[Form 4] Dillards Inc. Insider Trading Activity

Rhea-AI Filing Summary

Mike Litchford, a vice president at Dillard's, acquired 9 shares of Dillard's Class A common stock on 08/25/2025 at a price of $533.45 per share. After the purchase he directly beneficially owns 3,177 shares, and an additional 3,568 shares are reported as held in a retirement plan, indicating combined ownership across direct and plan-held positions.

Positive

• Insider purchase reported, indicating continued ownership and alignment with shareholder interests
• Clear disclosure of direct and retirement-plan holdings, supporting transparency and compliance

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider purchased a small number of shares, signaling limited but direct confidence.

The reported acquisition of 9 Class A shares at $533.45 is a routine Section 16 disclosure. The transaction increases the reporting person's direct stake to 3,177 shares while an additional 3,568 shares are held in a retirement plan. Given the small size of the purchase relative to typical institutional or executive holdings, the trade is unlikely to be material to valuation or market dynamics; it is, however, a transparent affirmation of ownership by an officer.

Corporate Governance Expert

TL;DR: Filing is a standard, compliant insider disclosure with no governance red flags.

The Form 4 shows the officer properly reported a non-derivative acquisition and disclosed both direct and retirement-plan holdings. There are no indications of amended filings, derivative transactions, or complex indirect ownership structures. From a governance perspective, the record is complete and routine.

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^*

LITCHFORD MIKE

(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)
	VICE PRESIDENT

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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	08/25/2025		A		9	A	$533.45	3,177	D
Common Class A - Retirement Plan								3,568	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/ Mike Litchford	08/27/2025
	** 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 did Mike Litchford report buying in the DDS Form 4?

He reported acquiring 9 shares of Dillard's Class A common stock at $533.45 per share.

How many Dillard's shares does the reporting person own after the transaction?

The filing shows 3,177 shares owned directly and 3,568 shares held in a retirement plan.

Does the Form 4 show any derivative transactions for DDS?

No. Table II for derivative securities is empty; only a non-derivative acquisition is reported.

Is this filing by a single reporting person or multiple persons?

The form is filed by one reporting person according to the document.

What is the reporting person's role at Dillard's listed on the Form 4?

The reporting person is listed as a Vice President of Dillard's.