[Form 4] Steven Madden Ltd Insider Trading Activity

Rhea-AI Filing Summary

On 30 Jul 2025, Elong Power Holding Limited (ELPW) reported that CFO Luyi Wang resigned, citing no disagreements with the Company. The Board simultaneously appointed Wei Zou as the new Chief Financial Officer, effective the same day.

• Background: Zou brings 30 years’ experience in administration, HR and corporate management. Recent roles include Vice GM at Yilong Energy Holdings (2024-present) and HR & Administration Director at Fujian Nachuan Pipe Technology (2020-2024). He holds an MBA from Universidad UCAM, Spain.
• Employment terms: 3-year contract automatically renewing annually unless either party gives 60-day notice; annual cash compensation of US$40,000, paid quarterly.
• Governance: No family ties to directors/officers and no related-party transactions within the past two years.

The filing is limited to the leadership change; no financial or operational metrics were disclosed.

Positive

• Immediate replacement of departing CFO limits leadership gap and operational disruption.
• No disagreements or related-party concerns disclosed, supporting governance stability.

Negative

• CFO turnover can signal internal challenges and may unsettle investors.
• New CFO’s limited direct finance leadership experience could pose execution risk.

Insights

Financial Analyst

TL;DR: CFO exits, replacement named same day; minimal pay signals small scale, overall neutral financial impact.

The swift appointment of Wei Zou mitigates continuity risk created by Wang’s departure. Compensation of US$40k/year is immaterial to cash flow. However, Zou’s background is primarily HR/administration rather than finance, so investors may scrutinise his ability to manage reporting, capital markets and treasury functions. With no earnings data or strategic shifts, the filing has limited direct valuation impact.

Corporate Governance Expert

TL;DR: Smooth board-approved transition; no conflicts disclosed; governance stance remains stable.

The Board, Nominating and Compensation Committees unanimously approved the change, aligning with good governance practice. Disclosure affirms no disagreements, related-party issues or familial relationships, reducing regulatory and conflict-of-interest risk. Auto-renewal clauses and modest pay point to conservative governance but may raise retention questions given market CFO norms. Overall, the event appears neutral to slightly positive for governance outlook.

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
Estimated average burden
hours per response:			0.5

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^*

Davis Peter Allan

(Last) (First) (Middle)

C/O STEVEN MADDEN, LTD.

52-16 BARNETT AVENUE

(Street)

LONG ISLAND CITY NY 11104

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
STEVEN MADDEN, LTD. [ SHOO ]

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)
08/04/2025

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, par value $0.0001 per share	08/04/2025		S		2,312	D	$24.875	7,172	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:

	/s/ Mike Lomenzo, Attorney-in-Fact for Peter Allan Davis	08/04/2025
	** 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

Why did CFO Luyi Wang resign from Elong Power (ELPW)?

The 6-K states Wang resigned on 30 Jul 2025 and that her departure was not due to any disagreement with the Company.

Who is the new CFO of Elong Power and when is the appointment effective?

The Board appointed Wei Zou as Chief Financial Officer, effective 30 Jul 2025.

What experience does Wei Zou bring to ELPW as CFO?

Zou has 30 years of administration and HR leadership, including roles as Vice GM at Yilong Energy Holdings and HR Director at Fujian Nachuan Pipe Technology.

What are the key terms of Wei Zou’s employment agreement?

A 3-year term auto-renewing annually; US$40,000 annual salary paid quarterly; termination requires 60-day notice before renewal.

Does Wei Zou have any related-party ties to Elong Power?

The filing states no family relationships or related transactions involving Wei Zou within the past two years.