Dillard's (NYSE: DDS) VP Brant Musgrave adds 42 Class A shares

Rhea-AI Filing Summary

Dillard's, Inc. insider Brant Musgrave, Corporate VP Stores, acquired 42 shares of Common Class A stock on January 30, 2026 at $607.55 per share. Following this transaction, he directly owns 3,321 Common Class A shares.

In addition, he holds 8,468 shares of Common Class A through a retirement plan, also reported as directly owned. The filing shows an increase in his equity stake rather than a sale.

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

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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^*

MUSGRAVE BRANT

(Last) (First) (Middle)

1600 CANTRELL RD

(Street)

LITTLE ROCK AR 72201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DILLARD'S, INC. [ DDS ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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 Class A	01/30/2026		A		42	A	$607.55	3,321	D
Common Class A - Retirement Plan								8,468	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:

	/s/ Brant Musgrave	02/03/2026
	** 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.

FAQ

What insider transaction did DDS executive Brant Musgrave report?

Brant Musgrave reported acquiring 42 shares of Dillard's Common Class A stock. The purchase occurred on January 30, 2026 at a price of $607.55 per share, increasing his directly held DDS share ownership.

At what price did Brant Musgrave buy Dillard's (DDS) shares?

He bought 42 Dillard's Common Class A shares at $607.55 per share. This price represents the transaction value reported for the January 30, 2026 acquisition in his Form 4 insider trading report.

How many Dillard's (DDS) shares does Brant Musgrave own after this trade?

After the reported transaction, Brant Musgrave directly holds 3,321 Common Class A shares. He also has 8,468 additional Common Class A shares reported under a retirement plan, both positions shown as directly owned.

Was the January 30, 2026 DDS insider transaction a purchase or a sale?

The January 30, 2026 insider transaction was a purchase coded as an acquisition. Brant Musgrave acquired 42 Common Class A shares, increasing rather than reducing his Dillard's equity position according to the Form 4 filing.

What is Brant Musgrave’s role at Dillard's (DDS) in this Form 4 filing?

In this Form 4, Brant Musgrave is identified as an officer of Dillard's serving as Corporate VP Stores. The filing clarifies he is not a director or 10% owner but reports insider trades in that executive capacity.

Does Brant Musgrave hold Dillard's (DDS) shares through a retirement plan?

Yes, the filing shows 8,468 Dillard's Common Class A shares held under a retirement plan. These retirement plan shares are reported in addition to his 3,321 directly held shares, both categorized as direct ownership in the document.