Macy's (NYSE: M) EVP Danielle Kirgan sells 85,000 shares, keeps 51,161 stake

Rhea-AI Filing Summary

Macy's, Inc. reported an insider stock sale by executive officer Danielle L. Kirgan, EVP and Chief HR Officer. On 12/11/2025, she sold 85,000 shares of Macy's common stock in an open market transaction coded "S" for sale. The weighted average sale price was $23.9176 per share, with individual trades executed between $23.80 and $24.00 per share.

Following this transaction, Danielle L. Kirgan directly beneficially owned 51,161 shares of Macy's common stock. The filing notes that full details of the number of shares sold at each separate price within the reported range are available upon request from Macy's, Inc. or the Securities and Exchange Commission staff.

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^*

Kirgan Danielle L.

(Last) (First) (Middle)

C/O MACY'S, INC.

151 WEST 34TH STREET

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Macy's, Inc. [ M ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief HR Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

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 Stock	12/11/2025		S		85,000	D	$23.9176(1)	51,161	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:

1. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $23.80 to $24.00, inclusive. The reporting person undertakes to provide to Macy's, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to the Form 4.

Remarks:

	/s/ Steven R. Watts, as attorney-in-fact for Danielle L. Kirgan pursuant to a Power of Attorney	12/11/2025
	** 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 insider transaction did Macy's (M) report in this Form 4?

The filing reports that Danielle L. Kirgan, EVP and Chief HR Officer of Macy's, Inc., sold 85,000 shares of Macy's common stock in an open market sale coded "S" on 12/11/2025.

At what price did Danielle L. Kirgan sell Macy's (M) shares?

The shares were sold at a weighted average price of $23.9176 per share. The transactions occurred in a price range from $23.80 to $24.00 per share, inclusive.

How many Macy's (M) shares does Danielle L. Kirgan own after this sale?

After the reported sale, Danielle L. Kirgan beneficially owned 51,161 shares of Macy's common stock directly.

What is Danielle L. Kirgan’s role at Macy's (M)?

Danielle L. Kirgan is identified as an officer of Macy's, Inc., serving as EVP, Chief HR Officer.

Was the Macy's (M) insider sale executed in multiple trades?

Yes. The filing explains that the 85,000 shares were sold in multiple transactions at prices ranging between $23.80 and $24.00 per share, with the reported price being the weighted average.

Can investors get more detail on the individual trade prices for this Macy's (M) insider sale?

Yes. The insider undertook to provide full information on the number of shares sold at each separate price within the stated range to Macy's, Inc. or the SEC staff upon request.