Reed Arian Simone 4

What Happened Reed Arian Simone, a director of Steven Madden, Ltd. (SHOO), sold 3,600 shares in open-market transactions on March 12, 2026. The weighted-average price reported was $33.44 per share, resulting in total proceeds of approximately $120,374. This was a sale (not a purchase); sales by insiders are often routine and do not by themselves indicate a change in company outlook.

Key Details

• Transaction date: 2026-03-12 — open-market sale (transaction code S).
• Shares sold: 3,600 at a weighted-average price of $33.44; total value ≈ $120,374.
• Price range: sales occurred at prices between $33.433 and $33.46 (see footnote).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: report filed the same day (no late filing indicated).
• Footnote: the reported price is a weighted average; the reporting person can provide a breakdown of shares sold at each specific price on request.

Context

• This was a straightforward sale of existing shares (no option exercise, gift, or award involved).
• For retail investors, purchases by insiders can be more informative than routine sales; a single open-market sale by a director is common and not, by itself, a clear signal about company performance.