SKX Form 4/A: John Vandemore Corrects Ownership to 145,809 Shares After Sale
Rhea-AI Filing Summary
Skechers U.S.A., Inc. (SKX) Form 4/A shows an amendment by CFO John M. Vandemore correcting prior insider reporting. The amendment states a sale of 20,768 shares of Class A common stock on 03/01/2024 at a price of $62.33 per share. The filing corrects the previously reported beneficial ownership totals, saying the reporting person beneficially owns 145,809 shares as of the amendment filing date, replacing earlier incorrect figures (including misstated totals of 89,456 and 83,328). The amendment also notes a 70-share discrepancy the reporting person could not reconcile. The reporting person is identified as the company’s Chief Financial Officer. The form is an amendment to prior Form 4 filings.
Positive
- Correction and transparency: The amendment corrects prior clerical errors and provides updated beneficial ownership figures.
- Transaction disclosed: The sale of 20,768 shares at $62.33 is clearly reported, improving record accuracy.
Negative
- Prior misreporting: Earlier filings contained inaccurate beneficial ownership amounts (e.g., 89,456 and 83,328) requiring amendment.
- Unreconciled shares: The reporting person notes a 70-share discrepancy that could not be accounted for in the filing.
Insights
TL;DR: Amendment corrects insider ownership and reports a single disclosed sale; impact appears administrative rather than material.
The amended Form 4/A clarifies a prior clerical error in reported beneficial ownership and records a disposal of 20,768 shares at $62.33 on March 1, 2024. The corrected beneficial ownership total is 145,809 shares, which supersedes prior misstated amounts. From a securities disclosure perspective, this is primarily an accuracy and compliance update: it improves transparency about the reporting person’s holdings but does not introduce new transactions beyond the disclosed sale. The unexplained 70-share discrepancy is minor in absolute terms but appropriately disclosed in the amendment.
TL;DR: The amendment reflects remediation of reporting errors; governance controls likely adjusted to correct filings.
The filing identifies the reporting person as the CFO and amends prior filings to correct beneficial ownership totals and transaction records. Accurate Section 16 reporting is important for compliance and investor transparency. Correcting previously reported totals (from 89,456 and 83,328 to 145,809) addresses material accuracy of public disclosures. The disclosure of a small unexplained 70-share difference is transparent; further reconciliation details are not provided in the filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 20,768 | $62.33 | $1.29M |
Footnotes (1)
- F1. This amendment is being filed to correct a clerical error in the amount of securities beneficially owned, which was incorrectly reported as 89,456. The amended amount also reflects amendments to transactions on March 1 and March 4, 2024 reported in a separate Form 4/A with the same filing date at this Form 4/A. As a result of these amendments and other reports filed on the same date as this Form 4/A, the reporting person beneficially owns a total of 145,809 shares as of the filing date of this Form 4/A and not 83,328 shares as reported on the most recent Form 4 filed by the reporting person on March 3, 2025. The 145,809 shares also includes a deduction of 70 shares that the reporting person is not able to account for when comparing his current holdings to the total number of shares beneficially owned that would otherwise be reported on this Form 4.
FAQ
What transaction does the SKX Form 4/A disclose?
Who filed the Form 4/A for SKX?
What was corrected in the amended Form 4/A?
Does the Form 4/A indicate any unexplained discrepancies?
Is this filing a routine compliance amendment?
AI-generated analysis. How Rhea-AI works. Not financial advice.
