SHOO director sells 4,000 Steven Madden shares

STEVEN MADDEN, LTD. director Peter Migliorini reported an open-market sale of 4,000 shares of common stock.

Rhea-AI Filing Summary

STEVEN MADDEN, LTD. director Peter Migliorini reported an open-market sale of 4,000 shares of common stock. The shares were sold at an average price of $45.3001 per share. After this transaction, he directly owns 16,830 common shares.

Insights

Equity market & governance analyst

Director makes a modest open-market sale, overall impact appears limited.

Director Peter Migliorini sold 4,000 shares of STEVEN MADDEN, LTD. common stock in an open-market transaction at $45.3001 per share. The filing shows this as a straightforward sale of non-derivative common stock with direct ownership.

Following the sale, Migliorini holds 16,830 shares directly, indicating he retains a continuing equity stake. There is no indication of option exercises, tax withholding, gifts, or derivative positions in this filing, suggesting a routine portfolio move rather than a complex restructuring.

Insider Trade Summary

Net Seller: 4,000 shares

Net Sell 1 txn

Insider MIGLIORINI PETER

Role Director

Sold 4,000 shs ($181K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.0001 per share	4,000	$45.3001	$181K

Holdings After Transaction: Common Stock, par value $0.0001 per share — 16,830 shares (Direct)

Key Figures

Shares sold: 4,000 shares Sale price: $45.3001 per share Shares owned after sale: 16,830 shares +1 more

4 metrics

Shares sold 4,000 shares Open-market sale of common stock

Sale price $45.3001 per share Price for the 4,000-share sale

Shares owned after sale 16,830 shares Post-transaction direct holdings

Transaction code S Sale in open market or private transaction

Key Terms

open-market sale, Common Stock, par value $0.0001 per share, non-derivative, net-sell

4 terms

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""

non-derivative financial

"transaction_type: "non-derivative""

net-sell financial

"transactionSummary shows netBuySellDirection: "net-sell""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SHOO director Peter Migliorini report?

Peter Migliorini reported an open-market sale of 4,000 shares of STEVEN MADDEN, LTD. common stock. The transaction involved non-derivative common shares and is classified as a straightforward sale rather than an option exercise, gift, or other type of restructuring.

At what price did SHOO director Peter Migliorini sell his shares?

The 4,000 STEVEN MADDEN, LTD. shares were sold at an average price of $45.3001 per share. This price comes directly from the Form 4 transaction data and reflects the per-share consideration for the open-market sale reported on the specified transaction date.

How many SHOO shares does Peter Migliorini hold after the reported sale?

After the reported open-market sale, Peter Migliorini directly owns 16,830 shares of STEVEN MADDEN, LTD. common stock. This post-transaction balance is disclosed in the filing and shows he maintains a meaningful continuing equity position in the company following the sale.

Was the SHOO insider transaction an open-market sale or an option exercise?

The SHOO insider transaction was an open-market sale of common stock, not an option exercise. The Form 4 lists the security as non-derivative common shares and uses transaction code "S" with a description of sale in an open market or private transaction.

Did the SHOO Form 4 filing show any derivative securities for Peter Migliorini?

The Form 4 derivative summary for Peter Migliorini is empty, indicating no reported derivative securities such as options or warrants. The only disclosed activity is the sale of non-derivative common stock, simplifying interpretation of his current equity exposure in STEVEN MADDEN, LTD.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/16/2026 - 04:18 PM EDT Learn about SEC filing dates

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^*

MIGLIORINI PETER

(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)
06/15/2026

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	06/15/2026		S		4,000	D	$45.3001	16,830	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 Migliorini	06/16/2026
	** 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)