[Form 4] Deckers Outdoor Corp Insider Trading Activity

Rhea-AI Filing Summary

Marco Ellerker, President, Global Marketplace at Deckers Outdoor Corp (DECK), reported insider transactions on 08/15/2025. He had 1,043 shares withheld to satisfy tax withholding related to vesting of restricted stock units, leaving him with 26,851 shares beneficially owned after that disposition. He was credited with 3,885 Time-Based RSUs (vesting in three annual tranches from 08/15/2026 to 08/15/2028) and up to 11,548 performance-based LTIP RSUs (maximum potential vesting), increasing his post-transaction beneficial ownership to 42,284 shares. The Time-Based RSUs will settle in common stock if service conditions are met.

Positive

• Executive alignment: Granting of 3,885 Time-Based RSUs and up to 11,548 LTIP Performance RSUs increases management's stake and aligns incentives with shareholder value
• Transparent disclosure: Filing clearly states vesting schedule for Time-Based RSUs and that LTIP amounts are maximum potential vesting, with an exhibit referenced for additional details

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine equity compensation vesting and tax withholding increased reported beneficial ownership; not an unusual trading signal.

This Form 4 shows standard executive equity plan mechanics: tax-withholding via share retention, grant recognition of Time-Based RSUs and performance LTIP RSUs. The 11,548 LTIP RSUs are disclosed as maximum potential vesting; actual shares depend on performance and continued service. The transactions are compensation-related rather than open-market buys or sells, so they primarily reflect incentive alignment rather than directional insider trading.

Corporate Governance Expert

TL;DR: Disclosure aligns with customary governance practices for executive compensation and transparency.

The filing documents standard disclosure for restricted stock unit vesting and tax withholding. The Time-Based RSUs include clear vesting dates and service conditions; the LTIP RSUs note maximum potential amounts and reference an exhibit for details. Signature by an attorney-in-fact is properly noted. No governance red flags or departures from typical equity-award reporting are evident in the text provided.

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^*

Ellerker Marco

(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, Global Marketplace

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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)	08/15/2025		F		1,043	D	$0	26,851	D
Common Stock(2)	08/15/2025		A		3,885	A	$0	30,736	D
Common Stock (Long-Term Incentive Performance-Based RSUs)(3)	08/15/2025		A		11,548(4)	A	$0	42,284	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 August 15, 2025 of one-third of the restricted stock units previously granted to the Reporting Person on August 15, 2022, August 15, 2023 and August 15, 2024 pursuant to the Deckers Outdoor Corporation 2015 Stock Incentive Plan.

2. The Time-Based Restricted Stock Units (the Time-Based RSUs) were granted pursuant to the Issuer's 2024 Stock Incentive Plan. The Time-Based RSUs vest as to 33.33% of the underlying shares on 8/15/2026, 33.33% on 8/15/2027, and 33.34% on 8/15/2028, subject to the satisfaction of continuous service requirements. At the time that continuous service requirements cease to be met, no further vesting will occur and the remaining Time-Based RSUs will not be earned. The Time-Based RSUs will be settled in the Issuer's common stock upon satisfaction of the vesting conditions.

3. Refer to Exhibit 99 for additional information.

4. The amounts listed are the maximum number of LTIP Performance RSUs that may vest.

Remarks:

	/s/ Lisa Bereda for Marco Ellerker as Attorney in Fact	08/19/2025
	** 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 transactions did Marco Ellerker report on DECK Form 4?

He reported 1,043 shares withheld for tax on vested RSUs, 3,885 Time-Based RSUs granted, and 11,548 maximum LTIP Performance RSUs on 08/15/2025.

How many shares does Marco Ellerker beneficially own after these transactions?

The filing reports he beneficially owns 42,284 shares following the reported transactions.

When do the Time-Based RSUs vest for Ellerker?

The Time-Based RSUs vest in three tranches: 33.33% on 08/15/2026, 33.33% on 08/15/2027, and 33.34% on 08/15/2028, subject to continuous service.

Are the LTIP Performance RSUs guaranteed to vest?

No; the filing states the 11,548 figure is the maximum number that may vest and refers to an exhibit for additional terms, so actual vesting depends on performance and conditions.

Why were 1,043 shares reported as disposed of at $0?

The shares were withheld to satisfy tax withholding obligations upon vesting of restricted stock units, which is reported as a disposition with no cash sale proceeds.