Major Shoe Carnival (SCVL) holder donates 166,666 shares to charity

Rhea-AI Filing Summary

Shoe Carnival Inc major holder Delores B. Weaver reported a bona fide gift of Common Stock as part of her estate planning. On April 10, 2026, she gifted 166,666 shares to a donor-advised charitable gift fund. According to the disclosure, she has no control over, cannot direct the disposition of, and has no pecuniary interest in the gifted shares held by the charitable fund.

After the gift, her direct ownership stood at 4,333,180 shares of Shoe Carnival, and an additional 4,177,482 shares were reported as indirectly owned through her spouse. This filing reflects a charitable, non-market transfer rather than an open-market sale.

Insider Trade Summary

166,666 shares gifted

Mixed 2 txns

Insider WEAVER DELORES B

Role 10% Owner

Type	Security	Shares	Price	Value
Gift	Common Stock	166,666	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 4,333,180 shares (Direct); Common Stock — 4,177,482 shares (Indirect, by Spouse)

Footnotes (1)

1. [object Object]

Key Figures

Gifted shares: 166,666 shares Direct holdings after gift: 4,333,180 shares Indirect holdings by spouse: 4,177,482 shares +2 more

5 metrics

Gifted shares 166,666 shares Bona fide gift on April 10, 2026

Direct holdings after gift 4,333,180 shares Common Stock held directly after transaction

Indirect holdings by spouse 4,177,482 shares Common Stock reported as indirectly owned by spouse

Gift transaction code Code G Classified as bona fide gift of Common Stock

Price per gifted share $0.00 per share No consideration paid in charitable gift transfer

Key Terms

bona fide gift, donor-advised charitable gift fund, pecuniary interest, ten percent owner

4 terms

bona fide gift financial

"The transaction code description identifies the transfer as a bona fide gift."

donor-advised charitable gift fund financial

"The shares were gifted by Delores B. Weaver to a donor-advised charitable gift fund."

pecuniary interest financial

"Mrs. Weaver ... has no pecuniary interest in the gifted shares."

ten percent owner financial

"The reporting person is marked as a ten percent owner of the issuer."

Form 4 Insider Transactions: What Each Field Means →

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^*

WEAVER DELORES B

(Last) (First) (Middle)

1800 INNOVATION POINT

5TH FLOOR

(Street)

FORT MILL SOUTH CAROLINA 29715

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SHOE CARNIVAL INC [ SCVL ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

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

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

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

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	04/10/2026		G		166,666(1)	D	$0.0	4,333,180	D
Common Stock								4,177,482	I	by Spouse

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:

1. The shares were gifted by Delores B. Weaver to a donor-advised charitable gift fund as part of her estate planning. Mrs. Weaver has no control over, and cannot direct the disposition of, the gifted shares by the charitable gift fund and has no pecuniary interest in the gifted shares.

	By: Patrick C. Edwards For: Delores B. Weaver	04/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Delores B. Weaver report in this Form 4 for SCVL?

Delores B. Weaver reported a bona fide gift of Shoe Carnival Common Stock. She transferred 166,666 shares on April 10, 2026 to a donor-advised charitable gift fund as part of her estate planning, rather than executing any open-market sale of shares.

How many Shoe Carnival (SCVL) shares did Delores B. Weaver gift?

She gifted 166,666 shares of Shoe Carnival Common Stock. The transfer was characterized as a bona fide gift to a donor-advised charitable gift fund in connection with her estate planning, and it did not involve a sale price or open-market transaction.

Does Delores B. Weaver retain ownership after gifting Shoe Carnival shares?

Yes. After gifting 166,666 shares, she reported direct ownership of 4,333,180 Shoe Carnival shares. The filing also shows 4,177,482 shares held indirectly through her spouse, indicating she continues to have a substantial reported stake in the company.

What control does Delores B. Weaver have over the gifted SCVL shares?

The filing states she has no control over the gifted shares. Once transferred to the donor-advised charitable gift fund, she cannot direct their disposition and has no pecuniary interest in those shares, meaning she does not benefit financially from them.

Was the Shoe Carnival (SCVL) transaction a market sale or a charitable gift?

The transaction was a charitable gift, not a market sale. The Form 4 identifies the code as a bona fide gift and explains that the shares were transferred to a donor-advised charitable gift fund as part of Delores B. Weaver’s estate planning.

How is indirect ownership of Shoe Carnival (SCVL) shares reported for Delores B. Weaver?

Indirect ownership is reported as held "by Spouse" in the filing. After the reported transactions, 4,177,482 Shoe Carnival shares are listed as indirectly owned through her spouse, separate from the 4,333,180 shares held in her direct ownership.