[Form 4] AMERICAN EAGLE OUTFITTERS INC Insider Trading Activity

Rhea-AI Filing Summary

Director Cary D. McMillan reported a sale of 2,945 shares of American Eagle Outfitters (AEO) on 10/03/2025 at a reported price of $16.955 per share. After the transaction the filing shows 0 shares beneficially owned by the reporting person. The Form 4 was executed by an attorney-in-fact on 10/06/2025.

Positive

• Timely disclosure of the insider sale via a Form 4
• Transaction details provided (shares sold, price, dates) enabling investor transparency

Negative

• Reporting director's beneficial ownership reduced to 0 shares after the sale
• Sale of 2,945 shares could indicate insider liquidity rather than continued ownership

Insights

Corporate Governance Analyst

Director sale reduced holdings to zero; disclosure is routine but notable.

The reported transaction is a direct sale of 2,945 common shares on 10/03/2025 at $16.955 per share, leaving the reporting director with 0 beneficially owned shares. Such sales are standard Section 16 disclosures that document insider liquidity events.

Key dependencies include timing relative to any blackout periods and whether the sale was made under a written plan; the form indicates a simple sale code and lists an attorney-in-fact signature on 10/06/2025. Investors may monitor future Form 4 filings for any repurchases or other insider transactions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MCMILLAN CARY D

(Last) (First) (Middle)

225 WEST WACKER DRIVE - SUITE 1600

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AMERICAN EAGLE OUTFITTERS INC [ AEO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, without par value	10/03/2025		S		2,945	D	$16.955	0.0000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Robert J. Tannous, Attorney-in-Fact	10/06/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did AEO director Cary D. McMillan sell and when?

The Form 4 reports a sale of 2,945 shares on 10/03/2025 at $16.955 per share.

How many AEO shares does Cary D. McMillan own after the reported transaction?

The filing shows 0 shares beneficially owned following the transaction.

Who signed the Form 4 for the reported AEO sale?

The Form 4 was executed by Robert J. Tannous, Attorney-in-Fact on 10/06/2025.

What does the transaction code 'S' mean on a Form 4?

Transaction code 'S' indicates a sale of securities by the reporting person.

Is this Form 4 filing material to investors in AEO?

The filing discloses an insider sale and 0 post-transaction holdings, which investors may consider when assessing insider ownership trends.