← Filings of DECK
Tables in the 10-Q of DECKERS OUTDOOR CORP
39 tables with numbers, filed Nov 2, 2023. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| | Page |
| Cautionary Note Regarding Forward-Looking Statements | 2 |
| PART I - Financial Information | |
| Item 1. | Financial Statements | |
| Condensed Consolidated Balance Sheets (Unaudited) | 4 |
| Condensed Consolidated Statements of Comprehensive Income (Unaudited) | 5 |
| Condensed Consolidated Statements of Stockholders’ Equity (Unaudited) | 6 |
| Condensed Consolidated Statements of Cash Flows (Unaudited) | 8 |
First 8 of 21 rows. The CSV has all of them.
Table 2 after “(dollar and share data amounts in thousands, except par value)”
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| September 30, 2023 | March 31, 2023 | |
| ASSETS | | (AUDITED) | |
| Cash and cash equivalents | $823,051 | | $981,795 |
| Trade accounts receivable, net of allowances ($45,511 and $32,504 as of September 30, 2023, and March 31, 2023, respectively) | 487,677 | | 301,511 |
| Inventories | 726,332 | | 532,852 |
| Prepaid expenses | 46,094 | | 33,788 |
| Other current assets | 83,455 | | 55,523 |
| Income tax receivable | 13,272 | | 4,784 |
First 8 of 36 rows. The CSV has all of them.
Table 3 after “(dollar and share data amounts in thousands, except per share data)”
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| Three Months Ended September 30, | Six Months Ended September 30, | | | | |
| 2023 | 2022 | | 2023 | 2022 | |
| Net sales (Note 2, Note 10, and Note 11) | $1,091,907 | | $875,614 | | $1,767,698 | $1,490,075 |
| Cost of sales | 508,888 | | 453,693 | | 838,255 | 773,402 |
| Gross profit | 583,019 | | 421,921 | | 929,443 | 716,673 |
| Selling, general, and administrative expenses | 358,402 | | 294,090 | | 634,090 | 532,501 |
| Income from operations (Note 10) | 224,617 | | 127,831 | | 295,353 | 184,172 |
| Interest income | (10,089) | | (1,884) | | (21,376) | (3,098) |
First 8 of 25 rows. The CSV has all of them.
| Six Months Ended September 30, 2023 | | | | | | | | |
| | Additional Paid-in Capital | | Retained Earnings | Accumulated Other Comprehensive Loss | Total Stockholders’ Equity | | | |
| Common Stock | | | | | | | | |
| Shares | Amount | | | | | | | |
| Balance, March 31, 2023 | 26,176 | | $262 | | $232,932 | | $1,571,574 | $(39,035) | $1,765,733 |
| Stock-based compensation | 1 | | — | | 6,877 | | — | — | 6,877 |
| Shares issued upon vesting | 3 | | — | | — | | — | — | — |
| Exercise of stock options | 8 | | — | | 548 | | — | — | 548 |
First 8 of 23 rows. The CSV has all of them.
| Six Months Ended September 30, 2022 | | | | | | | | |
| | Additional Paid-in Capital | | Retained Earnings | Accumulated Other Comprehensive Loss | Total Stockholders’ Equity | | | |
| Common Stock | | | | | | | | |
| Shares | Amount | | | | | | | |
| Balance, March 31, 2022 | 26,982 | | $270 | | $210,825 | | $1,352,685 | $(24,955) | $1,538,825 |
| Stock-based compensation | 1 | | — | | 3,735 | | — | — | 3,735 |
| Shares withheld for taxes | — | | — | | (43) | | — | — | (43) |
| Repurchases of common stock (Note 8) | (384) | | (4) | | — | | (99,989) | — | (99,993) |
First 8 of 19 rows. The CSV has all of them.
