Caleres CSO reports routine tax-share withholding

Caleres Inc. Chief Sourcing Officer Daniel R. Freidman reported a routine tax-related share disposition.

Rhea-AI Filing Summary

Caleres Inc. Chief Sourcing Officer Daniel R. Freidman reported a routine tax-related share disposition. On this Form 4, 2,339 shares of common stock were withheld at $9.25 per share to cover tax obligations, rather than sold in the open market.

After this tax-withholding transaction, Freidman directly holds 77,333 shares of Caleres common stock. The filing also shows an additional 7,532 shares held indirectly through a 401(k) plan, indicating that his overall equity stake in the company remains substantial following the reported activity.

Insider Trade Summary

Exercise Price or Tax Liability: 2,339 shares

Exercise Price or Tax Liability 2 txns

Insider Freidman Daniel R

Role Chief Sourcing Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	2,339	$9.25	$22K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 77,333 shares (Direct); Common Stock — 7,532 shares (Indirect, Indirect holding through 401 (k) Plan)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Caleres (CAL) report for Daniel R. Freidman?

Caleres reported a Form 4 for Chief Sourcing Officer Daniel R. Freidman showing 2,339 common shares withheld for taxes at $9.25 per share. This was a tax-withholding disposition, not an open-market sale, related to equity compensation.

Was the Caleres (CAL) Form 4 transaction a stock sale by the insider?

The Form 4 shows a tax-withholding disposition, not an open-market stock sale. 2,339 shares were delivered to cover tax obligations, which is a mechanical step commonly tied to vesting or equity compensation events rather than a discretionary sale.

How many Caleres (CAL) shares does Daniel R. Freidman hold after the Form 4 transaction?

After the reported transaction, Daniel R. Freidman directly holds 77,333 Caleres common shares. The filing also shows 7,532 additional shares held indirectly through a 401(k) plan, giving a combined position of more than 80,000 shares associated with him.

What does the F transaction code mean in the Caleres (CAL) Form 4?

The F transaction code indicates payment of an exercise price or tax liability by delivering securities. In this Caleres filing, 2,339 shares were used to satisfy tax obligations, classed as a tax-withholding disposition rather than a market purchase or sale.

Does the Caleres (CAL) Form 4 show any derivative exercises or options activity?

The summarized data show no derivative transactions or option exercises in this Form 4. The only reported activity is an F-code tax-withholding disposition of 2,339 common shares, alongside an updated holding entry for shares held indirectly through a 401(k) plan.

How significant is this Caleres (CAL) insider transaction for shareholders?

This filing reflects a routine tax-withholding event rather than a discretionary trade. 2,339 shares were used to cover tax liabilities, while Daniel R. Freidman continues to hold over 77,000 shares directly, so the transaction appears administrative in nature for shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 05:50 PM EDT Learn about SEC filing dates

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^*

Freidman Daniel R

(Last) (First) (Middle)

156 W. 56TH STREET

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CALERES INC [ CAL ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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	03/16/2026		F		2,339	D	$9.25	77,333	D
Common Stock								7,532	I	Indirect holding through 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:

	Thomas C. Burke, Attny In Fact for Daniel R Friedman	03/18/2026
	** 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)