Form 4: Maurice Marciano Reports Changes in Beneficial Ownership of Guess Inc. Shares

Maurice Marciano, a director and 10% owner of Guess Inc., reported changes in his beneficial ownership of the company's stock due to gifting transactions.

Summary

• On April 4, 2024, Maurice Marciano disposed of 30,000 shares of Guess Inc. common stock through a gift.
• On April 8, 2024, he disposed of 22,751 shares of Guess Inc. common stock through a gift.
• On April 8, 2024, he acquired 54,292 shares of Guess Inc. common stock.
• Following these transactions, Marciano's indirect beneficial ownership includes shares held by various trusts and LLCs, totaling several million shares.
• These entities include MM CRUT, LLC (1,347,650 shares), Maurice Marciano Charitable Remainder Unitrust II (1,470,668 shares), MM CRUT II, LLC (1,181,124 shares), Maurice Marciano Trust (4,325,109 shares), Carolem Capital, LLC (1,200,000 shares), MM Gift Trust fbo Caroline Marciano (70 shares), MM 2020 Exempt Trust (349,491 shares), Next Step Capital, LLC (103,801 shares), and Next Step Capital II, LLC (554,940 shares).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions and holdings.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a major shareholder.

Key Dates