| Six Months Ended September 30, | | |
| 2023 | 2022 | |
| OPERATING ACTIVITIES | | | |
| Net income | $242,099 | | $146,373 |
| Reconciliation of net income to net cash provided by (used in) operating activities: | | | |
| Depreciation, amortization, and accretion | 25,138 | | 23,018 |
| Amortization on cloud computing arrangements | 1,131 | | 1,001 |
| Bad debt expense | 6,905 | | 4,444 |
First 8 of 38 rows. The CSV has all of them.
| Six Months Ended September 30, | | |
| 2023 | 2022 | |
| SUPPLEMENTAL CASH FLOW DISCLOSURE | | | |
| Cash paid during the period | | | |
| Income taxes, net of refunds of $4 and $1,124, as of September 30, 2023, and 2022, respectively | $47,146 | | $29,242 |
| Interest | 955 | | 901 |
| Operating leases | 31,370 | | 31,572 |
| Non-cash investing activities | | | |
First 8 of 13 rows. The CSV has all of them.
Table 8 after “The following tables summarize changes in the estimated sales returns for the periods presented:”
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| Recovery Asset | Refund Liability | |
| Balance, March 31, 2023 | $15,685 | | $(45,322) |
| Net additions to sales return liability* | 24,298 | | (106,824) |
| Actual returns | (24,192) | | 97,969 |
| Balance, September 30, 2023 | $15,791 | | $(54,177) |
Table 9 after “The following tables summarize changes in the estimated sales returns for the periods presented:”
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| Recovery Asset | Refund Liability | |
| Balance, March 31, 2022 | $11,491 | | $(39,867) |
| Net additions to sales return liability* | 26,444 | | (84,336) |
| Actual returns | (24,378) | | 82,497 |
| Balance, September 30, 2022 | $13,557 | | $(41,706) |
Table 10 after “Activity during the six months ended September 30, 2023, and 2022, related to loyalty programs was as follows:”
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| 2023 | 2022 | |
| Beginning balance | $(13,144) | | $(10,883) |
| Redemptions and expirations for loyalty certificates and points recognized in net sales | 10,022 | | 9,585 |
| Deferred revenue for loyalty points and certificates issued | (11,269) | | (10,106) |
| Ending balance | $(14,391) | | $(11,404) |
Table 11 after “Activity during the six months ended September 30, 2023, and 2022, related to deferred revenue was as follows:”
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| 2023 | 2022 | |
| Beginning balance | $(13,448) | | $(15,804) |
| Additions of customer cash payments | (33,089) | | (31,503) |
| Revenue recognized | 30,032 | | 28,589 |
| Ending balance | $(16,505) | | $(18,718) |
Table 12 after “Assets and liabilities that are measured on a recurring basis at fair value in the condensed consolidated balance sheets are as follows:”
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| As of | | Measured Using | | | | |
| September 30, 2023 | Level 1 | | Level 2 | Level 3 | | |
| Money-market funds (1) | $489,021 | | | $489,021 | | $— | $— |
| Non-qualified deferred compensation asset (2) | 9,409 | | | 9,409 | | — | — |
| Non-qualified deferred compensation liability (2) | (13,603) | | | (13,603) | | — | — |
| Designated Derivative Contracts asset (3) | 4,968 | | | — | | 4,968 | — |
Table 13 after “Assets and liabilities that are measured on a recurring basis at fair value in the condensed consolidated balance sheets are as follows:”
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| As of | | Measured Using | | | | |
| March 31, 2023 | Level 1 | | Level 2 | Level 3 | | |
| Money-market funds (1) | $675,468 | | | $675,468 | | $— | $— |
| Non-qualified deferred compensation asset (2) | 8,399 | | | 8,399 | | — | — |
| Non-qualified deferred compensation liability (2) | (11,326) | | | (11,326) | | — | — |
Table 14 after “Income tax expense and the effective income tax rate were as follows:”
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| Three Months Ended September 30, | Six Months Ended September 30, | | | | |
| 2023 | 2022 | | 2023 | 2022 | |
