Dillard's insider buys 11 shares of Class A stock

Dillard's, Inc. insider activity: A company director and senior vice president reported acquiring 11 shares of Dillard's Class A common stock on 12/29/2025 at a price of $632.11 per share.

Rhea-AI Filing Summary

Dillard's, Inc. insider activity: A company director and senior vice president reported acquiring 11 shares of Dillard's Class A common stock on 12/29/2025 at a price of $632.11 per share. Following this transaction, the insider directly beneficially owns 163,525 Class A shares and indirectly beneficially owns 7,300 additional shares as trustee of the GST Trust.

Insider Trade Summary

Grant/Award: 11 shares

Grant/Award 2 txns

Insider Mahaffy Denise Dillard

Role SENIOR VICE PRESIDENT

Type	Security	Shares	Price	Value
Grant/Award	Common Class A	11	$632.11	$7K
holding	Common Class A	--	--	--

Holdings After Transaction: Common Class A — 163,525 shares (Direct); Common Class A — 7,300 shares (Indirect, See Footnote)

Footnotes (1)

1. F1. Trustee of GST Trust

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Dillard's (DDS) report on this Form 4?

An insider who is both a director and senior vice president of Dillard's, Inc. reported acquiring 11 shares of Class A common stock on 12/29/2025.

At what price were the Dillard's (DDS) shares acquired in this insider trade?

The insider acquired the 11 Dillard's Class A shares at a price of $632.11 per share.

How many Dillard's (DDS) shares does the insider own after the reported transaction?

After the transaction, the insider directly beneficially owns 163,525 Class A shares and indirectly beneficially owns 7,300 additional shares.

How are the indirect Dillard's (DDS) shares held by the reporting person structured?

The 7,300 indirectly owned shares are held through a GST Trust, where the reporting person serves as trustee.

What is the relationship of the reporting person to Dillard's (DDS)?

The reporting person is identified as both a director and an officer of Dillard's, Inc., with the officer title of Senior Vice President.

Is this Dillard's (DDS) Form 4 filed for an individual or a group?

This Form 4 is indicated as being filed by one reporting person, not by a group.

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Accepted by SEC EDGAR 12/30/2025 - 04:05 PM Learn about SEC filing dates

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^*

Mahaffy Denise Dillard

(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)
	SENIOR VICE PRESIDENT

3. Date of Earliest Transaction (Month/Day/Year)
12/29/2025

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	12/29/2025		A		11	A	$632.11	163,525	D
Common Class A								7,300(1)	I	See Footnote(1)

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

	/s/ Denise Dillard Mahaffy	12/30/2025
	** 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.