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

Rhea-AI Filing Summary

Annemarie Jazic, Vice President of Dillard's, Inc. (DDS), reported a change in beneficial ownership on 09/29/2025. The Form 4 shows an acquisition entry for Common Class A stock on 09/29/2025 with the line items listing "A 9 A $622.5" and a following beneficial ownership total of 38,102 shares held directly. The filing also discloses 6,275 shares held in a retirement plan and additional indirect holdings: 41,485 shares via trust (trustee), 250 shares owned by spouse, and 9,419 shares as grantor for children's trust accounts.

Positive

• Officer purchase disclosed, showing the reporting person acquired Common Class A shares on 09/29/2025
• Detailed ownership breakdown provided (direct, retirement plan, spouse, trust) improving transparency

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A company officer reported a small direct acquisition and detailed family/trust holdings; routine disclosure with limited market impact.

The filing documents an officer-level insider purchase on 09/29/2025 and itemizes direct, retirement-plan, spousal and trust-related holdings. This level of disclosure enhances transparency about insider ownership structure and related-party holdings. There is no indication of a large, single-block transfer or sale that would materially affect float or control. Footnotes clarify the nature of indirect holdings, which is useful for governance assessment but do not signal unusual activity.

Securities Analyst

TL;DR: Insider purchase recorded but amounts appear modest relative to public company scale; not a material market-moving transaction.

The Form 4 shows an acquisition notation and subsequent beneficial ownership totals by category. Reported direct holdings of 38,102 shares plus retirement-plan and indirect holdings provide a clear picture of the reporting person's exposure to DDS equity. The entry labeled "A 9 A $622.5" is recorded verbatim in the filing; the form does not provide further context or confirm if that price represents per-share consideration or aggregate amount, so no valuation assumption is made. Overall, this appears routine and unlikely to materially change investor valuation.

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).

1. Name and Address of Reporting Person^*

Jazic Annemarie

(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		9	A	$622.5	38,102	D
Common Class A - Retirement Plan								6,275	D
Common Class A								41,485(1)	I	See Footnote(1)
Common Class A								250(2)	I	See Footnote(2)
Common Class A								9,419(3)	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. Trustee on shares held in Trust accounts.

2. Owned by Spouse

3. Grantor for shares held in children's trust accounts.

	/s/ Annemarie Jazic	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 transaction did Annemarie Jazic report for DDS on 09/29/2025?

The Form 4 reports an acquisition entry for Common Class A stock on 09/29/2025, recorded in the filing as "A 9 A $622.5" and shows direct holdings of 38,102 shares following the transaction.

How many DDS shares does the reporting person beneficially own after the reported transaction?

The filing lists 38,102 shares held directly, 6,275 shares in a retirement plan, and additional indirect holdings of 41,485, 250, and 9,419 shares under trust/spousal designations.

What is the reporting person’s role at Dillard's (DDS)?

The Form 4 identifies the reporting person, Annemarie Jazic, as a Vice President and an officer of Dillard's, Inc.

Do the footnotes explain the nature of indirect ownership in the DDS Form 4?

Yes. Footnotes state the 41,485 shares are held by a trustee in trust accounts, 250 shares are owned by the spouse, and 9,419 shares are held as grantor for children's trust accounts.

Is there any indication this Form 4 filing is an amendment or part of a joint filing for DDS?

The Form indicates it is filed by one reporting person and shows no amendment date; the "If Amendment" field contains no earlier filing date.