Morris Goldfarb - 12 Dec 2023 Form 4 Insider Report for G III APPAREL GROUP LTD /DE/ (GIII)

Role
CEO, Director
Signature
/s/ Morris Goldfarb
Issuer symbol
GIII
Transactions as of
12 Dec 2023
Net transactions value
+$33,250,000
Form type
4
Filing time
14 Dec 2023, 21:19:06 UTC
Previous filing
20 Jun 2023
Next filing
29 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GIII Common Stock, Par Value $.01 Per Share Other $16,625,000 +500,000 +17% $33.25 3,499,276 12 Dec 2023 Direct F1
transaction GIII Common Stock, Par Value $.01 Per Share Other $16,625,000 +500,000 +14% $33.25 3,999,276 12 Dec 2023 Direct F1
holding GIII Common Stock, Par Value $.01 Per Share 200,000 12 Dec 2023 Arlene Goldfarb 2012 Delaware Trust
holding GIII Common Stock, Par Value $.01 Per Share 166,750 12 Dec 2023 Goldfarb Family Partners, LLC
holding GIII Common Stock, Par Value $.01 Per Share 200,000 12 Dec 2023 Morris Goldfarb 2012 Delaware Trust
holding GIII Common Stock, Par Value $.01 Per Share 29,666 12 Dec 2023 Spouse
holding GIII Common Stock, Par Value $.01 Per Share 76,175 12 Dec 2023 The Morris And Arlene Goldfarb Family Foundation
holding GIII Common Stock, Par Value $.01 Per Share 0 12 Dec 2023 MORRIS GOLDFARB 2023 GRAT JG II F1
holding GIII Common Stock, Par Value $.01 Per Share 0 12 Dec 2023 MORRIS GOLDFARB 2023 GRAT LF II F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective December 12, 2023, Mr. Goldfarb withdrew 500,000 shares of common stock from each of the Morris Goldfarb 2023 GRAT JG II and the Morris Goldfarb 2023 GRAT LF II, each of which is a grantor retained annuity trust for the benefit of himself and his children, in exchange for promissory notes. The principal amount of each promissory note is equal to the average of the high and low sales prices of G-III Apparel Group Ltd.'s common stock on such date, multiplied by the number of shares of common stock withdrawn from the corresponding GRAT.