Form 4: Steven Madden Director Sells Shares Under 10b5-1 Plan

Arian Simone Reed, a director at Steven Madden, Ltd., sold 2,712 shares of common stock for $44.8 per share under a pre-arranged trading plan.

Summary

• Arian Simone Reed, a Director of Steven Madden, Ltd. (SHOO), reported a transaction on December 11, 2025.
• The transaction involved the disposition of 2,712 shares of Common Stock, par value $0.0001 per share.
• The shares were sold at a price of $44.8 per share.
• Following this transaction, Arian Simone Reed beneficially owns 12,305 shares of Steven Madden, Ltd. Common Stock.
• The 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).

Sentiment

Score: 5

Explanation: The sentiment is neutral. While a director selling shares can sometimes be perceived negatively, the transaction was executed under a Rule 10b5-1 plan, indicating it was pre-scheduled for personal financial planning rather than based on new information about the company's prospects.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating it was pre-scheduled and not based on immediate, non-public information, which enhances transparency and corporate governance.

Negatives

• A director's sale of shares, even under a pre-arranged plan, reduces their direct ownership stake in the company.

Risks

• NA

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine disclosure of an insider transaction and does not provide specific insights into broader industry trends or competitive landscape beyond the individual's stock activity.

Related Party Transactions

• Arian Simone Reed, a Director of Steven Madden, Ltd., sold 2,712 shares of the company's common stock. This is considered a related party transaction due to her position on the board.

Stakeholder Impact

• Shareholders may note the reduction in a director's direct ownership, though the Rule 10b5-1 plan context suggests a pre-planned personal financial decision rather than a reaction to company-specific news.

Key Dates

Keywords

Steven Madden, SHOO, Insider Trading, Form 4, Director Stock Sale, Arian Simone Reed, 10b5-1 Plan