Dillard's (DDS) Corporate VP Stores reports insider purchase of Class A shares

Rhea-AI Filing Summary

Dillard's, Inc. (DDS) reported an insider share purchase by a senior executive. A Corporate VP Stores acquired 9 shares of Common Class A stock on 12/29/2025 in a direct transaction at a price of $632.11 per share. After this transaction, the executive directly owns 3,279 Common Class A shares. The filing also shows an additional 8,461 Common Class A shares held in a retirement plan, reported as direct ownership. This Form 4 provides transparency into insider equity holdings and recent activity by a key officer.

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

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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^*

MUSGRAVE BRANT

(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)
	CORPORATE VP STORES

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		9	A	$632.11	3,279	D
Common Class A - Retirement Plan								8,461	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/ Brant Musgrave	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, Inc. (DDS) disclose in this Form 4?

The filing shows a Corporate VP Stores of Dillard's, Inc. acquired 9 shares of Common Class A stock on 12/29/2025 at $632.11 per share in a direct transaction.

How many Dillard's (DDS) shares does the reporting person own after this transaction?

Following the reported transaction, the executive directly owns 3,279 Common Class A shares, plus 8,461 Common Class A shares held in a retirement plan, also reported as direct ownership.

What is the role of the insider involved in this Dillard's (DDS) Form 4 filing?

The reporting person is an officer of Dillard's, Inc., holding the title Corporate VP Stores, as disclosed under the relationship to issuer section.

Was the Dillard's (DDS) insider transaction direct or indirect ownership?

The 9 shares acquired on 12/29/2025 and the 3,279 shares held after the transaction are reported as direct (D) ownership. The 8,461 shares in the retirement plan are also listed as direct ownership.

What type of security did the Dillard's (DDS) insider acquire?

The insider acquired Common Class A shares of Dillard's, Inc., as indicated in Table I of the non-derivative securities section.

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

Table II for derivative securities is present but contains no reported acquisitions or dispositions, indicating no derivative transactions in this filing excerpt.