Freidman Daniel R 4

What Happened

• Daniel R. Freidman, Chief Sourcing Officer of Caleres, reported a disposition on 2026-03-16 where 2,339 shares were surrendered to satisfy a tax liability (transaction code F). The reported per-share value was $9.25, for a total value of $21,636.
• This was a tax-withholding/surrender of shares (not an open-market sale or a new purchase), commonly done to cover withholding taxes upon vesting or option exercise.

Key Details

• Transaction date: 2026-03-16; Filing date (Accession): 2026-03-18 — filing appears timely (within the Form 4 reporting window).
• Shares involved: 2,339 shares surrendered; price used for valuation: $9.25; total value: $21,636.
• Transaction code: F = payment of exercise price or tax liability (share surrender/withholding).
• Shares owned after the reported transaction: not specified in the information provided in this summary.
• Not an open-market sale: the shares were disposed to cover tax obligations, not necessarily sold on the market.

Context

• Tax-withholding share surrenders are routine administrative actions following option exercises or RSU vesting and do not by themselves indicate a change in the insider’s view of the company’s prospects. They differ from purchases (a stronger bullish signal) and from open-market sales (which can sometimes indicate cashing out).