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

Rhea-AI Filing Summary

Chris B. Johnson, Senior Vice President and director at Dillard's, Inc. (DDS), reported insider transactions dated 09/29/2025. The filing shows a sale of 400 Common Class A shares at $617 and an acquisition of 12 Common Class A shares at $622.50. Following these transactions, the reporting person is listed as beneficially owning 9,351 Common Class A shares directly and 9,270 Common Class A shares in a retirement plan.

Positive

• Compliance filing completed: Form 4 signed and dated, fulfilling Section 16 reporting obligations
• Continued significant ownership: Reporting person still holds a substantial number of shares both directly (9,351) and in a retirement plan (9,270)

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider executed a small sale and smaller purchase, with substantial holdings remaining in both direct and retirement plan accounts.

The reported sale of 400 shares at $617 and purchase of 12 shares at $622.50 represent routine, low‑magnitude insider activity relative to total reported holdings. The filing discloses both direct ownership (9,351 shares) and retirement plan holdings (9,270 shares). No derivative transactions or amendments are reported. For investors, this is a disclosure of insider activity but not a material change to ownership.

Corporate Governance Expert

TL;DR: Transactions are standard Section 16 reporting; nothing in the form indicates a governance or control shift.

The Form 4 lists the reporting person as an officer and director and provides executed transactions on 09/29/2025. The mix of a sale and a purchase plus retirement plan holdings suggests routine portfolio activity or plan allocations. The filing contains a manual signature dated 10/01/2025 and includes no explanatory footnotes or derivative positions. This is a routine compliance disclosure rather than a governance event.

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).

1. Name and Address of Reporting Person^*

Johnson Chris B.

(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)
	SENIOR 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		S		400	D	$617	9,351	D
Common Class A	09/29/2025		A		12	A	$622.5	9,363	D
Common Class A - Retirement Plan								9,270	D

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:

	/s/ Chris B. Johnson	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 insider transactions did Chris B. Johnson report for DDS on 09/29/2025?

He reported a sale of 400 Common Class A shares at $617 and an acquisition of 12 Common Class A shares at $622.50.

How many Dillard's (DDS) shares does the reporting person beneficially own after these transactions?

He is shown as beneficially owning 9,351 Common Class A shares directly and 9,270 Common Class A shares held in a retirement plan.

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

He is listed as a Director and Senior Vice President.

Were any derivative securities reported in this Form 4 for DDS?

No derivative securities were reported; Table II contains no entries.

When was the Form 4 signed and filed for these DDS transactions?

The signature on the form is dated 10/01/2025 and the transactions are dated 09/29/2025.