Skechers Insider Weinberg Reports 70,712-Share Acquisition and Reconciliation

Rhea-AI Filing Summary

David Weinberg, Chief Operating Officer and Director of Skechers U.S.A., Inc. (SKX), reported changes in his beneficial ownership on a Form 4. The filing shows an acquisition of 70,712 Class A common shares dated 02/11/2025 and indicates beneficial ownership of 106,378 shares after the reported transactions, with an additional 186,521 shares held through The David Weinberg Trust deemed directly owned. The filing explains an adjustment after a previously delinquent transaction, notes 393 shares acquired under the issuer's ESPP on 05/30/2025, and states a deduction of 1,551 shares that the reporting person could not reconcile with prior reported holdings.

Positive

• Reported acquisition of 70,712 Class A shares, indicating insider activity
• Disclosure of ESPP purchase (393 shares on 05/30/2025) showing participation in company programs
• Explicit reconciliation note correcting a previously delinquent transaction and updating holdings

Negative

• Delinquent transaction required correction, indicating a prior reporting lapse
• 1,551 shares unaccounted for in the reconciliation, which is an unexplained discrepancy
• Price listed as $0 for the 70,712-share acquisition in the table, with no explanatory detail in the filing

Insights

Financial Analyst

TL;DR: Insider reported a sizable acquisition and an adjusted beneficial ownership after correcting a delinquent filing.

The Form 4 discloses a 02/11/2025 acquisition of 70,712 Class A shares by David Weinberg, who serves as COO and a director. The filing also documents post-transaction beneficial ownership of 106,378 shares and a trust holding of 186,521 shares. The issuer-specific notes identify a 393-share ESPP purchase on 05/30/2025 and an adjustment addressing a previously delinquent transaction, plus a 1,551-share discrepancy. For investors, the filing provides concrete ownership figures and a reconciliation note; it does not include transaction consideration beyond a listed price of $0 or explain the reason for the unaccounted shares.

Corporate Governance Expert

TL;DR: The filing corrects prior reporting but also reveals an unreconciled share count, raising disclosure and recordkeeping questions.

The Form 4 serves corrective and disclosure functions: it reports the acquisition activity and explicitly acknowledges a delinquent transaction that required adjustment. The explicit mention of a 1,551-share deduction that the reporting person cannot account for is material to governance and insider reporting practices. The filing also clarifies beneficial ownership through a revocable trust. These disclosures improve transparency, though the unexplained discrepancy warrants attention for compliance and audit trails.

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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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^*

WEINBERG DAVID

(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
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2025

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
Class A Common Stock	02/11/2025		A		70,712	A	$0	106,378(1)(2)	D
Class A Common Stock								186,521	D(3)

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. Includes 393 shares acquired on May 30, 2025 under the Issuer's Employee Stock Purchase Plan.

2. This amount reflects an adjustment to total number of shares beneficially owned as reported on a Form 4 filed by the reporting person on March 3, 2025 after accounting for this delinquent transaction that was not reported on a Form 4 filed on February 13, 2025. This amount represents the total number of shares beneficially owned by the reporting person as of the filing date of this Form 4, which includes a deduction of 1,551 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.

3. Shares held by The David Weinberg Trust dated September 7, 2000, of which David Weinberg is sole beneficiary and trustee, and therefore Mr. Weinberg is deemed to own the securities directly.

	David Weinberg	09/04/2025
	** 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).
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FAQ

What transaction did David Weinberg report on Form 4 for SKX?

He reported an acquisition of 70,712 Class A common shares dated 02/11/2025.

How many SKX shares does David Weinberg beneficially own after the reported transactions?

106,378 shares are reported as beneficially owned following the reported transactions, plus 186,521 shares held through his trust deemed directly owned.

Did the filing disclose any Employee Stock Purchase Plan (ESPP) activity for SKX?

Yes: the filing states 393 shares were acquired under the ESPP on 05/30/2025.

Does the Form 4 note any corrections or reporting issues for SKX insider filings?

Yes: the filing explains an adjustment to holdings after a delinquent transaction and notes a deduction of 1,551 shares that could not be accounted for.

Are any shares held indirectly by David Weinberg according to the filing?

Yes: 186,521 shares are held by The David Weinberg Trust dated September 7, 2000, of which he is sole beneficiary and trustee and thus deemed to own the securities directly.