[Form 4] Dillards Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider purchase by a senior executive. Chris B. Johnson, identified as Senior Vice President and a director of Dillard's (DDS), reported an acquisition of 11 shares of Common Class A stock at $533.45 on 08/25/2025. After the transaction, he beneficially owns 9,851 shares directly and an additional 9,270 shares held in a retirement plan. The filing documents a small, direct purchase by an officer and shows total reported holdings across direct and retirement-plan accounts.

Insights

Financial Analyst

TL;DR: Small insider purchase by a senior officer; immaterial to valuation but signals routine insider activity.

Chris B. Johnson's reported acquisition of 11 Common Class A shares at $533.45 increases his direct holdings to 9,851 shares, with a further 9,270 shares in a retirement plan. The transaction size is de minimis relative to typical institutional positions and unlikely to affect market perception or company valuation. This is a routine Section 16 disclosure showing compliance with reporting rules rather than a material corporate development.

Corporate Governance Expert

TL;DR: Filing is a standard Form 4 disclosure; no governance concerns raised by the reported trade.

The Form 4 identifies the reporting person as both an officer and director and documents a small open-market acquisition. There are no indications of related-party transactions, derivative activity, or sales that would trigger governance scrutiny. The disclosure fulfills transparency requirements under Section 16 and demonstrates routine insider reporting.

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^*

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)
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		11	A	$533.45	9,851	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	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 Chris B. Johnson report for Dillard's (DDS)?

He reported acquiring 11 shares of Common Class A stock at a price of $533.45 on 08/25/2025.

How many shares does the reporting person beneficially own after the reported trade?

Following the reported transaction he beneficially owns 9,851 shares directly, plus 9,270 shares held in a retirement plan.

What is Chris B. Johnson's role at Dillard's as listed on the Form 4?

He is listed as a Director and Senior Vice President of Dillard's.

Does the Form 4 report any derivative transactions or option activity?

No. The filing shows only a non-derivative purchase of Common Class A shares and contains no derivative or option entries.

Was the Form 4 filed jointly or by one reporting person?

The form was filed by one reporting person according to the filing checkbox.