[Form 4] Dillards Inc. Insider Trading Activity

Rhea-AI Filing Summary

Tom W. Bolin, identified as a Vice President and Director of Dillard's, Inc. (DDS), reported an insider purchase on 08/25/2025. He acquired 12 shares of Common Class A stock at $533.45 per share, increasing his direct beneficial ownership to 1,259 shares. The filing also shows 7,186 shares held in a retirement plan (indirect). The Form 4 is signed on 08/27/2025.

Positive

• Insider purchase disclosed: Reporting person acquired 12 shares at $533.45, indicating ongoing personal ownership.
• Clear ownership breakdown: Filing separates 1,259 shares direct and 7,186 shares indirect (retirement plan).
• Timely and signed disclosure: Form 4 signed on 08/27/2025, complying with reporting requirements.

Negative

• None.

Insights

Securities Analyst

TL;DR: Small insider purchase reported; likely immaterial to valuation but confirms continued ownership by an officer.

The reported transaction is a direct purchase of 12 Common Class A shares at $533.45, raising the reporting person’s direct stake to 1,259 shares with an additional 7,186 shares held indirectly in a retirement plan. The size of the purchase is small relative to typical institutional positions, so the market impact is likely negligible. Disclosure is timely and properly signed.

Corporate Governance Expert

TL;DR: Filing is routine and compliant, showing an officer/director retained and modestly increased ownership.

The Form 4 identifies the reporting person as both an officer (Vice President) and a director and reflects a routine open-market acquisition. The filing includes required signature and dates, and separates direct ownership from retirement-plan holdings, supporting transparency in insider holdings disclosure.

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
Estimated average burden
hours per response:			0.5

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^*

BOLIN TOM W

(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		12	A	$533.45	1,259	D
Common Class A - Retirement Plan								7,186	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/ Tom W. Bolin	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

Who filed the Form 4 for DDS?

Tom W. Bolin, identified as Vice President and a director, filed the Form 4.

What transaction was reported for DDS on 08/25/2025?

Purchase of 12 shares of Common Class A stock at $533.45 per share.

How many DDS shares does Tom W. Bolin beneficially own after the transaction?

1,259 shares directly, plus 7,186 shares held in a retirement plan (indirect).

When was the Form 4 signed?

08/27/2025 is the signature date on the filing.

Does the filing indicate any derivative transactions?

No derivative securities or option transactions are reported in Table II.