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EdgarHawk

SKX SKECHERS USA INC Insider Trading

10 filings analyzed · Latest 2025-03-04
Insider buys
0
Insider sells
10
Unique insiders
5
Direction
Net selling

Historically, stocks have lagged the S&P 500 by a median ~3% over the 90 days after a medium insider sell (n ≈ 11,162, 2023-2026). Past results don't predict the future. How we measure this ↗

March 2025
2025-03-04
medium
General Counsel & Secretary
10,994 shares
$622,590
@ $56.63
Significance 5/10

General Counsel Paccione sold 10,994 shares of SKX at $56.63, reducing holdings 42.3%, as stock down 26.2% from 52-week high.

PACCIONE PHILLIP sold 10,994 shares at $56.63, reducing his SKX position from 25,994 to 15,000 shares (a -42.3% reduction in holdings). The sale occurs amid material price weakness: SKX is currently at $57.76, down 26.2% from its 52-week high of $78.24 and down 23.3% over the prior 30 days. Paccione's prior transaction in SKX on 2024-03-04 (a similar sell) was followed by a 90-day return of +16.9%, meaning the stock rose after that prior sale—not a well-timed outcome for the insider. His cross-ticker track record shows 0 of 1 sells were well-timed at the 90-day mark. The company's fundamentals remain solid (revenue $2.3B with +12.1% annual growth, P/E of 13.72), so the sell signal does not correspond to obvious operational deterioration. The timing and magnitude of this reduction warrant investor attention given the stock's sharp recent decline and the insider's historical pattern of selling into weakness without benefit of foresight.

2025-03-03
high
Chief Executive Officer
40,924 shares
$2,486,542
@ $60.76
Significance 6/10

SKX CEO Greenberg sells 40,924 shares at $60.76 for $2.5M, reducing stake 44.4%; stock now down 25.2% from 52-week high.

Chief Executive Officer Robert Greenberg sold 40,924 shares at $60.76 on 2025-03-03, a material 44.4% reduction in his holdings from 92,266 to 51,342 shares. The sale occurred at a price significantly above the current level ($58.49), and the stock has declined 25.2% from its 52-week high and 22.4% over the past 30 days. Examined against his same-ticker history, only 1 of 4 prior measurable SKX sales showed a well-timed 90-day outcome (negative return post-sale), while most prior sales preceded positive subsequent price movement—suggesting he has not historically sold before major declines at this stock. The cross-ticker track record shows a modest 16.67% well-timed rate on 7 prior sells across other stocks. Fundamentals remain relatively intact (P/E 13.89, 12.1% annual revenue growth, $2.3B quarterly revenue), but the substantial stake reduction warrants investor attention to assess whether this signals management's view of valuation, liquidity needs, or a shift in conviction.

2025-03-03
medium
Chief Operating Officer
26,913 shares
$1,635,234
@ $60.76
Significance 5/10

COO David Weinberg sold 26,913 shares of SKX at $60.76; stock now $58.49, down 22.4% in 30 days

David Weinberg, Chief Operating Officer, sold 26,913 shares at $60.76 on 2025-03-03, reducing his holdings by 37.6% from 71,550 to 44,637 shares. The stock has declined sharply since the sale: -22.4% over 30 days and -25.2% from its 52-week high of $78.24, now trading at $58.49. However, Weinberg's timing pattern at SKX does not show a record of selling before declines—0 of 3 prior measurable sales resulted in negative 90-day returns. His cross-ticker track record across all holdings shows 5 prior sales with a 0.00% well-timed rate, meaning prior sales typically preceded upward price movement rather than downturns. This sale and recent price action cannot yet be evaluated against longer-term patterns, but the stock's recent weakness and the substantial reduction in his position warrant observation of subsequent company developments.

2025-03-03
medium
President
33,656 shares
$2,044,939
@ $60.76
Significance 5/10

President Michael Greenberg sold 33,656 shares of SKX at $60.76 on 2025-03-03 for $2,044,938.56, reducing stake by -19.7%

Michael Greenberg, as President, sold 33,656 shares at $60.76, reducing his holdings from 171,186 to 137,530 shares—a material 19.7% reduction. The transaction occurred when SKX stock was trading -25.2% from its 52-week high of $78.24 and has declined -22.4% over the prior 30 days, suggesting execution during a downturn. Across his same-ticker history at SKX, Greenberg has executed 5 prior sales with mixed timing outcomes: only 1 of 4 measurable 90-day periods saw negative returns (well-timed for a sell), while 3 prior sales were followed by gains of 16.2% to 20.9%, indicating his prior sells have generally not preceded sustained declines. The company's fundamentals remain solid with annual revenue growth of 12.1% and a P/E of 13.89, providing context that the stock's recent weakness may not reflect operational deterioration.

February 2025
2025-02-19
medium
Executive Vice President
12,046 shares
$796,013
@ $66.08
Significance 6/10

EVP Mark Nason sold 12,046 shares of SKX at $66.08 on 2025-02-18; holdings fell 31.9% to 25,675 shares.

Mark Nason, Executive Vice President of Skechers USA, executed a substantive reduction in his SKX holdings, disposing of 12,046 shares for $796,012.93 and cutting his stake by 31.9% to 25,675 shares. The sale occurred at $66.08 per share, approximately $0.89 below the current price of $65.97 but meaningfully above the 52-week low of $56.17, placing the transaction in the middle of the stock's recent trading band. Skechers remains solidly profitable with $2.3B in quarterly revenue and $193.2M in net income, alongside 7.5% annual revenue growth and a 18.69 P/E ratio, providing a stable operational backdrop. The scale of the reduction—nearly a third of prior holdings in a single transaction—represents material portfolio activity that warrants observation of any subsequent quarterly filings to assess whether further shifts in executive positioning emerge.

