Form 4: Tax Withholding on 29,051 RSUs for Malibu Boats CEO (MBUU)

Rhea-AI Filing Summary

Reporting person: Steven D. Menneto, identified as Director and Chief Executive Officer of Malibu Boats, Inc. (MBUU). The Form 4 reports a transaction dated 08/05/2025 with Transaction Code F and a price shown as $33.27. The document states that 29,051 shares of Class A Common Stock were withheld for tax withholding in connection with the vesting of restricted stock units granted on 08/05/2024. The table shows 10,474 shares marked as disposed and a post-transaction beneficial ownership of 55,513 shares.

Additional holdings and vesting: Footnotes state the beneficial ownership figure includes 29,376 RSUs vesting in two substantially equal annual installments beginning 08/05/2026 and 7,560 restricted stock shares vesting in four substantially equal annual installments beginning 11/06/2025, each subject to continued employment. The Form is signed by Steve D. Menneto via attorney-in-fact Brooke Zinter on 08/06/2025.

Positive

• Insider retention: Post-transaction beneficial ownership of 55,513 shares indicates continued CEO stake in the company.
• Structured incentives: Documented future vesting of 29,376 RSUs (beginning 08/05/2026) and 7,560 restricted shares (beginning 11/06/2025) supports retention incentives.

Negative

• Shares withheld/disposed for taxes: 29,051 shares withheld related to RSU vesting and 10,474 shares shown disposed at $33.27, reducing immediate free-float held by the reporting person.

Insights

Corporate Governance Expert

TL;DR: Routine tax-withholding on RSU vesting by CEO; preserves equity alignment with scheduled future vesting.

The Form 4 documents a tax-withholding disposition tied to the vesting of RSUs rather than an open-market sale, indicating retention of long-term incentive structure. The CEO's post-transaction beneficial ownership is shown as 55,513 shares, inclusive of unvested awards subject to future service-based vesting (29,376 and 7,560 units referenced). From a governance perspective, this is a common compensation-related filing and does not indicate a change in control or an unusual liquidity event.

Securities Analyst

TL;DR: Non-market disposition for tax purposes; limited immediate market impact and no new information on company performance.

The transaction code and explanatory note confirm shares were withheld to satisfy tax obligations on RSU vesting (29,051 shares withheld). The entry lists 10,474 shares disposed at $33.27 and a resulting beneficial ownership of 55,513 shares. This is a routine insider filing documenting compensation settlement and does not provide earnings or guidance data. Investors should note continued incentive alignment via scheduled future vesting dates.

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^*

Menneto Steven

(Last) (First) (Middle)

5075 KIMBERLY WAY

(Street)

LOUDON TN 37774

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MALIBU BOATS, INC. [ MBUU ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025

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
Class A Common Stock	08/05/2025		F(1)		10,474	D	$33.27	55,513(2)	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. The shares of the Issuer's Class A Common Stock were withheld for tax withholding purposes in connection with the vesting of 29,051 shares under a restricted stock unit award granted on August 5, 2024

2. Includes 29,376 shares of restricted stock units vesting in two substantially equal annual installments beginning on August 5, 2026 and 7,560 shares of restricted stock vesting in four substantially equal annual installments beginning on November 6, 2025, each subject to the reporting person's continued employment through each applicable vesting date.

Remarks:

	STEVE D. MENNETO, /S/ Brooke Zinter as attorney-in-fact	08/06/2025
	** 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 Malibu Boats CEO Steven Menneto report on Form 4 (MBUU)?

The Form 4 reports tax withholding related to RSU vesting on 08/05/2025, with 29,051 shares withheld and 10,474 shares marked disposed at $33.27.

How many shares does the reporting person beneficially own after the reported transaction (MBUU)?

The filing shows a post-transaction beneficial ownership of 55,513 shares.

Are there additional unvested awards disclosed for the reporting person?

Yes. The filing discloses 29,376 RSUs vesting in two annual installments beginning 08/05/2026 and 7,560 restricted shares vesting in four annual installments beginning 11/06/2025, subject to continued employment.

When was the Form 4 signed and who signed it?

The Form 4 is signed by Steve D. Menneto via attorney-in-fact Brooke Zinter on 08/06/2025.