SCHEDULE 13G 0001425851 XXXXXXXX LIVE Class A Common Stock, par value $0.001 per share 06/30/2025 0001065837 SKECHERS USA INC 830566105 228 MANHATTAN BEACH BLVD MANHATTAN BEACH CA 90266 Rule 13d-1(b) Pentwater Capital Management LP DE 0.00 7000000.00 0.00 7000000.00 7000000.00 N 5.4 IA PN Matthew Halbower X1 0.00 7000000.00 0.00 7000000.00 7000000.00 N 5.4 HC IN SKECHERS USA INC 228 Manhattan Beach Blvd. Manhattan Beach, California, 90266 This statement is filed by: (i) Pentwater Capital Management LP (the "Investment Manager"), a Delaware limited partnership, and the investment adviser to certain funds (the "Pentwater Funds"), with respect to the shares of class A common stock, par value $0.001 per share ("Class A Common Stock") of Skechers USA Inc., a Delaware corporation (the "Company") directly held by the Pentwater Funds; and (ii) Mr. Matthew Halbower ("Mr. Halbower"), the sole shareholder of MCH PWCM Holdings Inc., the general partner of the Investment Manager, with respect to the shares of Class A Common Stock directly held by the Pentwater Funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any of the foregoing persons or any Reporting Person is, for the purposes of Section 13 of the Securities and Exchange Act of 1934, the beneficial owner of the securities reported herein. The address of the business office of each of the Reporting Persons is 1001 10th Avenue South, Suite 216, Naples, FL 34102. The Investment Manager is a Delaware limited partnership. Mr. Halbower is a citizen of the United States. N IA HC The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 130,289,468 shares of Class A Common Stock outstanding as of May 2, 2025, as reported in the Company's Prospectus filed pursuant to Rule 425 with the Securities and Exchange Commission on May 5, 2025. 5.4% The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Y N See Item 2(a). The Pentwater Funds have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Class A Common Stock reported herein. Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Pentwater Capital Management LP /s/ Matthew Halbower 08/14/2025 Matthew Halbower /s/ Matthew Halbower 08/14/2025