Michael Greenberg - Aug 27, 2024 Form 4 Insider Report for SKECHERS USA INC (SKX)

Role
President, Director
Signature
Michael Greenberg
Stock symbol
SKX
Transactions as of
Aug 27, 2024
Transactions value $
-$29,488,938
Form type
4
Date filed
8/29/2024, 04:04 PM
Previous filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKX Class A Common Stock Conversion of derivative security $0 +422K +248% $0.00 592K Aug 27, 2024 Direct F1
transaction SKX Class A Common Stock Sale -$29.5M -422K -71.26% $69.88 170K Aug 27, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SKX Class B Common Stock Conversion of derivative security $0 -422K -51.31% $0.00 401K Aug 27, 2024 Class A Common Stock 422K Direct F2, F3, F4
holding SKX Class B Common Stock 864K Aug 27, 2024 Class A Common Stock 864K Skechers Voting Trust F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 422 shares acquired under the Issuer's Employee Stock Purchase Plan on May 31, 2024.
F2 Holders of Class A Common Stock and Class B Common Stock generally have identical rights, except that holders of Class A Common Stock are entitled to one vote per share while holders of Class B Common Stock are entitled to ten votes per share on matters to be voted on by shareholders.
F3 Shares of Class B Common Stock are convertible into Class A Common Stock on a one-for-one basis for no additional consideration at any time, with no expiration date, upon voluntary conversion by the holder of such shares or upon any sale or transfer of such shares with certain exceptions.
F4 Includes 222,555 shares held by The Michael Greenberg Trust, of which Michael Greenberg is sole beneficiary and trustee, and therefore Mr. Greenberg is deemed to own these securities directly.