David Powers - 16 Jan 2024 Form 4 Insider Report for DECKERS OUTDOOR CORP (DECK)

Role
President & CEO, Director
Signature
/s/ Lisa Bereda for David Powers as Attorney in Fact
Issuer symbol
DECK
Transactions as of
16 Jan 2024
Net transactions value
-$11,635,949
Form type
4
Filing time
17 Jan 2024, 17:04:30 UTC
Previous filing
17 Aug 2023
Next filing
16 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DECK Common Stock Options Exercise $1,245,696 +17,978 +18% $69.29* 116,196 16 Jan 2024 Direct F1, F2
transaction DECK Common Stock Sale $12,881,645 -17,978 -15% $716.52 98,218 16 Jan 2024 Direct F2, F3

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 DECK Option (right to buy) Options Exercise $0 -17,978 -50% $0.000000 17,979 16 Jan 2024 Common 17,978 $69.29 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Represent shares of common stock received upon exercise of stock option awards.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.
F3 These shares were sold in multiple transactions ranging from $702.10 - $722.71. The reporting person undertakes to provide to Deckers Outdoor Corporation, any security holder of Deckers Outdoor Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth for the sales reported on this Form 4.
F4 100 percent of the underlying shares subject to the option vested on March 31, 2020 upon achievement of the performance criteria. The expiration date for these options is 4.21 years from the date of vesting.