STOCK TITAN

Fossil Group supply chain chief holds 114,855 shares

The reported performance awards include annual vesting adjustments tied to average fair market value thresholds.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
3

Rhea-AI Filing Summary

Fossil Group, Inc. reports that its Chief Supply Chain Officer, Venkataraman Lakshman Lakshmanan, directly held 114,855 shares of common stock as of October 5, 2026, including 83,333 restricted stock units subject to a vesting schedule. He also reported 150,000 performance stock units underlying common stock. A 100,000-PRSU grant made on April 15, 2026, is scheduled to vest 1-for-1 in three equal yearly installments, with potential share increases tied to average fair market value thresholds.

Insider Lakshmanan Venkataraman Lakshman
Role Chief Supply Chain Officer
Type Security Shares Price Value
holding Performance Stock Units F2 -- -- --
holding Common Stock F1 -- -- --
Holdings After Transaction: Performance Stock Units — 150,000 contracts (Direct); Common Stock — 114,855 shares (Direct)
Footnotes (2)
  1. F1. Includes 83,333 Restricted Stock Units subject to a vesting schedule.
  2. F2. On April 15, 2026, the Issuer granted 100,000 PRSUs to the reporting person under the Issuers 2024 Long-Term Incentive Plan. These PRSUs will vest into shares of Common Stock of the Issuer on a 1-for-1 basis yearly, in three equal installments. Each yearly vest is subject to an increase in the number of shares to be issued based on the average fair market value of a share of the Common Stock over the last thirty consecutive trading days of the most recent calendar year prior to the vesting date. If the average fair market value is between $4.25 to $5.99, the number of shares to be issued upon an annual vesting of PRSUs will be increased by 20%. If the average fair market value is between $6.00 and $7.74, the number of shares to be issued upon an annual vesting of PRSUs will be increased by 30%. If the average fair market value is $7.75 or above, the number of shares issued upon an annual vesting of PRSUs will be increased by 50%.
Common stock 114,855 shares Direct holdings as of October 5, 2026
Restricted Stock Units 83,333 units Included in common stock holdings; subject to a vesting schedule
Performance Stock Units 150,000 units Direct position underlying common stock as of October 5, 2026
PRSUs granted 100,000 units Granted April 15, 2026
PRSU vesting installments 3 equal installments Yearly vesting on a 1-for-1 basis
Share increase at $7.75 or above 50% Based on average fair market value before a yearly vest
Restricted Stock Units financial
"Includes 83,333 Restricted Stock Units subject to a vesting schedule."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
PRSUs financial
"the Issuer granted 100,000 PRSUs to the reporting person"
A PRSU is a type of employee equity award that turns into actual company shares only if preset performance goals are met over a specified time. Think of it like a prize that only pays out when a team hits agreed targets; investors watch PRSUs because they tie management pay to results, can increase the number of shares outstanding when paid, and therefore affect shareholder value and incentives.
vesting schedule financial
"subject to a vesting schedule"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
average fair market value financial
"based on the average fair market value of a share"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many FOSL shares did Venkataraman Lakshman Lakshmanan report holding?

As of October 5, 2026, he reported direct holdings of 114,855 shares of common stock, including 83,333 restricted stock units subject to a vesting schedule.

What are the vesting terms for the FOSL PRSUs?

The 100,000 PRSUs granted on April 15, 2026, vest into common stock 1-for-1 in three equal yearly installments. Each yearly vest may have an increased share count based on the average fair market value over the last thirty consecutive trading days of the most recent calendar year before vesting: 20% for $4.25 to $5.99, 30% for $6.00 to $7.74, and 50% for $7.75 or above.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Lakshmanan Venkataraman Lakshman

(Last)(First)(Middle)
901 S. CENTRAL EXPY

(Street)
RICHARDSON TEXAS 75080

(City)(State)(Zip)

UNITED STATES

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
10/05/2026
3. Issuer Name and Ticker or Trading Symbol
Fossil Group, Inc. [ FOSL ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Supply Chain Officer
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock114,855(1)D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Stock Units (2) (2)Common Stock150,000(2)(2)D
Explanation of Responses:
1. Includes 83,333 Restricted Stock Units subject to a vesting schedule.
2. On April 15, 2026, the Issuer granted 100,000 PRSUs to the reporting person under the Issuers 2024 Long-Term Incentive Plan. These PRSUs will vest into shares of Common Stock of the Issuer on a 1-for-1 basis yearly, in three equal installments. Each yearly vest is subject to an increase in the number of shares to be issued based on the average fair market value of a share of the Common Stock over the last thirty consecutive trading days of the most recent calendar year prior to the vesting date. If the average fair market value is between $4.25 to $5.99, the number of shares to be issued upon an annual vesting of PRSUs will be increased by 20%. If the average fair market value is between $6.00 and $7.74, the number of shares to be issued upon an annual vesting of PRSUs will be increased by 30%. If the average fair market value is $7.75 or above, the number of shares issued upon an annual vesting of PRSUs will be increased by 50%.
Remarks:
/s/ Lakshman Lakshmanan Venkataraman10/14/2026
** Signature of Reporting PersonDate
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 5 (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.
* Form 3: SEC 1473 (03-26)

Keep reading