SMACH THOMAS J 4

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.