Caleres (CAL) executive sells 11,207 shares under Rule 10b5-1 plan

Rhea-AI Filing Summary

Caleres Inc Chief Sourcing Officer Daniel R. Freidman reported an open-market sale of 11,207 shares of Caleres common stock at $15.00 per share on May 28, 2026. The filing notes the sale was executed under a Rule 10b5-1 trading plan adopted on December 16, 2025, indicating it was pre-arranged. Following the sale, Freidman directly owns 64,780 common shares and indirectly holds 7,443 shares through a 401(k) plan.

Insider Trade Summary 10b5-1

Net Seller: 11,207 shares ($168,105)

Net Sell 2 txns

Insider Freidman Daniel R

Role Chief Sourcing Officer

Sold 11,207 shs ($168K)

Type	Security	Shares	Price	Value
Sale	Common Stock	11,207	$15.00	$168K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 64,780 shares (Direct, null); Common Stock — 7,443 shares (Indirect, Indirect holding through 401 (k) Plan)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 11,207 shares Sale price: $15.00 per share Direct holdings after sale: 64,780 shares +3 more

6 metrics

Shares sold 11,207 shares Open-market sale of Caleres common stock on May 28, 2026

Sale price $15.00 per share Price for the 11,207 Caleres shares sold

Direct holdings after sale 64,780 shares Caleres common stock held directly by Freidman after transaction

Indirect 401(k) holdings 7,443 shares Caleres common stock held indirectly through 401(k) plan

10b5-1 plan adoption date December 16, 2025 Date Freidman adopted the Rule 10b5-1 trading plan

Sell transactions count 1 sale Single reported open-market or private sale in this Form 4

Key Terms

Rule 10b5-1 trading plan, open-market sale, Indirect holding, 401 (k) Plan

4 terms

Rule 10b5-1 trading plan regulatory

"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Indirect holding financial

"Indirect holding through 401 (k) Plan"

401 (k) Plan financial

"Indirect holding through 401 (k) Plan"

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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).

X

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)
05/28/2026

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	05/28/2026		S		11,207(1)	D	$15	64,780	D
Common Stock								7,443	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:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 16, 2025.

	Thomas C. Burke, Attny In Fact for Daniel R Friedman	06/01/2026
	** 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 CALERES INC (CAL) report for Daniel R. Freidman?

CALERES INC reported that Chief Sourcing Officer Daniel R. Freidman sold 11,207 shares of common stock at $15.00 per share on May 28, 2026. This was an open-market transaction disclosed in a Form 4 filing.

Was the Caleres (CAL) insider sale by Daniel R. Freidman pre-planned?

Yes. The Form 4 states the sales were effected under a Rule 10b5-1 trading plan adopted by Daniel R. Freidman on December 16, 2025. Such plans preset trading parameters in advance, indicating the timing was scheduled rather than discretionary.

How many Caleres (CAL) shares does Daniel R. Freidman own after the reported sale?

After the reported sale, Daniel R. Freidman directly owns 64,780 shares of Caleres common stock. He also indirectly holds 7,443 additional shares through a 401(k) plan, as disclosed in the Form 4 filing.

What price did Daniel R. Freidman receive for his Caleres (CAL) share sale?

Daniel R. Freidman’s reported sale of Caleres common stock was executed at $15.00 per share. The Form 4 identifies this as an open-market or private transaction sale on May 28, 2026.

How is Daniel R. Freidman’s 401(k) position in Caleres (CAL) reported?

The Form 4 lists an indirect holding of 7,443 Caleres common shares through a 401(k) plan. This line is characterized as a holding entry, not a new transaction, and reflects shares indirectly owned via the retirement plan.