2025-02-13
medium
Chief Operating Officer
36,000 shares
$2,257,826
@ $62.72
Significance 4/10

COO David Weinberg sold 36,000 SKX shares at $62.72, reducing stake 39.8%; stock down 9.8% in 30 days.

David Weinberg, Chief Operating Officer of Skechers USA Inc, sold 36,000 shares (36.0K shares) at $62.72 on 2025-02-12, worth $2,257,826.40, trimming his holdings from 90,499 shares to 54,499 shares. The stock currently trades at $64.30, down 9.8% over the past 30 days and 17.8% from its 52-week high of $78.24, despite a +5.9% 90-day gain. His prior trades at SKX show mixed timing outcomes—three of four measurable same-ticker sales generated positive 90-day returns (16.0%, 20.7%, 16.9%), suggesting he has not consistently sold ahead of declines at this ticker. The company fundamentals remain solid with $2.3B in quarterly revenue, $193.2M net income, and 7.5% annual revenue growth, but the recent momentum decline warrants investor attention to whether further insider activity signals deeper concerns.

2025-02-13
medium
Chief Executive Officer
52,600 shares
$3,298,935
@ $62.72
Significance 4/10

SKX CEO Robert Greenberg sold 52.6K shares at $62.72; holdings reduced 46.2% to 61.4K shares

CEO Robert Greenberg sold 52,600 shares at $62.72 on 2025-02-12, reducing his holdings by 46.2% from 113,967 shares to 61,367 shares and raising $3,298,935.24. This is a material reduction in his position in the company he leads. At the same-ticker level, Greenberg's prior 5 sales at SKX showed mixed timing: only 1 of the 5 prior trades were well-timed at the 90-day mark, with outcomes ranging from -8.1% to +20.7% over 30 days and -1.4% to +20.7% over 90 days. The current price of $64.30 is -17.8% from the 52-week high, down 9.8% over the past 30 days, and the stock has a P/E of 18.22 with recent quarterly net income of $193.2M on $2.3B in revenue. The timing and magnitude of this concentrated sale warrant monitoring given the CEO's recent track record at this ticker.

January 2025
2025-01-02
medium
Chief Operating Officer
8,219 shares
$554,607
@ $67.48
Significance 5/10

COO David Weinberg sold 8,219 shares of SKX at $67.48; holdings now 122,211 shares vs. 130,430 pre-transaction

Chief Operating Officer David Weinberg executed a sale of 8,219 shares (8.2K shares) at $67.48, reducing his holdings by 6.3% to 122,211 shares. At SKX, Weinberg's three prior sales—on 2024-03-15, 2024-03-04, and 2024-02-08—all resulted in positive 90-day returns (+20.7%, +16.9%, and +15.7% respectively), meaning the stock rose after each sale, suggesting these prior sales were poorly timed relative to subsequent stock performance. The current price of $67.29 is 9.7% below the 52-week high of $74.50 and down 2.7% over 30 days, placing this transaction in a period of moderate weakness. Fundamental strength remains intact, with SKX reporting 7.5% annual revenue growth and a P/E of 19.06.

2025-01-02
low
President
10,274 shares
$693,275
@ $67.48
Significance 4/10

SKX President sells 10,274 shares at $67.48; holds 149.3K shares post-transaction

Michael Greenberg, President of Skechers USA, sold 10,274 shares on 2024-12-31 at $67.48, reducing his holdings by -6.4% to 149,327 shares. The sale occurred near the 52-week high (within -9.7% of $74.50), while the stock has declined -2.7% over the prior 30 days and -1.8% over 90 days. At SKX specifically, his prior 5 trades show a 1-of-5 well-timed rate at the 90-day mark, with modest negative 30-day returns averaging -4.5% but mixed 90-day outcomes averaging +12.7%. The company's fundamentals remain solid: $2.3B in latest quarterly revenue with +7.5% annual growth and $193.2M net income, supported by a reasonable P/E of 19.06. The sale represents a modest portfolio adjustment rather than a dramatic conviction shift, with no indication of material concern about the business.

August 2024
2024-08-29
high
President
422,000 shares
$29,488,938
@ $69.88
Significance 6/10

Skechers President Greenberg sells 422,000 shares ($29.5M) at $69.88; retains 170,160 shares post-transaction.

President Michael Greenberg sold 422,000 shares (422.0K shares) of Skechers USA Inc for $29,488,938.00 ($29.5M) at $69.88 on 2024-08-27, reducing his holdings by 71.3% from 592,160 shares (592.2K shares) to 170,160 shares (170.2K shares). This filing contains a derivative-conversion transaction, meaning his full position encompasses both the open-market shares in Table I and unreported derivative holdings in Table II; the reported post-transaction shares should not be interpreted as a complete exit. Greenberg's prior five sales at Skechers generated positive 90-day returns in all cases (ranging from +4.7% to +20.9%), establishing a pattern of consistently poor timing at this ticker—he has sold before subsequent rallies every time. Fundamentals remain solid with $2.2B in latest quarterly revenue, +7.5% annual growth, and a 19.40 P/E, providing no obvious distress signal, though the stock has declined 4.1% over 90 days and sits 8.1% below its 52-week high of $74.50.

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