Dillard's, Inc. (DDS) president reports 638-share Class A transfer

Rhea-AI Filing Summary

Dillard's, Inc. insider Alex Dillard reported a small share transfer. On 12/17/2025, he disposed of 638 shares of Dillard's Class A Common Stock in a transaction coded "G," at a reported price of $0, indicating a gift or similar no‑consideration transfer.

After this transaction, Alex Dillard beneficially owns 1,018,244 Class A shares directly. He is listed as a director, president, and 10% owner of the company. The filing also reports additional indirect Class A holdings of 41,496, 7,300, and 36,561 shares through W.D. Company, Inc., a GST trust, and his spouse. W.D. Company, Inc. holds 3,985,776 shares of Class B Common Stock that are convertible into Class A on a one-for-one basis. The reporting person disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.

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).

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^*

DILLARD ALEX

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/17/2025

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	12/17/2025		G		638	D	$0	1,018,244	D
Common Class A								41,496	I	See Footnote(1)
Common Class A								7,300	I	See Footnote(2)
Common Class A								36,561	I	See Footnote(3)

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. These shares are held by W.D. Company, Inc. The reporting person owns 27.9% of W.D. Company, Inc. and is one of its directors and officers. W. D. Company, Inc. also holds 3,985,776 shares of Class B Common Stock, which are convertible into shares of Class A Common Stock on a one-for-one basis.

2. Trustee of GST Trust

3. Owned by Spouse.

Remarks:

The reporting person disclaims beneficial ownership of the shares reported herein as indirectly beneficially owned, except to the extent of his pecuniary interest therein.

	/s/ Alex Dillard	12/19/2025
	** 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 Alex Dillard report for Dillard's (DDS)?

Alex Dillard reported a transaction on 12/17/2025 involving the disposal of 638 shares of Dillard's Class A Common Stock in a transaction coded "G" at a reported price of $0, indicating a no‑consideration transfer such as a gift.

How many Dillard's (DDS) shares does Alex Dillard own after this Form 4 transaction?

Following the reported transaction, Alex Dillard beneficially owns 1,018,244 shares of Dillard's Class A Common Stock directly. The filing also shows additional indirect Class A holdings of 41,496, 7,300, and 36,561 shares through various entities and his spouse.

What indirect holdings related to Dillard's (DDS) are disclosed for Alex Dillard?

The filing states that 41,496 Class A shares are held by W.D. Company, Inc., 7,300 Class A shares by a GST trust, and 36,561 Class A shares are owned by his spouse. It also notes that W.D. Company, Inc. holds 3,985,776 shares of Class B Common Stock, convertible into Class A on a one-for-one basis.

What is Alex Dillard’s relationship to Dillard's (DDS)?

Alex Dillard is identified as a director, president, and 10% owner of Dillard's, Inc. in the filing.

Does Alex Dillard claim full beneficial ownership of all indirectly held Dillard's (DDS) shares?

No. The filing states that the reporting person disclaims beneficial ownership of the shares reported as indirectly beneficially owned, except to the extent of his pecuniary interest in those holdings.

What additional information is disclosed about W.D. Company, Inc. in relation to Dillard's (DDS)?

The filing explains that the reported insider owns 27.9% of W.D. Company, Inc. and is one of its directors and officers. W.D. Company, Inc. holds 3,985,776 shares of Dillard's Class B Common Stock, which are convertible into Class A Common Stock on a one-for-one basis.