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

Rhea-AI Filing Summary

Skechers insider reporting: Robert Greenberg, M. Susan Greenberg and the Greenberg Family Trust updated beneficial ownership in a Form 4 for SKX. The filing shows a 02/11/2025 acquisition of 106,066 Class A common shares (reported as an acquisition) bringing total reported beneficial ownership to 157,408 shares for the reporting persons combined. It also records a 01/02/2025 item coded J for 6,696 Class A shares reported as acquired indirectly via the Greenberg Family Trust, reflecting 13,908 shares beneficially owned after adjustment. The filing contains explanations that amounts were adjusted to correct a delinquent transaction and to remove a gift that was never executed. Signatures on the Form 4 are dated 09/04/2025.

Positive

• Corrective disclosure was filed to adjust previously reported ownership figures, restoring the public record
• No derivative positions are reported, simplifying the ownership picture

Negative

• A delinquent transaction required adjustment, indicating a prior late or missing Form 4 filing
• A reported gift that was never transacted was previously filed and needed removal, suggesting an error in earlier reporting

Insights

Financial Analyst

TL;DR: Insider acquisitions reported with subsequent adjustments; transaction sizes are modest relative to large-cap benchmarks.

The Form 4 documents direct and indirect acquisitions totaling 112,762 Class A shares reported across two dates and shows corrected ownership tallies of 157,408 and 13,908 shares respectively after adjustments. There are no derivative transactions reported. From a capital-markets perspective, the filing increases disclosed insider ownership but does not present revenue, earnings, or financing information that would materially change valuation models.

Corporate Governance Expert

TL;DR: Corrections to previously filed Form 4 entries indicate compliance remediation; the misreported gift raises minor governance questions.

The filing explicitly states adjustments were made to account for a delinquent transaction and to remove a gift that was never transacted. While the reporting parties corrected the record, the disclosure of a previously misreported gift suggests a lapse in reporting controls that management addressed via this amendment. No disciplinary, regulatory, or material litigation details are present in the filing.

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^*

GREENBERG ROBERT

(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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2025

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

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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		106,066	A	$0	157,408(1)	D
Class A Common Stock	01/02/2025		J		6,696	A	$0	13,908(2)	I	By Greenberg Family Trust

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

1. Name and Address of Reporting Person^*

GREENBERG ROBERT

(Last) (First) (Middle)

228 MANHATTAN BEACH BLVD.

(Street)

MANHATTAN BEACH CA 90266

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

1. Name and Address of Reporting Person^*

GREENBERG M SUSAN

(Last) (First) (Middle)

228 MANHATTAN BEACH BLVD.

(Street)

MANHATTAN BEACH CA 90266

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

GREENBERG FAMILY TRUST

(Last) (First) (Middle)

228 MANHATTAN BEACH BLVD.

(Street)

MANHATTAN BEACH CA 90266

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. This amount reflects an adjustment to total number of shares beneficially owned as reported on a Form 4 filed by the reporting persons 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 persons as of the filing date of this Form 4.

2. This amount reflects an adjustment to total number of shares beneficially owned as reported on a Form 4 filed by the reporting persons on March 3, 2025 after accounting for a gift that was never transacted by the reporting persons' financial advisors and should not have been reported on a Form 4 filed on January 6, 2025. This amount represents the total number of shares beneficially owned by the reporting persons as of the filing date of this Form 4.

	Robert Greenberg	09/04/2025
	Philip Paccione, Attorney-in-fact on behalf of M. Susan Greenberg	09/04/2025
	Robert Greenberg; Philip Paccione, Attorney-in-fact on behalf of M. Susan 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 transactions did Robert Greenberg report on the Form 4 for SKX?

He reported an acquisition of 106,066 Class A common shares on 02/11/2025, resulting in 157,408 shares beneficially owned after adjustment.

What does the Form 4 say about M. Susan Greenberg's holdings?

The filing shows an indirect acquisition coded J of 6,696 Class A shares on 01/02/2025 via the Greenberg Family Trust, with 13,908 shares reported after adjustment.

Were any derivative securities reported in this Form 4 for SKX?

No. Table II for derivative securities contains no reported transactions or holdings.

Why were ownership amounts adjusted in this filing?

The filing explains adjustments were made to account for a delinquent transaction and to remove a gift that was never transacted from prior reports.

When was the corrected Form 4 signed?

Signatures on the Form 4 are dated 09/04/2025.