Director at Steven Madden (NASDAQ: SHOO) sells 3,030 shares

Rhea-AI Filing Summary

Director Peter Allan Davis of Steven Madden, Ltd. sold 3,030 shares of common stock in an open-market sale on May 22, 2026 at a weighted average price of $41.9832 per share. After these transactions, he directly holds 5,651 shares. The shares were sold in multiple trades at prices ranging from $41.982 to $42.00 per share.

Insider Trade Summary

Net Seller: 3,030 shares ($127,209)

Net Sell 1 txn

Insider Davis Peter Allan

Role null

Sold 3,030 shs ($127K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.0001 per share	3,030	$41.9832	$127K

Holdings After Transaction: Common Stock, par value $0.0001 per share — 5,651 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 3,030 shares Weighted average sale price: $41.9832 per share Post-transaction holdings: 5,651 shares +2 more

5 metrics

Shares sold 3,030 shares Open-market sale on May 22, 2026

Weighted average sale price $41.9832 per share Common stock sale

Post-transaction holdings 5,651 shares Direct ownership after sale

Price range of trades $41.982 to $42.00 per share Multiple sale transactions

Net shares sold 3,030 shares Net buy/sell direction: net-sell

Key Terms

weighted average price, open-market sale, Common Stock, par value $0.0001 per share, Sale in open market or private transaction

4 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock, par value $0.0001 per share financial

"security_title": "Common Stock, par value $0.0001 per share""

Sale in open market or private transaction financial

"transaction_code_description": "Sale in open market or private transaction""

Form 4 Insider Transactions: What Each Field Means →

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 NEW YORK 11104

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/22/2026		S		3,030	D	$41.9832(1)	5,651	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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.982 to $42, inclusive. The reporting person undertakes to provide to Steven Madden, Ltd. (the "Company"), any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

	/s/ Mike Lomenzo, Attorney-in-Fact for Peter Allan Davis	05/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did SHOO director Peter Allan Davis report?

Peter Allan Davis reported selling 3,030 shares of Steven Madden common stock. The Form 4 shows an open-market sale on May 22, 2026 at a weighted average price of $41.9832 per share, executed through multiple trades within a narrow price range.

At what price did Peter Allan Davis sell Steven Madden (SHOO) shares?

He sold the shares at a weighted average price of $41.9832 per share. According to the filing, the sales occurred in multiple transactions, with individual trade prices ranging from $41.982 to $42.00, all on May 22, 2026 in open-market trades.

How many Steven Madden (SHOO) shares does Peter Allan Davis hold after the sale?

Following the reported sale, Peter Allan Davis directly holds 5,651 shares of Steven Madden common stock. This post-transaction holding is disclosed in the Form 4 as his total direct ownership after selling 3,030 shares in the open market on May 22, 2026.

Was the SHOO insider sale by Peter Allan Davis an open-market transaction?

Yes, the transaction is classified as an open-market sale. The Form 4 lists transaction code "S" and describes it as a "Sale in open market or private transaction," with 3,030 shares sold at a weighted average price of $41.9832 per share.

Did the Steven Madden (SHOO) Form 4 mention multiple trade prices?

Yes, the filing notes that the reported price is a weighted average. It explains that the 3,030 shares were sold in multiple transactions, with individual sale prices ranging from $41.982 to $42.00 per share, and detailed trade data is available upon request.