Macy's, Inc. — Director's Dealing 2025

Apr 2, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2025-03-31

Reporting Person: Mitchell Adrian V (EVP, COO & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-31	Common Stock	M	23585	—	Acquired	166308	Direct
2025-03-31	Common Stock	M	171526	—	Acquired	337834	Direct
2025-04-01	Common Stock	S	101633	$12.88	Disposed	236201	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-31	Restricted Stock Units	$	M	23585	Disposed		Common Stock (23585)	Direct
2025-03-31	Restricted Stock Units	$	M	171526	Disposed	2025-03-31	Common Stock (171526)	Direct

Footnotes

F1: Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.

F2: Represents the number of shares sold by the reporting person to cover tax withholding obligations upon the vesting of restricted shares and does not represent a discretionary transaction by the reporting person.

F3: The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $12.73 to $13.01, 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.

F4: On 3/31/2023, the reporting person was granted 94,339 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.