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

Rhea-AI Filing Summary

Karen B. Rhoads, a director of The Buckle, Inc. (BKE), reported dispositions of company common stock on 08/25/2025. The filing shows a sale of 20,000 shares at $55.8216 and a separate transfer/gift of 2,000 shares at $0, both reported as indirect holdings by trust. After these transactions, the filing reports 194,776 shares beneficially owned indirectly.

Positive

• Timely and complete disclosure of insider transactions with specific share counts and sale price
• Post-transaction beneficial ownership is explicitly stated (194,776 shares), aiding transparency

Negative

• Insider sale of 20,000 shares at $55.8216 reduces the director's economic exposure
• Transfer of 2,000 shares at $0 indicates a non-sale disposition that may warrant further context (e.g., gift or trust reallocation)

Insights

Corporate Governance Expert

TL;DR: Director disposed of 22,000 shares, mostly a market sale, reducing indirect trust holdings to 194,776 shares.

The Form 4 documents an insider disposal pattern: a market sale of 20,000 shares at a reported price of $55.8216 and a separate transfer of 2,000 shares with $0 consideration, both designated as indirect holdings "by trust." For governance reviewers this is a routine disclosure of a director liquidity event rather than an operational or financial development for the company. The filing is specific on quantities and price for the sale, enabling clear tracking of insider ownership changes.

Securities Analyst

TL;DR: Transaction is a material insider sale by a director but appears routine and non-operational.

From a securities perspective the sale of 20,000 shares at $55.8216 is the key market-impacting element; the additional 2,000-share transfer at $0 likely represents a non-sale transfer (e.g., gift or intra-family/trust reallocation). The reported post-transaction beneficial ownership of 194,776 shares provides a clear snapshot of the director's indirect position after these actions. No derivative transactions or exercisable options are listed.

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
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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^*

RHOADS KAREN B

(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)

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

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								3,687	D
Common Stock	08/25/2025		S		20,000	D	$55.8216	196,776	I	By Trust
Common Stock	08/25/2025		G		2,000	D	$0	194,776	I	By Trust

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 insider transactions did Karen B. Rhoads report on Form 4 for BKE?

The Form 4 reports a sale of 20,000 shares at $55.8216 and a separate transfer of 2,000 shares at $0, both on 08/25/2025.

How many Buckle (BKE) shares does the reporting person own after the transactions?

The filing shows 194,776 shares beneficially owned indirectly following the reported transactions.

Were any derivative securities reported in this Form 4 for BKE?

No. Table II (derivative securities) contains no reported transactions or holdings in this filing.

What is the nature of the reported ownership after the transactions?

The reported holdings are listed as indirect ownership by trust in the Form 4.

When was the Form 4 signed or filed?

The signature block shows the form was signed via Power of Attorney by Thomas B. Heacock on 08/26/2025.