[Form 4] Skechers U.S.A., Inc. Insider Trading Activity

Rhea-AI Filing Summary

Michael Greenberg, President and Director of Skechers U.S.A., Inc. (SKX), reported acquiring 88,388 shares of Class A common stock on 02/11/2025. The filing shows 226,325 shares beneficially owned following the reported transactions, which includes an additional 402 shares acquired under the issuer's Employee Stock Purchase Plan on 05/30/2025 and a correction of five shares from a prior reporting error. The Form 4 was signed by the reporting person on 09/04/2025 and notes that the 226,325 total reflects an adjustment after accounting for a delinquent transaction that was not previously reported.

Positive

• Insider acquisition disclosed: 88,388 Class A shares were acquired, increasing reported beneficial ownership.
• Additional ESPP purchase disclosed: 402 shares acquired on 05/30/2025 under the issuer's Employee Stock Purchase Plan.
• Corrected ownership figure provided: Total beneficial ownership updated to 226,325 shares, including a five-share correction for a tracking error.

Negative

• Delinquent transaction noted: The filing acknowledges a prior delinquent transaction that required adjustment to reported ownership.
• Timing inconsistency: Transaction date is 02/11/2025 but the Form 4 was signed on 09/04/2025, indicating a delayed report.

Insights

Corporate Governance Expert

TL;DR: Insider reported a large acquisition and corrected prior reporting, raising governance and timeliness questions.

The Form 4 documents a sizable acquisition of 88,388 Class A shares by the company's President and Director, increasing his beneficial ownership to 226,325 shares. The filing explicitly discloses a later-added 402-share ESPP purchase and a five-share correction due to a tracking error. From a governance perspective, the need to amend holdings after a delinquent transaction suggests room for improved reporting controls, but the filing itself clarifies current ownership levels.

Securities Analyst

TL;DR: The reported acquisition updates insider ownership materially but contains a delinquent adjustment; overall investor impact appears limited.

The report shows an acquisition coded 'A' of 88,388 shares on 02/11/2025 and confirms 226,325 shares beneficially owned as of the filing date. The disclosure of 402 shares from the Employee Stock Purchase Plan and a five-share correction are specific clarifications. The filing contains no price per share for the main transaction beyond the form's $0 entry, and no derivative transactions are reported, limiting direct valuation conclusions from this filing alone.

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^*

GREENBERG MICHAEL

(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)
	President

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		88,388	A	$0	226,325(1)(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. Includes 402 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 previously reported. 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 five additional shares due to a tracking error of shares held in one account.

	Michael Greenberg	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).
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 Michael Greenberg (SKX) report on his Form 4?

He reported acquiring 88,388 Class A shares on 02/11/2025 and beneficially owning 226,325 shares after adjustments.

Did the Form 4 disclose any Employee Stock Purchase Plan activity for SKX?

Yes. It discloses 402 shares acquired on 05/30/2025 under the issuer's Employee Stock Purchase Plan.

Was there a correction or adjustment in the reported ownership for SKX insider filings?

Yes. The filing states a five-share correction due to a tracking error and notes an adjustment after a delinquent transaction.

Are any derivative transactions reported by the SKX reporting person in this Form 4?

No. Table II for derivative securities contains no reported transactions in this filing.

When was the Form 4 signed by the reporting person?

The Form 4 bears the reporting person's signature dated 09/04/2025.