VARELA AMELIA 4

What Happened
Amelia Varela, President and a director of Steven Madden, Ltd. (SHOO), sold 10,000 shares on June 3, 2026. The filing reports a weighted-average sale price of $43.45, for aggregate proceeds of $434,450. The sale is reported as an open-market or private sale (transaction code S), which is typically considered routine insider selling rather than a purchase that signals bullish conviction.

Key Details

• Transaction date: 2026-06-03
• Shares sold: 10,000
• Price: weighted average $43.45; reported range $43.35–$43.65 (see footnote)
• Proceeds: $434,450
• Shares owned after transaction: not disclosed in the provided filing excerpt
• Footnote: The $43.45 is a weighted average; the filer will provide a breakdown of shares sold at each price in the $43.35–$43.65 range upon request (per footnote F1)
• Timeliness: filing covers the transaction date 2026-06-03 and shows no indication in this excerpt of a late filing

Context
This was a sale (S), not a purchase or option exercise. Sales by executives can be for many personal reasons and do not by themselves prove a change in company outlook; purchases are generally more informative about insider confidence. If you want the exact per-trade prices or the insider’s post-transaction holdings, the footnote and the full SEC filing can be requested for more detail.