Dillard's (DDS) president reports small spousal acquisition of Class A shares

Rhea-AI Filing Summary

Dillard's, Inc. (DDS) president, director and 10% owner Alex Dillard reported one new insider transaction in Dillard's Class A common stock. On January 5, 2026, an account described as "Owned by Spouse" acquired 3 shares of Class A at $635.5 per share, bringing that spousal holding to 36,549 indirectly held shares.

In addition to this spousal account, Alex Dillard reports 1,018,262 Class A shares held directly, and 41,496 Class A shares held by W.D. Company, Inc., where he owns 27.9% and serves as a director and officer. W.D. Company, Inc. also holds 3,985,776 Class B shares convertible into Class A on a one-for-one basis. A further 7,300 Class A shares are reported as held as trustee of GST Trust. He disclaims beneficial ownership of shares reported as indirectly owned, except to the extent of his pecuniary interest.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider DILLARD ALEX

Role PRESIDENT

Type	Security	Shares	Price	Value
Grant/Award	Common Class A	3	$635.50	$2K
holding	Common Class A	--	--	--
holding	Common Class A	--	--	--
holding	Common Class A	--	--	--

Holdings After Transaction: Common Class A — 36,549 shares (Indirect, See Footnote); Common Class A — 1,018,262 shares (Direct)

Footnotes (1)

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. Trustee of GST Trust Owned by Spouse.

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).

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)
01/05/2026

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								1,018,262	D
Common Class A								41,496	I	See Footnote(1)
Common Class A								7,300	I	See Footnote(2)
Common Class A	01/05/2026		A		3	A	$635.5	36,549	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	01/06/2026
	** 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 Dillard's (DDS) report for Alex Dillard on January 5, 2026?

The filing reports that on January 5, 2026, an account described as Owned by Spouse acquired 3 shares of Dillard's Class A common stock at $635.5 per share, coded as an acquisition ("A").

How many Dillard's (DDS) Class A shares does Alex Dillard hold directly after this Form 4?

After the reported transaction, Alex Dillard reports 1,018,262 shares of Dillard's Class A common stock held directly in his own name.

What indirect Dillard's (DDS) holdings are reported through W.D. Company, Inc.?

The Form 4 states that 41,496 Class A shares are held by W.D. Company, Inc., in which Alex Dillard owns 27.9% and is a director and officer. It also notes that W.D. Company, Inc. holds 3,985,776 shares of Class B common stock, which are convertible into Class A on a one-for-one basis.

What other indirect Dillard's (DDS) Class A holdings are reported for Alex Dillard?

Besides W.D. Company, Inc., the Form 4 reports 7,300 Class A shares held with Alex Dillard as Trustee of GST Trust, and 36,549 Class A shares described as Owned by Spouse, all classified as indirect ownership.

Does Alex Dillard claim full beneficial ownership of all reported indirect 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 roles does Alex Dillard hold at Dillard's (DDS) according to this Form 4?

According to the Form 4, Alex Dillard is a director, an officer with the title PRESIDENT, and a reported 10% owner of Dillard's, Inc.