[Form 4] The Buckle, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Michelle Hoffman, Senior Vice President of Sales at The Buckle, Inc. (BKE), reported sales of company common stock on 08/25/2025. She sold 20,000 shares at $56.2207 per share and 19,008.86 shares at $55.8605 per share, a total of 39,008.86 shares sold that day. After the transactions she continues to directly hold 75,882 shares. An indirect holding shown as held by a 401(k) plan was reduced to 0. The Form 4 was signed by proxy on 08/26/2025.

Positive

• Reporting compliance: The officer filed a timely Form 4 showing the transactions and retained a substantial direct holding of 75,882 shares

Negative

• Insider selling: The reporting person sold a total of 39,008.86 shares on 08/25/2025 at prices near $56 per share, which may be interpreted negatively by some investors
• 401(k) interest reduced to zero: An indirect holding shown as held by a 401(k) plan was reported as 0 after the transactions

Insights

Securities Analyst

TL;DR: Insider sold ~39,009 shares across two transactions at ~$56 per share, while retaining 75,882 shares directly.

The reported Form 4 shows a routine insider sale by an executive rather than option exercise or grant-related disposition. The sales were executed in two transactions at prices of $56.2207 and $55.8605, suggesting execution near the same market level. Retaining 75,882 shares means the reporting person maintains a meaningful direct ownership stake. There is no disclosure in this filing of a Rule 10b5-1 plan or other explanatory remarks, so this appears as open-market selling rather than a planned disposition stated on the form.

Corporate Governance Expert

TL;DR: Multiple-sale disclosure indicates executive liquidity but no material governance red flags in this single Form 4.

The filing documents standard Section 16 reporting of share disposals by a named officer. The form lists the reporting person as SVP Sales and confirms both direct and previously indirect (401(k)) holdings were affected. The absence of explanatory remarks or indication of Section 16 exemption/amendment limits the filing to a straightforward disclosure; material concerns would require additional context across other filings or patterns of sales.

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^*

HOFFMAN MICHELLE

(Last) (First) (Middle)

2407 W 24TH STREET

(Street)

KEARNEY NE 68845

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BUCKLE INC [ BKE ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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	08/25/2025		S		20,000	D	$56.2207	75,882	D
Common Stock	08/25/2025		S		19,008.86	D	$55.8605	0	I	Held by 401(k) Plan

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:

Remarks:

	Thomas B. Heacock by Power of Attorney	08/26/2025
	** 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 transactions did Michelle Hoffman report on the Form 4 for BKE?

The Form 4 reports two sales on 08/25/2025: 20,000 shares at $56.2207 and 19,008.86 shares at $55.8605.

How many BKE shares does Michelle Hoffman own after the reported transactions?

She directly holds 75,882 shares following the reported sales.

Did the Form 4 disclose a 10b5-1 plan for the sales?

No 10b5-1 plan or contractual plan is disclosed in this Form 4 filing.

When was the Form 4 signed and filed for these transactions?

The filing shows a proxy signature by Thomas B. Heacock dated 08/26/2025.

Are the sales reported as direct or indirect dispositions?

The sales are reported as direct dispositions for the 20,000-share line and an indirect line related to a 401(k) plan was reduced to 0 after the 19,008.86-share disposition.