Skechers (SKX) Form 4/A: 3,000 Restricted Shares Granted; Amended Ownership

Rhea-AI Filing Summary

Skechers U.S.A., Inc. (SKX) reporting person Zulema Garcia amended a Form 4 to disclose an award and correct prior ownership figures. The filing shows an award of 3,000 restricted Class A common shares on 05/24/2024 with a $0 price; the restricted shares vest in three equal tranches, the first on May 1, 2025 and the next two on each of the following two anniversaries. The amendment corrects a clerical error: previously reported beneficial ownership was misstated as 14,000 shares; the reporting person instead beneficially owns 16,683 shares as of this amendment filing, not the 17,183 reported earlier. The report is filed in the reporting person’s capacity as a director.

Positive

• Award of 3,000 restricted Class A common shares to the reporting director, aligning interests with shareholders
• Clarification of ownership figures via amendment improves regulatory accuracy and transparency

Negative

• Clerical error in prior filing required amendment, indicating prior reporting inaccuracy
• Reported beneficial ownership lowered from previously disclosed 17,183 to 16,683 shares after correction

Insights

Corporate Governance Expert

TL;DR: Director received 3,000 restricted shares; amendment fixes prior clerical ownership errors.

The award of restricted stock to a director is a routine compensation event aligning director incentives with shareholders. Vesting over three years indicates time-based retention rather than immediate transfer of control. The amendment corrects previously misstated beneficial ownership totals, which is important for Section 16 reporting accuracy and regulatory compliance. No derivative transactions or sales are reported. Overall, the filing signals standard governance compensation and administrative remediation of reporting errors.

Securities Compliance Analyst

TL;DR: Amendment addresses clerical misreporting; no material transfers or sales disclosed.

From a compliance perspective, timely amendment to correct the beneficial ownership amount reduces risk of penalties associated with inaccurate Section 16 filings. The reported award has a $0 price and standard vesting schedule, consistent with restricted equity grants for directors. The filing does not disclose exercises, disposals, or derivative holdings, limiting investor-impact significance to disclosure and governance transparency rather than immediate economic change.

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
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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^*

Garcia Zulema

(Last) (First) (Middle)

228 MANHATTAN BEACH BLVD.

(Street)

MANHATTAN BEACH CA 90266

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SKECHERS USA INC [ SKX ]

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)
05/24/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)
05/29/2024

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
Class A Common Stock	05/24/2024		A(1)		3,000	A	$0	13,500(2)	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. Award of restricted shares of Class A Common Stock, with one-third of the shares vesting on each of May 1, 2025 and the first two anniversaries thereof.

2. This amendment is being filed to correct a clerical error in the original reporting of the amount of securities beneficially owned, which was incorrectly reported as 14,000 shares. Also, as a result of this adjustment, the reporting person beneficially owns a total of 16,683 shares as of the filing date of this Form 4/A and not 17,183 shares as reported on the most recent Form 4 filed by the reporting person on April 4, 2025.

	Zulema Garcia	09/08/2025
	** 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

What did Zulema Garcia report on the Form 4/A for SKX?

The Form 4/A discloses an award of 3,000 restricted Class A common shares granted on 05/24/2024 and corrects prior beneficial ownership figures.

What is the vesting schedule for the restricted shares in the SKX filing?

The restricted shares vest in three equal tranches: one-third on May 1, 2025 and the remaining thirds on each of the next two anniversaries.

How many SKX shares does the reporting person beneficially own after the amendment?

After the amendment, the reporting person beneficially owns 16,683 shares as stated in the filing.

Was there any cash consideration reported for the awarded shares?

No; the transaction lists a $0 price for the 3,000 restricted shares.

What was the nature of the correction in the amended Form 4?

The amendment corrects a clerical error: the prior report incorrectly showed 14,000 shares in one line and an aggregated total of 17,183; the correct total is 16,683.