Charitable gift reshapes Shoe Carnival (SCVL) insider share holdings

Rhea-AI Filing Summary

Shoe Carnival chairman Wayne J. Weaver reported a charitable transfer of common stock indirectly owned through his spouse. On April 10, 2026, his spouse made a bona fide gift of 166,666 shares of Shoe Carnival common stock to a donor-advised charitable gift fund as part of her estate planning. The filing notes that she has no control over, cannot direct the disposition of, and has no pecuniary interest in the gifted shares held by the fund.

After this transaction, Weaver reported 4,177,482 shares held directly and 4,333,180 shares held indirectly through his spouse. The event reflects a non-cash, non-market gift disposition rather than an open-market sale.

Insider Trade Summary

166,666 shares gifted

Mixed 2 txns

Insider WEAVER WAYNE J

Role CHAIRMAN OF THE BOARD

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

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

Footnotes (1)

1. [object Object]

Key Figures

Charitable gift: 166,666 shares Indirect holdings after gift: 4,333,180 shares Direct holdings after gift: 4,177,482 shares

3 metrics

Charitable gift 166,666 shares Bona fide gift of common stock on April 10, 2026

Indirect holdings after gift 4,333,180 shares Common stock held indirectly through spouse after transaction

Direct holdings after gift 4,177,482 shares Common stock held directly after reported transaction

Key Terms

bona fide gift, donor-advised charitable gift fund, pecuniary interest

3 terms

bona fide gift financial

"transaction_code_description": "Bona fide gift""

donor-advised charitable gift fund financial

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

pecuniary interest financial

"has no pecuniary interest in the gifted shares"

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 WAYNE J

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CHAIRMAN OF THE BOARD

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	I	by Spouse
Common Stock								4,177,482	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:

1. The shares were gifted by Delores B. Weaver, the reporting person's spouse, to a donor-advised charitable gift fund as part of her estate planning. The reporting person's spouse 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: J. Wayne 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 insider transaction did SCVL chairman Wayne J. Weaver report?

Wayne J. Weaver reported a charitable gift transfer of Shoe Carnival shares. His spouse gifted 166,666 shares of common stock to a donor-advised charitable gift fund as part of her estate planning, classified in the filing as a bona fide gift disposition.

How many SCVL shares were included in the charitable gift?

The charitable gift involved 166,666 shares of Shoe Carnival common stock. These shares were indirectly held through Wayne Weaver’s spouse and were transferred at no stated price to a donor-advised charitable gift fund for estate planning purposes.

Does the SCVL Form 4 reflect an open-market sale of shares?

No, the Form 4 reflects a bona fide gift, not an open-market sale. The 166,666 Shoe Carnival shares were donated to a donor-advised charitable gift fund, with no transaction price reported and no pecuniary interest retained by the reporting person’s spouse.

How many SCVL shares does Wayne J. Weaver hold after the reported gift?

After the gift, Wayne J. Weaver reported 4,177,482 shares held directly. He also reported 4,333,180 shares held indirectly through his spouse, giving investors a view of his total reported beneficial position following the charitable transfer.

Who executed the SCVL share gift and what is their interest afterward?

The gift was executed by Delores B. Weaver, the reporting person’s spouse. According to the filing, she has no control over or pecuniary interest in the gifted Shoe Carnival shares once held by the donor-advised charitable gift fund.

What is a donor-advised charitable gift fund in the context of SCVL’s Form 4?

In this context, a donor-advised charitable gift fund is the recipient of the gifted SCVL shares. The spouse contributed 166,666 shares to this fund, and the filing states she cannot direct their disposition and has no financial interest in those shares after the donation.