[Form 4] MALIBU BOATS, INC. Insider Trading Activity

Rhea-AI Filing Summary

Malibu Boats (MBUU) reported an insider equity grant for its Chief Financial Officer on a Form 4. On 11/13/2025, the CFO was awarded 3,929 shares of restricted stock at $0. Following the grant, the filing lists beneficial ownership of 19,917 shares.

The 3,929 restricted shares vest in three substantially equal annual installments beginning 11/13/2026, subject to continued employment. The beneficial ownership figure includes previously granted RSUs: 720 RSUs vesting in two semi-annual installments beginning 05/06/2026, 1,322 RSUs vesting in four semi-annual installments beginning 05/06/2026, 3,929 RSUs vesting in three annual installments beginning 11/13/2026, and 11,682 RSUs vesting 25% on 05/06/2026, 25% on 05/06/2027, and 50% on 05/06/2028.

Insights

Corporate governance analyst

Routine insider equity grant with scheduled vesting.

The filing documents a standard compensation action: the CFO received 3,929 restricted shares, with no cash consideration, and a multi-year vesting schedule tied to continued employment. Post-transaction beneficial ownership is 19,917 shares as disclosed.

Equity awards align executive incentives with shareholder value over time via vesting dates starting 11/13/2026. The footnotes detail additional RSU tranches with semi-annual and annual vesting through 2028.

There is no change to capital structure from a sale; impact depends on future vesting and any subsequent transactions disclosed in later filings.

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^*

Black David Scott

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

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	11/13/2025		A(1)		3,929	A	$0	19,917(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 reporting person was issued an equity award of 3,929 shares of restricted stock on November 13, 2025, vesting in three substantially equal annual installments beginning on November 13, 2026, subject to the reporting person's continued employment through each applicable vesting date.

2. Includes 720 restricted stock units vesting in two substantially equal semi-annual installments beginning on May 6, 2026, 1,322 restricted stock units vesting in four substantially equal semi-annual installments beginning on May 6, 2026, 3,929 restricted stock units vesting in three substantially equal annual installments beginning on November 13, 2026, and 11,682 restricted stock units with 25% of the stock units vesting on May 6, 2026, 25% of the stock units vesting on May 6, 2027, and the remaining 50% of the stock units vesting on May 6, 2028.

Remarks:

	David S. Black, /S/ Brooke Zinter as attorney-in-fact	11/14/2025
	** 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 did Malibu Boats (MBUU) disclose on this Form 4?

The CFO received an equity award of 3,929 restricted shares on 11/13/2025 at $0, with scheduled vesting.

How do the 3,929 restricted shares vest for MBUU's CFO?

They vest in three substantially equal annual installments starting 11/13/2026, subject to continued employment.

What is the CFO's beneficial ownership after the reported transaction for MBUU?

The filing lists beneficial ownership of 19,917 shares following the transaction.

What additional RSUs are included in the CFO's holdings at Malibu Boats (MBUU)?

Footnotes include 720 RSUs, 1,322 RSUs, 3,929 RSUs, and 11,682 RSUs with vesting schedules through 05/06/2028.

When do the included RSUs vest for Malibu Boats (MBUU) CFO?

RSUs vest semi-annually beginning 05/06/2026 for certain tranches, and annually from 11/13/2026, with another tranche vesting 25%/25%/50% in 2026, 2027, and 2028.

Was there a sale of shares by the MBUU CFO in this filing?

No sale is reported; the transaction reflects an award of restricted stock at $0 with vesting conditions.