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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): June 3, 2026
Digital
Brands Group, Inc.
(Exact
name of registrant as specified in its charter)
| Nevada |
|
001-40400 |
|
46-1942864 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
Number) |
1400
Lavaca Street, Austin, TX 78701
(Address
of principal executive offices, including Zip Code)
Registrant’s
telephone number, including area code: (212) 524-6860
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
| ☐ |
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
| Common
Stock, par value $0.0001 per share |
|
DBGI |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01 |
Regulation FD Disclosure. |
On
June 3, 2026, Digital Brands Group, Inc. (the “Company”) issued a press release announcing that John Hilburn Davis IV, Chief
Executive Officer of the Company, purchased shares of the Company’s common stock in the open market. The purchases mark the first
time in the Company’s history that any insider has purchased shares of the Company’s common stock on the open market. The
transactions reflect Mr. Davis’s confidence in the Company’s fundamentals, strategic direction, and future growth prospects,
and demonstrate his alignment with the interests of the Company’s shareholders. A copy of the press release is furnished as Exhibit
99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The
information contained in this Item 7.01 and in the accompanying Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor incorporated by reference in any filing under the
Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01 |
Financial Statements and Exhibits. |
(d)
Exhibits
Exhibit
Number |
|
Description |
| 99.1 |
|
Press Release dated June 3, 2026 |
| 104 |
|
Cover Page Interactive
Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
| |
DIGITAL BRANDS GROUP, INC. |
| |
|
|
| Date: June 9, 2026 |
By: |
/s/
John Hilburn Davis IV |
| |
Name: |
John
Hilburn Davis IV |
| |
Title: |
President
and Chief Executive Officer |
Exhibit
99.1
DBGI
CEO Hil Davis Demonstrates Short and Long-Term Confidence with Strategic Open Market Share Purchases
First
Time in the Company’s History an Insider Has Purchased Shares in the Open Market
Austin,
Texas – June 3, 2026 – DBGI Corp. (NASDAQ:DBGI) a publicly traded company specializing in eCommerce and fashion
today announced that its CEO, Hil Davis, purchased shares in the open market.
This
marks the first time in the Company’s history that any insiders have purchased shares in the open market.
The
purchases, which occurred June 1, 2026, demonstrate Davis’s strong alignment with shareholders and a deep conviction in the company’s
fundamentals, strategic direction, and future growth prospects.
“This
investment reflects my absolute belief in both our short and long-term vision and value,” said Hil Davis, CEO of Digital Brands
Group. “We are executing aggressively on our growth strategy, driving revenue, and accelerating our path to profitability in the
second half of this year. My focus remains entirely on delivering outsized value to our shareholders.”
About
Digital Brands Group
We
offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. We have created a business
model derived from our founding as a digitally native-first vertical brand. We focus on owning the customer’s “closet share”
by leveraging their data and purchase history to create personalized targeted content and looks for that specific customer cohort.
Digital
Brands Group, Inc. Company Contact
Hil Davis, CEO
Email:
invest@digitalbrandsgroup.co
Forward-looking
Statements
Certain
statements included in this release are “forward-looking statements” within the meaning of the federal securities laws. Forward-looking
statements are made based on our expectations and beliefs concerning future events impacting DBG and therefore involve several risks
and uncertainties. You can identify these statements by the fact that they use words such as “will,” “anticipate,”
“estimate,” “expect,” “should,” and “may” and other words and terms of similar meaning
or use of future dates, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking.
All statements regarding DBG’s plans, objectives, projections and expectations relating to DBG’s operations or financial
performance, and assumptions related thereto are forward-looking statements. We caution that forward-looking statements are not guarantees
and that actual results could differ materially from those expressed or implied in the forward-looking statements. DBG undertakes no
obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise,
except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition
of DBG to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: risks arising
from the widespread outbreak of an illness or any other communicable disease, or any other public health crisis, including the coronavirus
(COVID-19) global pandemic; the level of consumer demand for apparel and accessories; disruption to DBGs distribution system; the financial
strength of DBG’s customers; fluctuations in the price, availability and quality of raw materials and contracted products; disruption
and volatility in the global capital and credit markets; DBG’s response to changing fashion trends, evolving consumer preferences
and changing patterns of consumer behavior; intense competition from online retailers; manufacturing and product innovation; increasing
pressure on margins; DBG’s ability to implement its business strategy; DBG’s ability to grow its wholesale and direct-to-consumer
businesses; retail industry changes and challenges; DBG’s and its vendors’ ability to maintain the strength and security
of information technology systems; the risk that DBG’s facilities and systems and those of our third-party service providers may
be vulnerable to and unable to anticipate or detect data security breaches and data or financial loss; DBG’s ability to properly
collect, use, manage and secure consumer and employee data; stability of DBG’s manufacturing facilities and foreign suppliers;
continued use by DBG’s suppliers of ethical business practices; DBG’s ability to accurately forecast demand for products;
continuity of members of DBG’s management; DBG’s ability to protect trademarks and other intellectual property rights; possible
goodwill and other asset impairment; DBG’s ability to execute and integrate acquisitions; changes in tax laws and liabilities;
legal, regulatory, political and economic risks; adverse or unexpected weather conditions; DBG’s indebtedness and its ability to
obtain financing on favorable terms, if needed, could prevent DBG from fulfilling its financial obligations; and climate change and increased
focus on sustainability issues. More information on potential factors that could affect DBG’s financial results is included from
time to time in DBG’s public reports filed with the SEC, including DBG’s Annual Report on Form 10-K, and Quarterly Reports
on Form 10-Q, and Forms 8-K filed or furnished with the SEC.
