BKE Rule 144 Notice: 20,000 Shares Planned Sale via UBS on NYSE
Rhea-AI Filing Summary
Form 144 filed for The Buckle, Inc. (BKE) reporting a proposed sale of 20,000 common shares through UBS Financial Services with an approximate aggregate market value of $1,180,000. The filing lists an approximate sale date of 09/05/2025 on the NYSE. The shares were originally acquired on 01/04/2008 as restricted stock units issued as compensation and the filing indicates payment/consideration was compensation-related. The filer reports two recent sales in the past three months: 10,000 shares sold on 07/22/2025 for $497,881 and 10,000 shares sold on 07/23/2025 for $599,324. The notice includes the standard representation that the filer is not aware of undisclosed material adverse information about the issuer.
Positive
- Transparent disclosure of planned sale date, broker, share count, acquisition date, and nature of acquisition (RSU)
- Recent sales reported with specific gross proceeds for investor visibility
Negative
- Insider selling of 20,000 shares (planned) and 20,000 shares sold in July 2025 may be viewed negatively by some investors
- Missing filer relationship to the issuer and absence of a stated 10b5-1 plan adoption date limit context for the sales
Insights
TL;DR: This is a routine Rule 144 notice documenting an insider sale plan and recent dispositions, filed through UBS.
The filing discloses a planned disposition of 20,000 common shares via a broker on the NYSE and documents that the shares were acquired as RSUs in 2008. The form includes two recent dispositions in July 2025 with listed gross proceeds. From a compliance perspective, the form meets Rule 144 notice requirements by identifying acquisition date, nature (compensation RSU), broker, and recent sales. The representation about lack of undisclosed material adverse information is present, which is standard. The filing does not state the filer’s relationship to the issuer, any 10b5-1 plan adoption date, or other contextual detail.
TL;DR: Insider is selling a modest block of shares; disclosed amounts and dates allow investors to track insider liquidity but not draw conclusions on company performance.
The notice documents sales totaling 20,000 shares planned and 20,000 shares sold in July 2025 with combined gross proceeds of $1,097,205. The planned sale value of $1.18M is explicit. While insider sales can be interpreted by the market, this filing provides transparent transactional data but no commentary on motive or material company developments. Absent additional context (role of filer, size of holding, or plan dates), market impact is likely limited.