Dillard's (DDS) director and SVP reports new insider share purchase

Rhea-AI Filing Summary

Dillard's, Inc. insider activity shows a small share purchase by a senior executive and director. On 12/29/2025, a reporting person acquired 17 shares of Dillard's Class A common stock at $632.11 per share. After this transaction, the person beneficially owns 28,751 shares directly through a retirement plan and 15,763 shares directly outside the plan.

Additional indirect ownership includes 189,065 shares held in a trust for the benefit of the reporting person and his family, and 13,655 shares owned by the spouse. The filer is both a director and a senior vice president of Dillard's, and this Form 4 covers only non-derivative equity holdings, with no derivative securities reported.

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
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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. III

(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		17	A	$632.11	28,751	D
Common Class A - Retirement Plan								15,763	D
Common Class A								189,065(1)	I	See Footnote(1)
Common Class A								13,655(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. Trustee on shares held in trust for the benefit of the reporting person and his family.

2. Owned by Spouse

	/s/ William T. Dillard III	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.

FAQ

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

The filing reports that a company insider acquired 17 shares of Dillard's Class A common stock on 12/29/2025 at a price of $632.11 per share.

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

Following the reported transaction, the insider beneficially owns 28,751 shares directly through a retirement plan and 15,763 shares directly outside the plan.

What indirect Dillard's (DDS) share holdings are disclosed in the Form 4?

The filing shows indirect ownership of 189,065 shares held in a trust for the benefit of the reporting person and his family, and 13,655 shares owned by the spouse.

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

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

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

No. The section for derivative securities (such as options or warrants) shows no entries, indicating no derivative transactions were reported in this filing.

How are the trust and spouse holdings in Dillard's (DDS) described?

The trust holdings are described as shares held in trust for the benefit of the reporting person and his family, while the additional indirect shares are owned by the spouse.