[Form 4] DECKERS OUTDOOR CORP Insider Trading Activity

Rhea-AI Filing Summary

Deckers Outdoor (DECK) director Victor Luis reported an equity award under the company’s board compensation plan. On 11/18/2025, an entity he manages received 518 shares of common stock at a price of $0, reflecting stock granted as compensation rather than a market purchase. After this grant, the LLC managed by him holds 17,719 shares indirectly.

The filing explains that, under Deckers’ deferred stock unit plan, Mr. Luis deferred receipt of these shares and instead received phantom units, each representing the right to receive one share of common stock in the future. This is a routine insider compensation and deferral election, not a cash transaction.

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^*

Luis Victor

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

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	11/18/2025		A		518(1)(2)	A	$0	17,719	I	LLC Managed by Filer

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. Quarterly shares issued pursuant to the Compensation Plan for the Company's Board of Directors.

2. Pursuant to DECK's deferred stock unit plan, Mr. Victor Luis deferred receipt of the shares of common stock and received instead phantom units. Each phantom unit represents a right to receive one share of common stock.

Remarks:

	/s/ Lisa Bereda for Victor M Luis as Attorney in Fact	11/19/2025
	** 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 insider transaction did DECK director Victor Luis report?

Mr. Victor Luis reported that on 11/18/2025 an LLC he manages received 518 shares of Deckers common stock at $0 as part of director compensation.

How many DECK shares does Victor Luis now indirectly own?

Following the reported transaction, an LLC managed by Victor Luis beneficially owns 17,719 shares of Deckers Outdoor common stock indirectly.

Was the DECK insider transaction a market purchase or compensation grant?

The transaction was a compensation grant; the 518 shares were issued at $0 pursuant to Deckers’ compensation plan for its Board of Directors.

What are the deferred stock or phantom units mentioned for DECK?

Under Deckers’ deferred stock unit plan, Victor Luis deferred receipt of the granted shares and received phantom units, each representing a right to one common share.

Is Victor Luis a 10% owner of Deckers Outdoor (DECK)?

The filing marks Victor Luis as a Director of Deckers Outdoor and does not mark him as a 10% Owner.

How is Victor Luis’s ownership in DECK held according to the Form 4?

The 17,719 shares are reported as indirect ownership held through an LLC managed by the filer.