| Income tax expense | $55,770 | | $27,394 | | $73,582 | $39,547 |
| Effective income tax rate | 23.8% | | 21.2% | | 23.3% | 21.3% |
Table 15 after “Supplemental information for amounts presented in the condensed consolidated statements of cash flows related to operating leases, were as f”
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| Three Months Ended September 30, | Six Months Ended September 30, | | | | |
| 2023 | 2022 | | 2023 | 2022 | |
| Non-cash operating activities | | | | | | |
| Operating lease assets obtained in exchange for lease liabilities* | $13,152 | | $7,002 | | $34,739 | $13,209 |
| Reductions to operating lease assets for reductions to lease liabilities* | (7,606) | | (132) | | (7,671) | (408) |
Table 16 after “The Company granted the following awards under the 2015 SIP during the periods presented, which were recorded in the condensed consolidated ”
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| Six Months Ended September 30, | | | | | |
| 2023 | 2022 | | | | |
| Shares Granted | Weighted-average grant date fair value per share | | Shares Granted | Weighted-average grant date fair value per share | |
| RSUs | 35,371 | | $549.90 | | 47,545 | $334.74 |
Table 17 after “The following table summarizes the effect of Designated Derivative Contracts and the related income tax effects of unrealized gains or losse”
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| Three Months Ended September 30, | Six Months Ended September 30, | | | | |
| 2023 | 2022 | | 2023 | 2022 | |
| Gain recorded in OCI | $4,705 | | $1,805 | | $5,116 | $2,805 |
| Reclassifications from AOCL into net sales | (170) | | (369) | | (149) | (369) |
| Income tax expense in OCI | (1,132) | | (348) | | (1,212) | (590) |
| Total | $3,403 | | $1,088 | | $3,755 | $1,846 |
Table 18 after “Stock repurchase activity under the Company’s stock repurchase program was as follows:”
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| Six Months Ended September 30, | | |
| 2023 | 2022 | |
| Dollar value of shares repurchased (1) (2) | $210,938 | | $150,240 |
| Total number of shares repurchased (3) | 399,388 | | 557,675 |
| Weighted average price per share paid | $528.15 | | $269.41 |
Table 19 after “The components within AOCL, net of tax, recorded in the condensed consolidated balance sheets are as follows:”
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| September 30, 2023 | March 31, 2023 | |
| Unrealized gain on cash flow hedges | $3,755 | | $— |
| Cumulative foreign currency translation loss | (53,206) | | (39,035) |
| Total | $(49,451) | | $(39,035) |
Table 20 after “The reconciliation of basic to diluted weighted-average common shares outstanding was as follows:”
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| Three Months Ended September 30, | Six Months Ended September 30, | | | | |
| 2023 | 2022 | | 2023 | 2022 | |
| Basic | 26,031,000 | | 26,517,000 | | 26,098,000 | 26,646,000 |
| Dilutive effect of equity awards | 147,000 | | 165,000 | | 153,000 | 169,000 |
| Diluted | 26,178,000 | | 26,682,000 | | 26,251,000 | 26,815,000 |
| Excluded | | | | | | |
| RSUs and PSUs | 19,000 | | 45,000 | | 33,000 | 47,000 |
| LTIP PSUs | 117,000 | | 115,000 | | 117,000 | 115,000 |
First 8 of 9 rows. The CSV has all of them.
Table 21 after “Reportable operating segment information, with a reconciliation to the condensed consolidated statements of comprehensive income, was as fol”
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| Three Months Ended September 30, | Six Months Ended September 30, | | | | |
| 2023 | 2022 | | 2023 | 2022 | |
| Net sales | | | | | | |
| UGG brand wholesale | $451,841 | | $361,305 | | $573,386 | $499,167 |
| HOKA brand wholesale | 262,973 | | 223,035 | | 523,820 | 454,920 |
| Teva brand wholesale | 12,150 | | 19,587 | | 47,282 | 66,482 |
| Sanuk brand wholesale | 3,348 | | 5,060 | | 9,818 | 15,786 |
| Other brands wholesale | 29,862 | | 27,559 | | 31,289 | 29,552 |
First 8 of 10 rows. The CSV has all of them.
