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

Rhea-AI Filing Summary

Dillard's, Inc. (DDS)21 shares of Class A common stock at $614.41 per share through a retirement plan transaction.

Following this transaction, Matheny beneficially owns 403,962 Class A shares directly in the retirement plan and an additional 36,648 Class A shares directly. Matheny also reports indirect holdings of 7,300 Class A shares as trustee of GST Trust and 2,521 Class A shares owned by a spouse. This filing reflects updated insider ownership levels and the latest purchase activity in Dillard's stock by a senior executive and director.

11/26/2025 - 04:05 PM

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^*

MATHENY DRUE

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

3. Date of Earliest Transaction (Month/Day/Year)
11/24/2025

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	11/24/2025		A		21	A	$614.41	403,962	D
Common Class A - Retirement Plan								36,648	D
Common Class A								7,300	I(1)	See Footnote(1)
Common Class A								2,521	I(2)	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. Trustee of GST Trust

2. Owned by spouse

	/s/ Drue Matheny	11/26/2025
	** 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 Dillard's (DDS) report in this Form 4?

The filing shows that Executive Vice President and director Drue Matheny acquired 21 shares of Dillard's Class A common stock on 11/24/2025.

At what price were the Dillard's (DDS) shares acquired by Drue Matheny?

Drue Matheny acquired the 21 Class A shares at a price of $614.41 per share.

How many Dillard's (DDS) shares does Drue Matheny beneficially own after the transaction?

After the transaction, Drue Matheny beneficially owns 403,962 Class A shares directly in a retirement plan, 36,648 Class A shares directly, 7,300 Class A shares indirectly as trustee of GST Trust, and 2,521 Class A shares indirectly through a spouse.

What is Drue Matheny’s role at Dillard's (DDS)?

Drue Matheny is reported as both a director and an officer, serving as Executive Vice President of Dillard's, Inc.

What types of ownership are reported for Dillard's (DDS) shares in this Form 4?

The filing lists direct ownership in a retirement plan and in personal accounts, and indirect ownership through a GST Trust and shares owned by a spouse.

Does this Dillard's (DDS) Form 4 report any derivative securities?

The section for derivative securities is included but does not list any specific derivative transactions or holdings in the provided content.