Form 4: Skechers Director Sells Shares in Merger Payout

Skechers Director Yolanda Macias sells shares for cash in merger.

Summary

• Yolanda Macias, a Director of Skechers USA Inc. (SKX), reported the disposal of Class A Common Stock on September 12, 2025.
• A total of 9,783 shares, comprising unvested shares of Class A Common Stock and shares underlying unvested restricted stock units, were cancelled and exchanged for a Cash Merger Consideration of $63.00 per share.
• An additional 8,000 shares of Class A Common Stock were cancelled and exchanged for merger consideration, in accordance with the reporting person's election under the Merger Agreement.
• These transactions were executed pursuant to a Merger Agreement dated May 2, 2025, between Skechers USA Inc. and a subsidiary of Beach Acquisition Co Parent, LLC.
• Following these transactions, Yolanda Macias's direct beneficial ownership of Class A Common Stock in Skechers USA Inc. is 0 shares.

Sentiment

Score: 8

Explanation: The filing reports the successful completion of a merger-related transaction where a director received significant cash consideration for her shares, indicating a positive outcome for shareholders involved in the merger.

Positives

• Director Yolanda Macias received $63.00 per share for 9,783 shares, totaling approximately $616,329, as part of the merger agreement.
• The transactions signify the successful execution of a merger agreement, resulting in a cash payout for the director's equity holdings.

Negatives

• Director Yolanda Macias no longer holds any direct beneficial ownership of Class A Common Stock in Skechers USA Inc. following the disposal of 17,783 shares.

Future Outlook

NA, as this filing reports past transactions and does not provide forward-looking statements or guidance.

Industry Context

This Form 4 reports an insider transaction related to a merger, which is a company-specific event rather than an industry-wide trend. Mergers and acquisitions are common corporate strategies, but this filing does not provide details to assess broader industry implications.

Related Party Transactions

• The disposal of shares by a director occurred in accordance with a Merger Agreement between Skechers USA Inc. and a subsidiary of Beach Acquisition Co Parent, LLC, the acquiring entity. This transaction is with a party related through the merger.

Stakeholder Impact

• Shareholders: Shareholders who participated in the merger received cash consideration for their shares.
• Director (Yolanda Macias): Received cash for her equity holdings, but no longer holds direct beneficial ownership in the company.

Key Dates

Keywords

Skechers, SKX, Yolanda Macias, Form 4, Insider Trading, Stock Sale, Merger Agreement, Class A Common Stock, Restricted Stock Units, Cash Merger Consideration