Table 22 after “Reportable operating segment information, with a reconciliation to the condensed consolidated statements of comprehensive income, was as fol”
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| Income (loss) from operations | | | | |
| UGG brand wholesale | $165,902 | $112,083 | $182,768 | $142,748 |
| HOKA brand wholesale | 81,873 | 63,576 | 168,397 | 133,192 |
| Teva brand wholesale | (647) | 2,737 | 8,590 | 15,230 |
| Sanuk brand wholesale | (303) | 350 | 456 | 2,816 |
| Other brands wholesale | 6,459 | 5,837 | 4,418 | 5,368 |
| Direct-to-Consumer | 112,255 | 59,936 | 187,717 | 101,156 |
| Unallocated overhead costs | (140,922) | (116,688) | (256,993) | (216,338) |
First 8 of 9 rows. The CSV has all of them.
Table 23 after “Assets allocated to each reportable operating segment, with a reconciliation to the condensed consolidated balance sheets, are as follows:”
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| September 30, 2023 | March 31, 2023 | |
| Assets | | | |
| UGG brand wholesale | $740,892 | | $261,683 |
| HOKA brand wholesale | 361,699 | | 446,450 |
| Teva brand wholesale | 48,519 | | 94,735 |
| Sanuk brand wholesale | 30,971 | | 41,405 |
| Other brands wholesale | 51,734 | | 24,448 |
| Direct-to-Consumer | 258,211 | | 219,194 |
First 8 of 13 rows. The CSV has all of them.
Table 24 after “The Company sells its products globally to customers and consumers in various countries, with net sales concentrations as follows:”
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| Three Months Ended September 30, | Six Months Ended September 30, | | | | |
| 2023 | 2022 | | 2023 | 2022 | |
| International net sales | $343,874 | | $257,905 | | $600,130 | $487,851 |
| % of net sales | 31.5% | | 29.5% | | 33.9% | 32.7% |
| Net sales in foreign currencies | $292,344 | | $193,130 | | $441,315 | $302,071 |
| % of net sales | 26.8% | | 22.1% | | 25.0% | 20.3% |
| Ten largest global customers as % of net sales | 33.6% | | 40.1% | | 27.9% | 30.1% |
Table 25 after “Long-lived assets, which consist of property and equipment, net, recorded in the condensed consolidated balance sheets, are as follows:”
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| September 30, 2023 | March 31, 2023 | |
| United States | $270,047 | | $244,529 |
| Foreign* | 25,165 | | 22,150 |
| Total | $295,212 | | $266,679 |
Table 26 after “. Results of operations were as follows:”
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| Three Months Ended September 30, | | | | | | | | | | | | |
| 2023 | | 2022 | | Change | | | | | | | | |
| Amount | % | | | Amount | % | | Amount | % | | | | |
| Net sales | $1,091,907 | | | 100.0% | | | $875,614 | | 100.0% | | $216,293 | | 24.7% |
| Cost of sales | 508,888 | | | 46.6 | | | 453,693 | | 51.8 | | (55,195) | | (12.2) |
| Gross profit | 583,019 | | | 53.4 | | | 421,921 | | 48.2 | | 161,098 | | 38.2 |
| Selling, general, and administrative expenses | 358,402 | | | 32.8 | | | 294,090 | | 33.6 | | (64,312) | | (21.9) |
| Income from operations | 224,617 | | | 20.6 | | | 127,831 | | 14.6 | | 96,786 | | 75.7 |
First 8 of 17 rows. The CSV has all of them.
