Reed Arian Simone 4

What Happened Reed A. Simone, a director of Steven Madden, reported an open‑market sale of 475 shares on 2026-06-04. The shares were disposed at $43.82 each for proceeds of approximately $20,815. This was a sale (S code) and not a purchase; sales by insiders can be routine and do not necessarily signal a change in company outlook.

Key Details

• Transaction date and price: 2026-06-04, 475 shares at $43.82 per share.
• Total proceeds: about $20,815.
• Transaction type: Reported as "Open market or private sale" (Form 4 sale, code S).
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Filing timeliness: Report filed on 2026-06-04 (same day as the transaction), no late‑filing indication in the provided data.
• No footnotes, 10b5‑1 plan, tax‑withholding, or derivative activity were noted in the transaction details provided.

Context Insider sales are common and can be for many personal reasons (diversification, taxes, liquidity). This sale was relatively small in dollar terms (~$20.8K) and should be viewed as a routine disposal unless accompanied by larger, repeated sales or other material disclosures.