[Form 4] DILLARD'S, INC. Insider Trading Activity

Rhea-AI Filing Summary

Insider purchase reported: James D. Stockman, Vice President and director-level officer of Dillard's, Inc. (DDS), reported acquiring 13 shares of Class A common stock on 09/29/2025 at a price shown as $622.5 per share. After the transaction he beneficially owned 35,267 shares directly, plus 21,093 shares held in a retirement plan. The Form 4 is signed by the reporting person on 10/01/2025.

Insights

Financial Analyst

TL;DR: A small insider purchase by a company officer increases direct ownership modestly, offering limited material impact.

The Form 4 shows James D. Stockman acquired 13 Class A shares on 09/29/2025 at a reported price of $622.5 per share, raising his direct holdings to 35,267 shares while 21,093 shares remain in a retirement plan. The transaction size is minimal relative to total outstanding shares implied by a typical retail issuer, so it is a routine disclosure rather than a material shift in ownership. Documentation is properly signed and filed.

Corporate Governance Expert

TL;DR: Disclosure is complete and timely; the trade appears routine and not governance-changing.

The filing identifies the reporting person, relationship to the issuer (Vice President and director-level officer), transaction date, number of shares acquired (13), resulting beneficial ownership (35,267 direct; 21,093 in a retirement plan), and signature date (10/01/2025). There are no indications of amended filings, joint filings, or indirect ownership structures beyond the retirement plan. This is a standard Section 16 disclosure with no evident governance concerns.

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
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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).

1. Name and Address of Reporting Person^*

STOCKMAN JAMES D

(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)
	VICE PRESIDENT

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2025

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	09/29/2025		A		13	A	$622.5	35,267	D
Common Class A - Retirement Plan								21,093	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/ James D. Stockman	10/01/2025
	** 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 James D. Stockman report on Form 4 for DDS?

The Form 4 reports James D. Stockman acquired 13 Class A shares of Dillard's (DDS) on 09/29/2025 at a reported price of $622.5 per share.

How many Dillard's shares does James D. Stockman beneficially own after the transaction?

After the reported transaction, Stockman beneficially owns 35,267 shares directly and has 21,093 shares held in a retirement plan.

What is James D. Stockman's role at Dillard's as stated on the Form 4?

The Form 4 lists his relationship as an Officer (Vice President) and indicates director-level status with the issuer.

When was the Form 4 signed by the reporting person?

The Form 4 is signed by James D. Stockman on 10/01/2025.

Does the filing indicate a joint filing or amendment?

The filing indicates it was filed by one reporting person and shows no amendment date, so it appears not to be an amendment or joint filing.