Table 27 after “Net sales by location, and by brand and channel were as follows:”
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| Three Months Ended September 30, | | | | | | |
| 2023 | 2022 | | Change | | | |
| Amount | Amount | | Amount | % | | |
| Net sales by location | | | | | | | |
| Domestic | $748,033 | | $617,709 | | | $130,324 | 21.1% |
| International | 343,874 | | 257,905 | | | 85,969 | 33.3 |
| Total | $1,091,907 | | $875,614 | | | $216,293 | 24.7% |
| Net sales by brand and channel | | | | | | | |
First 8 of 12 rows. The CSV has all of them.
| Three Months Ended September 30, | | | | | | |
| 2023 | 2022 | | Change | | | |
| Amount | Amount | | Amount | % | | |
| HOKA brand | | | | | | | |
| Wholesale | 262,973 | | 223,035 | | | 39,938 | 17.9 |
| Direct-to-Consumer | 160,988 | | 109,981 | | | 51,007 | 46.4 |
| Total | 423,961 | | 333,016 | | | 90,945 | 27.3 |
| Teva brand | | | | | | | |
First 8 of 23 rows. The CSV has all of them.
Table 29 after “Income (loss) from operations by reportable operating segment was as follows:”
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| Three Months Ended September 30, | | | | | | |
| 2023 | 2022 | | Change | | | |
| Amount | Amount | | Amount | % | | |
| Income (loss) from operations | | | | | | | |
| UGG brand wholesale | $165,902 | | $112,083 | | | $53,819 | 48.0% |
| HOKA brand wholesale | 81,873 | | 63,576 | | | 18,297 | 28.8 |
| Teva brand wholesale | (647) | | 2,737 | | | (3,384) | (123.6) |
| Sanuk brand wholesale | (303) | | 350 | | | (653) | (186.6) |
First 8 of 12 rows. The CSV has all of them.
Table 30 after “Income tax expense and our effective income tax rate were as follows:”
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| Three Months Ended September 30, | | |
| 2023 | 2022 | |
| Income tax expense | $55,770 | | $27,394 |
| Effective income tax rate | 23.8% | | 21.2% |
Table 31 after “. Results of operations were as follows:”
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| Six Months Ended September 30, | | | | | | | | | | | | |
| 2023 | | 2022 | | Change | | | | | | | | |
| Amount | % | | | Amount | % | | Amount | % | | | | |
| Net sales | $1,767,698 | | | 100.0% | | | $1,490,075 | | 100.0% | | $277,623 | | 18.6% |
| Cost of sales | 838,255 | | | 47.4 | | | 773,402 | | 51.9 | | (64,853) | | (8.4) |
| Gross profit | 929,443 | | | 52.6 | | | 716,673 | | 48.1 | | 212,770 | | 29.7 |
| Selling, general, and administrative expenses | 634,090 | | | 35.9 | | | 532,501 | | 35.7 | | (101,589) | | (19.1) |
| Income from operations | 295,353 | | | 16.7 | | | 184,172 | | 12.4 | | 111,181 | | 60.4 |
First 8 of 17 rows. The CSV has all of them.
Table 32 after “Net sales by location, and by brand and channel were as follows:”
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| Six Months Ended September 30, | | | | | | |
| 2023 | 2022 | | Change | | | |
| Amount | Amount | | Amount | % | | |
| Net sales by location | | | | | | | |
| Domestic | $1,167,568 | | $1,002,224 | | | $165,344 | 16.5% |
| International | 600,130 | | 487,851 | | | 112,279 | 23.0 |
| Total | $1,767,698 | | $1,490,075 | | | $277,623 | 18.6% |
| Net sales by brand and channel | | | | | | | |
First 8 of 24 rows. The CSV has all of them.
| Six Months Ended September 30, | | | | | | |
| 2023 | 2022 | | Change | | | |
| Amount | Amount | | Amount | % | | |
| Other brands | | | | | | | |
| Wholesale | 31,289 | | 29,552 | | | 1,737 | 5.9 |
| Direct-to-Consumer | 1,091 | | 1,690 | | | (599) | (35.4) |
| Total | 32,380 | | 31,242 | | | 1,138 | 3.6 |
| Total | $1,767,698 | | $1,490,075 | | | $277,623 | 18.6% |
First 8 of 11 rows. The CSV has all of them.
