Denise Dillard Mahaffy's Transaction in Dillard's, Inc. Common Class A Shares

On October 27, 2025, Denise Dillard Mahaffy, Senior Vice President and Director of Dillard's, Inc., acquired 9 shares of Common Class A stock at a price of $623.52 per share. Following this transaction, her direct ownership in the company increased to 163,505 shares. Additionally, she indirectly holds 7,300 shares through a GST Trust. This filing, submitted on October 29, 2025, provides transparency into the executive's stock transactions and holdings.