Thomas Garcia - Sep 7, 2023 Form 4 Insider Report for DECKERS OUTDOOR CORP (DECK)

Role
Chief Administrative Officer
Signature
/s/ Lisa Bereda for Thomas Garcia as Attorney in Fact
Stock symbol
DECK
Transactions as of
Sep 7, 2023
Transactions value $
-$1,608,562
Form type
4
Date filed
9/8/2023, 05:53 PM
Previous filing
Aug 17, 2023
Next filing
Sep 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DECK Common Stock Options Exercise $249K +3.6K +21.84% $69.29* 20.1K Sep 7, 2023 Direct F1, F2
transaction DECK Common Stock Sale -$1.86M -3.6K -17.93% $516.73 16.5K Sep 7, 2023 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 -3.6K -24.99% $0.00 10.8K Sep 7, 2023 Common 3.6K $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 $512.51-$522.31. 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.