vested RSUs; procedural change in share count, not a market sale.

This Form 4 documents a standard withholding action where 1,523 shares were retained to satisfy tax obligations upon the vesting of RSUs granted in 2022. Such withholdings are common and recorded as a disposition with no cash proceeds since shares are not sold on the open market. The report was filed by an attorney-in-fact and discloses the resulting beneficial ownership of 84,512 shares. From a governance perspective, the filing meets Section 16 reporting requirements and signals no unexpected insider selling or change in executive status in this document.

Compensation & Equity Awards Analyst

TL;DR: This is a routine RSU vesting tax-withholding; indicates scheduled retention to cover taxes, not a liquidity event.

The transaction arises from the vesting of one-third of RSUs granted on 09/01/2022. Withholding 1,523 shares to satisfy taxes is a standard mechanism to settle tax liabilities without selling shares, and it leaves the executive with a post-transaction beneficial ownership of 84,512 shares. The Form 4 records the disposition as code F and price $0, consistent with company-side withholding. There is no indication in this filing of option exercise, open-market sales, or additional grants beyond the referenced vesting.

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
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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^*

Spangenberg Anne

(Last) (First) (Middle)

250 COROMAR DRIVE

(Street)

GOLETA CA 93117

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DECKERS OUTDOOR CORP [ DECK ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Fashion Lifestyle

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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(1)	09/15/2025		F		1,523	D	$0	84,512	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. These shares have been withheld and not issued to the Reporting Person in order to satisfy certain tax witholding obligations incident to the vesting on September 15, 2025 of one-third of the restricted stock units previously granted to the Reporting Person on September 1, 2022 pursuant to the Deckers Outdoor Corporation 2015 Stock Incentive Plan.

Remarks:

	/s/Lisa Bereda for Anne Spangenberg as Attorney in Fact	09/17/2025
	** 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 transaction did Anne Spangenberg report on Form 4 for DECK?

The Form 4 reports that 1,523 shares were withheld to satisfy tax withholding upon the vesting of one-third of RSUs granted on 09/01/2022 (transaction date 09/15/2025).

Did the Form 4 show an open-market sale by the insider (DECK)?

No. The entry is coded as a non-sale withholding (transaction code F) with a price of $0, indicating shares were retained to cover taxes rather than sold.

How many shares does the reporting person beneficially own after the transaction?

The filing reports 84,512 shares of common stock beneficially owned following the withholding transaction.

When was the Form 4 executed and by whom?

The form was signed by an attorney-in-fact (/s/Lisa Bereda for Anne Spangenberg) on 09/17/2025.

What caused the withholding of shares reported on the Form 4 for DECK?

Shares were withheld to satisfy federal/state tax withholding obligations incident to the vesting of restricted stock units that vested on 09/15/2025.