[Form 4] Dillards Inc. Insider Trading Activity

Rhea-AI Filing Summary

Dean L. Worley, listed as VP/General Counsel & Secretary and a director of Dillard's, Inc. (DDS), reported a purchase of 9 shares of Common Class A stock on 08/25/2025 at a price of $533.45 per share. After the transaction, he beneficially owns 6,592 shares directly and 3,483 shares through a retirement plan. The Form 4 reflects a small, routine insider acquisition with no derivative transactions disclosed.

Insights

Financial Analyst

TL;DR: A small insider purchase: 9 shares at $533.45, immaterial to company capitalization.

The reported acquisition is modest in size relative to the issuer and likely reflects a routine personal purchase rather than a material shift in insider exposure. The filing shows no options or derivative activity and indicates combined direct and retirement-plan holdings of 10,075 shares. Given the small volume and high per-share price, this transaction is unlikely to move market perceptions or valuation metrics.

Corporate Governance Expert

TL;DR: Routine disclosure consistent with Section 16 reporting; no governance red flags.

The Form 4 properly identifies the reporting person, relationship to the issuer, transaction date, and post-transaction holdings. The transaction code shows an open-market acquisition and there are no indications of trading pursuant to a Rule 10b5-1 plan or of any amendments. This is a standard insider report that fulfills disclosure obligations without revealing material corporate developments.

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

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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^*

Worley Dean L.

(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)
	VP/GENERAL COUNSEL & SECRETARY

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	6,592	D
Common Class A - Retirement Plan								3,483	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/ Dean L. Worley	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 transaction did Dean L. Worley report on the Form 4 for DDS?

He reported an open-market purchase of 9 shares of Dillard's Common Class A on 08/25/2025 at $533.45 per share.

How many Dillard's (DDS) shares does Dean L. Worley own after the reported transaction?

Following the transaction he beneficially owns 6,592 shares directly and 3,483 shares in a retirement plan, totaling 10,075 shares.

Does the Form 4 disclose any derivative or option activity for Dean L. Worley?

No. Table II shows no derivative securities acquired, disposed of, or beneficially owned in this filing.

What is Dean L. Worley’s relationship to Dillard's reported on the form?

He is reported as a Director and an Officer with the title VP/General Counsel & Secretary.

Was this filing made jointly with other reporting persons?

No. The form indicates it was filed by one reporting person.