[Form 4] Dillards Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider purchase reported by Drue Matheny at Dillard's, Inc. (DDS). On 08/25/2025 Drue Matheny, Executive Vice President and Director, acquired 12 shares of Dillard's Class A common stock at $533.45 per share. After the transaction Matheny directly beneficially owns 403,928 Class A shares and holds 36,648 shares in a retirement plan. Additional indirect holdings include 7,300 shares held as trustee of a GST trust and 2,521 shares owned by a spouse. The Form 4 is signed and dated 08/27/2025.

Insights

Securities Analyst

TL;DR: A routine, small insider purchase was reported by an executive and director; ownership totals are disclosed.

The filing documents a purchase of 12 Class A shares at $533.45 on 08/25/2025 by Drue Matheny, Executive Vice President and Director. The report breaks out direct ownership (403,928 shares), retirement plan holdings (36,648 shares), and indirect holdings via trust and spouse (7,300 and 2,521 shares respectively). The purchase size is minimal relative to total disclosed holdings; the form is a standard Section 16 disclosure rather than an operational or financial update.

Corporate Governance Expert

TL;DR: Disclosure complies with Section 16 timing and identifies ownership structure; transaction appears administrative and routine.

The Form 4 properly identifies the reporting person, relationship to the issuer, transaction date, and post-transaction beneficial ownership. It also clarifies indirect ownership sources (trust and spouse). There is no indication of a planned trading program or amendment. As presented, the filing fulfills disclosure obligations and provides transparency on executive holdings.

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^*

MATHENY DRUE

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EXECUTIVE 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		12	A	$533.45	403,928	D
Common Class A - Retirement Plan								36,648	D
Common Class A								7,300	I(1)	See Footnote(1)
Common Class A								2,521	I(2)	See Footnote(2)

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:

1. Trustee of GST Trust

2. Owned by spouse

	/s/ Drue Matheny	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 Drue Matheny report for DDS?

On 08/25/2025 Drue Matheny acquired 12 Class A shares of Dillard's at $533.45 per share, reported on Form 4.

How many Dillard's (DDS) shares does Drue Matheny beneficially own after the transaction?

Following the reported transaction Matheny directly beneficially owns 403,928 Class A shares and holds 36,648 shares in a retirement plan; indirect holdings total 9,821 shares (7,300 trust; 2,521 spouse).

What is Drue Matheny's role at Dillard's (DDS)?

The Form 4 lists Drue Matheny as a Director and Executive Vice President of Dillard's, Inc.

When was the Form 4 signed for the DDS insider transaction?

The Form 4 is signed by Drue Matheny and dated 08/27/2025.