SMACH THOMAS J 4
4 · Crocs, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Crocs (CROX) Director Thomas J. Smach Sells 5,000 Shares
What Happened
Thomas J. Smach, a director of Crocs, sold 5,000 shares in an open-market sale on February 13, 2026. The filing reports a weighted-average sale price of $98.41 and total proceeds of approximately $492,070. This was a sale (not a purchase or option exercise), which is often routine insider selling and does not by itself indicate company prospects.
Key Details
- Transaction date: 2026-02-13; Transaction type: Sale (code S)
- Reported weighted-average price: $98.41; price range across multiple trades: $98.190 – $98.955 (footnote F1)
- Reported proceeds: ~$492,070 (per filing)
- Shares owned after the transaction: Not specified in the provided filing excerpt
- Timeliness: Filed 2026-02-18 — appears to have been filed within the SEC’s two business-day window (Feb 13 transaction; Feb 16 was a holiday)
- Notable footnotes:
- F1: Price is a weighted average; multiple execution prices within the stated range; reporting person can provide per-price quantities on request.
- F2 & F4: Some shares were held in trusts for the reporting person’s children and are reported in the name of a trustee/child; the reporting person disclaims beneficial ownership except for any pecuniary interest.
- F3: The reporting person serves as trustee for certain revocable trusts and exercises voting and investment power for shares held by those trusts.
Context
This is a straight open-market sale by a director. Sales by insiders can be routine (tax planning, diversification, trust distributions, etc.); they are less informative than purchases for signaling conviction. The filing includes trust-related disclaimers indicating some shares are held in trusts and may not represent the director’s direct beneficial ownership.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-02-13$98.41/sh−5,000$492,070→ 0 total(indirect: By Trust)
- 88,958
Common Stock
- 113,209(indirect: By Trust)
Common Stock
[F3] - 10,000(indirect: By Children)
Common Stock
[F4] - 6,416(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $98.190 - $98.955, inclusive. The reporting person undertakes to provide to the issuer, any shareholder of the issuer, 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 in the footnote.
- [F2]These shares were held in a trust (Thomas J Smach 2021 Irrevocable Trust UAD 12/03/21 Linda Smach TTEE) for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is or was the beneficial owner of these securities for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest.
- [F3]The reporting person is a trustee of the THOMAS J. SMACH 1996 REV TRUST & LINDA M. SMACH 1996 REV TRUST TEN COM and exercises voting and investment power for the shares beneficially owned by the trust.
- [F4]These shares are held in the name of the reporting person's child. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest.