RCKY insider sale: Director reduces holdings to 19,482 shares

Rhea-AI Filing Summary

Haning G Courtney, a director of Rocky Brands, Inc. (RCKY), reported selling 5,000 shares of the company's common stock on 08/26/2025 at a price of $31.00 per share. After the reported sale, Mr. Courtney beneficially owned 19,482 shares in a direct capacity. The Form 4 was filed as a single reporting person and signed by an attorney-in-fact on 08/27/2025.

Positive

• Prompt disclosure of the insider sale consistent with Section 16 reporting requirements
• No derivative transactions reported, simplifying ownership picture

Negative

• No explanation of the reason for the sale or whether it was pre-arranged under a 10b5-1 plan
• Reduced insider stake to 19,482 shares, representing a decrease in director ownership

Insights

Financial Analyst

TL;DR: Director sold a portion of holdings; remaining stake is small but disclosure follows Section 16 rules.

The filing documents a routine insider sale of 5,000 shares at $31 each, leaving 19,482 shares directly owned. This is a discrete disclosure of a single transaction and does not include any derivative activity or additional context on intent. The transaction appears procedural and compliant with Form 4 reporting requirements.

Corporate Governance Expert

TL;DR: Disclosure shows an officer/director sale; timing and rationale are not provided within the form.

The Form 4 identifies the reporting person as a director and records a sale of equity; it was executed via attorney-in-fact. The document contains no indications of Rule 10b5-1 plans or amendments. As filed, it meets statutory reporting obligations but provides no governance commentary or explanatory detail.

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

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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^*

Haning G Courtney

(Last) (First) (Middle)

927 OLD MCARTHUR RD.

(Street)

LOGAN OH 43138

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ROCKY BRANDS, INC. [ RCKY ]

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)
08/26/2025

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, without par value	08/26/2025		S		5,000	D	$31	19,482	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:

	Jeremy D. Siegfried, Attorney-in-Fact	08/27/2025
	** 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 the Rocky Brands (RCKY) Form 4 filed by Haning G Courtney report?

The Form 4 reports a sale of 5,000 shares of common stock on 08/26/2025 at $31.00 per share, leaving 19,482 shares beneficially owned directly.

When was the Form 4 for RCKY signed and who signed it?

The form shows signature execution by Jeremy D. Siegfried, Attorney-in-Fact on 08/27/2025.

Does the Form 4 indicate any options or derivative securities for Haning G Courtney?

No. Table II (derivative securities) contains no transactions; only a non-derivative sale is reported.

Is the reporting person an insider of Rocky Brands (RCKY)?

Yes. The form identifies Haning G Courtney as a Director of Rocky Brands.

Was the transaction reported as part of a joint filing or by one reporting person?

The Form 4 indicates it was filed by one reporting person.