Caleres (NYSE: CAL) CSO logs routine 1,346-share tax-withholding transaction

Rhea-AI Filing Summary

Caleres Inc Chief Sourcing Officer Daniel R. Freidman reported a routine tax-related share disposition. On the transaction date, 1,346 shares of common stock were withheld at $10.95 per share to cover tax obligations, a non-market transaction. Following this, he directly holds 75,987 shares and indirectly holds 7,458 shares through a 401(k) plan.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Freidman Daniel R

Role Chief Sourcing Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,346	$10.95	$15K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 75,987 shares (Direct); Common Stock — 7,458 shares (Indirect, Indirect holding through 401 (k) Plan)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

Freidman Daniel R

(Last) (First) (Middle)

156 W. 56TH STREET

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CALERES INC [ CAL ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Sourcing Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/21/2026		F		1,346	D	$10.95	75,987	D
Common Stock								7,458	I	Indirect holding through 401 (k) Plan

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:

	Thomas C. Burke, Attny In Fact for Daniel R Friedman	03/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Caleres (CAL) report for Daniel R. Freidman?

Caleres reported that Chief Sourcing Officer Daniel R. Freidman had 1,346 common shares withheld to cover tax obligations. This was recorded as a tax-withholding disposition, not an open-market sale, and is typically a routine administrative event tied to equity compensation.

Was the Caleres (CAL) insider transaction a market sale of shares?

No, the filing shows a tax-withholding disposition of 1,346 shares at $10.95 per share, not an open-market sale. Shares were delivered to satisfy tax liabilities associated with equity compensation, a common non-discretionary mechanism rather than a voluntary sale decision.

How many Caleres (CAL) shares does Daniel R. Freidman hold after the reported transaction?

After the tax-withholding disposition, Daniel R. Freidman directly holds 75,987 Caleres common shares. The filing also shows an additional 7,458 shares held indirectly through a 401(k) plan, reflecting his ongoing equity exposure to the company following the routine tax event.

What does transaction code F mean in the Caleres (CAL) Form 4 filing?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 1,346 Caleres shares were used to cover tax obligations, classed as a tax-withholding disposition rather than a traditional market purchase or sale of stock.

Does the Caleres (CAL) Form 4 show any option exercises or derivative activity?

No derivative exercises or option activity are listed in the summarized data. The transactionSummary shows zero derivative transactions and zero exercise shares, indicating the reported activity centers solely on a tax-withholding disposition of existing Caleres common stock for tax payment purposes.