SKECHERS (SKX) Form 4: 163,782 Shares Exchanged Under Merger Terms

Rhea-AI Filing Summary

Richard Siskind, reporting for R. Siskind & Company, sold and/or had cancelled shares of SKECHERS USA INC (SKX) pursuant to the Merger Agreement dated May 2, 2025. On 09/12/2025 the filing reports: 9,783 shares of Class A Common Stock disposed at $63.00 per share and 153,999 shares of Class A Common Stock disposed/cancelled pursuant to the Merger Agreement and the reporting person’s election. The Form 4 states these securities consisted of unvested shares and shares underlying unvested restricted stock units that were cancelled and exchanged for the cash merger consideration of $63.00 per share, and that other shares were cancelled and exchanged under the Merger Agreement as elected by the reporting person.

Insights

Securities Analyst

TL;DR Insider holdings were cancelled and exchanged for the stated cash merger consideration; transactions reflect deal execution rather than open-market trading.

The Form 4 documents disposition of both vested/unvested equity and equity underlying restricted stock units on 09/12/2025 tied directly to the May 2, 2025 Merger Agreement with a subsidiary of Beach Acquisition Co Parent, LLC. The filing specifies a cash merger consideration of $63.00 per share and quantifies the reported disposals as 9,783 shares at $63.00 and 153,999 shares cancelled/exchanged per the reporting person's election. For investors, this is a corporate transaction accounting of how insider equity was treated under the merger terms rather than an independent sale for liquidity reasons; the filing contains no other financial metrics or disclosures.

Corporate Governance Expert

TL;DR Director-level reporting shows compliance with Section 16 reporting tied to a merger; action appears administrative under merger terms.

The reporting person is identified as a director and filed a Form 4 reporting cancellations and exchanges of Class A Common Stock under the Merger Agreement. The explanation clarifies that unvested shares and RSU-underlying shares were cancelled for the cash merger consideration and that additional shares were exchanged per the reporting person’s election. The form is signed and dated 09/12/2025, demonstrating timely disclosure of changes in beneficial ownership required by federal securities rules. No other governance actions or departures are disclosed in this 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

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X

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^*

SISKIND RICHARD

(Last) (First) (Middle)

R. SISKIND & COMPANY

1385 BROADWAY, 24TH FLOOR

(Street)

NEW YORK NY 10018

(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)
09/12/2025

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	09/12/2025		D(1)		9,783	D	$63(1)	153,999	D
Class A Common Stock	09/12/2025		D(2)		153,999	D	(2)	0	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. In accordance with the terms of the Merger Agreement dated May 2, 2025 (the "Merger Agreement") between the Issuer and a subsidiary of Beach Acquisition Co Parent, LLC, as described in the Schedule 14C Information Statement/Prospectus and Notice of Action by Written Consent filed by the Issuer with the Securities and Exchange Commission on August 5, 2025, these securities, comprised of unvested shares of Class A Common Stock and shares of Class A Common Stock underlying unvested restricted stock units, were cancelled and exchanged for the Cash Merger Consideration of $63.00 per share.

2. In accordance with the terms of the Merger Agreement, these shares of Class A Common Stock were cancelled and exchanged for the Merger Consideration, as defined, and in accordance with the election made by the Reporting Person, under the Merger Agreement.

	/s/ Richard Siskind	09/12/2025
	** 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).
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FAQ

What did Richard Siskind report on Form 4 for SKX?

The Form 4 reports dispositions/cancellations of Class A Common Stock tied to the May 2, 2025 Merger Agreement, including 9,783 shares sold at $63.00 per share and 153,999 shares cancelled/exchanged per the reporting person's election.

When were the transactions reported on the Form 4 for SKX?

The transactions are reported with a transaction date of 09/12/2025 and the Form 4 is signed on that date.

Why were the shares disposed of according to the Form 4?

The explanation states the shares—including unvested shares and shares underlying unvested restricted stock units—were cancelled and exchanged for the $63.00 per share cash merger consideration under the Merger Agreement with a Beach Acquisition Co Parent, LLC subsidiary.

What is the cash consideration per share disclosed in the Form 4?

The filing discloses a cash merger consideration of $63.00 per share.

What is the reporting person's relationship to SKX?

The reporting person, Richard Siskind of R. Siskind & Company, is indicated as a Director of the issuer.