Table 34 after “Income (loss) from operations by reportable operating segment was as follows:”
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| Six Months Ended September 30, | | | | | | |
| 2023 | 2022 | | Change | | | |
| Amount | Amount | | Amount | % | | |
| Income (loss) from operations | | | | | | | |
| UGG brand wholesale | $182,768 | | $142,748 | | | $40,020 | 28.0% |
| HOKA brand wholesale | 168,397 | | 133,192 | | | 35,205 | 26.4 |
| Teva brand wholesale | 8,590 | | 15,230 | | | (6,640) | (43.6) |
| Sanuk brand wholesale | 456 | | 2,816 | | | (2,360) | (83.8) |
First 8 of 12 rows. The CSV has all of them.
Table 35 after “Income tax expense and our effective income tax rate were as follows:”
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| Six Months Ended September 30, | | |
| 2023 | 2022 | |
| Income tax expense | $73,582 | | $39,547 |
| Effective income tax rate | 23.3% | | 21.3% |
Table 36 after “The following table summarizes the major components of our condensed consolidated statements of cash flows for the periods presented:”
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| Six Months Ended September 30, | | | | | | |
| 2023 | 2022 | | Change | | | |
| Amount | Amount | | Amount | % | | |
| Net cash provided by (used in) operating activities | $121,528 | | $(236,846) | | | $358,374 | 151.3% |
| Net cash used in investing activities | (57,402) | | (24,254) | | | (33,148) | (136.7) |
| Net cash used in financing activities | (217,149) | | (152,466) | | | (64,683) | (42.4) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (5,721) | | (10,702) | | | 4,981 | 46.5 |
| Net change in cash and cash equivalents | $(158,744) | | $(424,268) | | | $265,524 | 62.6% |
Table 37 after “Stock repurchase activity under our stock repurchase program during the three months ended September 30, 2023, was as follows:”
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| Total number of shares repurchased (3) | Weighted average price per share paid | | Dollar value of shares repurchased (1) (2) | Dollar value of shares remaining for repurchase (3) (2) | |
| July 1 - July 31, 2023 | — | | $— | | $— | $1,331,166 |
| August 1 - August 31, 2023 | 183,651 | | 547.61 | | 100,569 | 1,230,597 |
| September 1 - September 30, 2023 | 163,327 | | 519.81 | | 84,900 | 1,145,697 |
Table 38 after “activity of our directors and officers in respect of their Rule 10b5-1 trading plans during the three months ended September 30, 2023:”
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| Name & Title | Adoption Date | Termination Date | Contract End Date | Aggregate Shares Covered (in ones) |
| Dave Powers, Chief Executive Officer, President, and Director | September 8, 2023 | * | April 22, 2024 | 35,957 |
| Stefano Caroti, Chief Commercial Officer | September 6, 2023 | * | August 25, 2024 | 14,725 |
| Exhibit Number | Description of Exhibit |
| *31.1 | Certification of Principal Executive Officer pursuant to Rule 13a-14(a) under the Exchange Act, adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, as amended |
| *31.2 | Certification of Principal Financial and Accounting Officer pursuant to Rule 13a-14(a) under the Exchange Act, adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, as amended |
| **32.1 | Certification pursuant to 18 U.S.C. Section 1350, adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, as amended |
| *101.INS | Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document) |
| *101.SCH | Inline XBRL Taxonomy Extension Schema Document |
| *101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| *101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document |
First 8 of 11 rows. The CSV has all of them.