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

Rhea-AI Filing Summary

DILLARD WILLIAM T II reported acquisition or exercise transactions in this Form 4 filing.

DILLARD'S, INC. CEO and chairman William T. Dillard II reported a compensation-related stock award on Common Class A shares. He received 16 shares on May 26, 2026 at a price of $570.32 per share, increasing his directly held Class A position to 897,822 shares.

The filing also lists additional holdings: 7,300 Class A shares held through W.D. Company, Inc., 41,496 Class A shares held as trustee of the GST Trust, and 60 Class A shares in a retirement plan. Footnotes note that W.D. Company, Inc. also holds 3,985,776 shares of Class B Common Stock, convertible into Class A on a one-for-one basis.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider DILLARD WILLIAM T II

Role CEO, CHAIRMAN OF BOARD

Type	Security	Shares	Price	Value
Grant/Award	Common Class A	16	$570.32	$9K
holding	Common Class A - Retirement Plan	--	--	--
holding	Common Class A	--	--	--
holding	Common Class A	--	--	--

Holdings After Transaction: Common Class A — 897,822 shares (Direct, null); Common Class A - Retirement Plan — 60 shares (Direct, null); Common Class A — 41,496 shares (Indirect, See Footnote)

Footnotes (1)

1. These shares are held by W.D. Company, Inc. The reporting person owns 27.4% 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

Key Figures

Stock award: 16 shares Award price: $570.32 per share Direct Class A holdings: 897,822 shares +4 more

7 metrics

Stock award 16 shares Common Class A grant on May 26, 2026

Award price $570.32 per share Price for 16-share Class A grant

Direct Class A holdings 897,822 shares Total directly owned after grant

Indirect Class A via W.D. Company, Inc. 7,300 shares Indirect ownership marked with footnote

Indirect Class A via GST Trust 41,496 shares Trustee holdings noted in footnote

Retirement plan Class A 60 shares Common Class A - Retirement Plan

Class B holdings at W.D. Company, Inc. 3,985,776 shares Class B, convertible one-for-one into Class A

Key Terms

Grant, award, or other acquisition, indirect, Class B Common Stock, convertible into shares of Class A Common Stock

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

indirect financial

"ownership_type: indirect with nature_of_ownership See Footnote"

Class B Common Stock financial

"W. D. Company, Inc. also holds 3,985,776 shares of Class B Common Stock"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

convertible into shares of Class A Common Stock financial

"Class B Common Stock, which are convertible into shares of Class A Common Stock"

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 WILLIAM T II

(Last) (First) (Middle)

1600 CANTRELL RD

(Street)

LITTLE ROCK ARKANSAS 72201

(City) (State) (Zip)

UNITED STATES

(Country)

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		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO, CHAIRMAN OF BOARD

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

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 Class A	05/26/2026		A		16	A	$570.32	897,822	D
Common Class A - Retirement Plan								60	D
Common Class A								41,496(1)	I	See Footnote(1)
Common Class A								7,300(2)	I	See Footnote(2)

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 27.4% 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

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/ William T. Dillard, II By: Julie Guymon, Attorney-in-Fact	05/28/2026
	** 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)