Morris Goldfarb, Chief Executive Officer and Director of G-III Apparel Group, Ltd. (NASDAQ: GIII), disclosed an open-market purchase of 40,000 shares on September 14, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The transaction was executed at a price of $27.94 per share, for a total outlay of $1,117,600.00.
Unlike stock acquired through option exercises or vesting of restricted awards, this filing reflects a direct cash purchase on the open market. That distinction matters to analysts who track insider activity, since it means Goldfarb used his own funds to increase his stake rather than simply converting existing compensation into shares.
Following the purchase, Goldfarb’s directly held position stands at 4,527,675 shares. The 40,000-share addition is a small percentage of that total holding, but it comes from a top executive with the most direct visibility into the company’s operations, order books, and near-term outlook.
What the Filing Shows
The Form 4 lists the transaction as coded for an open-market buy, which whoisbuyingnow.com classifies simply as an ‘open market buy’ signal. There are no accompanying option grants, 10b5-1 plan notations, or derivative transactions listed in this particular filing. The disclosure is limited to the purchase itself: 40,000 shares, $27.94 each, dated September 14, 2026.
G-III Apparel Group designs, sources, and markets a broad portfolio of apparel and accessories brands, including licensed and owned labels sold through wholesale and retail channels. As CEO, Goldfarb has led the company for decades, and his transactions are closely watched by shareholders who view executive buying and selling patterns as one data point among many when evaluating a company.
Context for Insider Buying Signals
Academic research on insider trading disclosures has generally found that clusters of open-market purchases by executives and directors are statistically associated with periods of subsequent outperformance, on average and across large samples of companies. That research speaks to broad historical patterns, not to any individual filing, and this single transaction from Goldfarb should not be read as a forecast of how GIII shares will perform.
Investors reviewing this disclosure can weigh it alongside other public information about G-III Apparel Group, including its financial filings, earnings reports, and broader trends in the apparel and retail sector. The filing itself is now part of the public record and will be available through the SEC’s EDGAR system.
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Source: original SEC Form 4 filing.