Steven Madden to sell 1,100 SHOO shares (NASDAQ: SHOO) via stock option plan
Rhea-AI Filing Summary
Steven Madden files a Form 144 to sell 1,100 shares of Common Stock under an Employee Stock Option Plan. The filing lists the sale method as tied to proceeds from the employee stock option plan with a date reference of 05/22/2024. The filing also reports a prior sale of 648 shares by Arian Simone on 05/20/2026 and a position figure of 25,898 (as shown).
Positive
- None.
Negative
- None.
Insights
Form 144 notifies the market of planned securities dispositions by an insider under an employee plan.
The filing lists 1,100 shares associated with an Employee Stock Option Plan and states proceeds will come from that plan. Form 144 is a notice used to claim an exemption for resale under Rule 144.
Timing and execution details are limited in the excerpt; subsequent trade reports or Forms 4/5 would show execution and final proceeds.