Duluth SVP has 9,415 shares withheld for taxes

Duluth Holdings Inc. senior vice president David Homolka reported a routine tax-related share disposition.

Accepted by SEC EDGAR 03/17/2026 - 04:36 PM EDT

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Rhea-AI Filing Summary

Duluth Holdings Inc. senior vice president David Homolka reported a routine tax-related share disposition. On the vesting of restricted stock, 9,415 shares of Class B common stock were withheld at a price of $2.16 per share to satisfy tax withholding obligations. This was not an open-market sale. After the withholding, Homolka directly holds 266,998 shares of Class B common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 9,415 shares

Exercise Price or Tax Liability 1 txn

Insider Homolka David

Role SVP,Talent,Oper.,AP&Safety

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class B Common Stock	9,415	$2.16	$20K

Holdings After Transaction: Class B Common Stock — 266,998 shares (Direct)

Holdings Before and After: Class B Common Stock, 276,413 to 266,998 shares (Direct)

Footnotes (1)

F1. Represents shares used to satisfy tax withholding obligation upon vesting of restricted stock.

FAQ

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What insider transaction did Duluth Holdings (DLTH) report for David Homolka?

Duluth Holdings reported that SVP David Homolka had 9,415 Class B shares withheld to cover taxes upon restricted stock vesting. This was a tax-withholding disposition, not an open-market sale, and reflects routine compensation-related activity rather than a discretionary trade.

Was the Duluth Holdings (DLTH) insider transaction an open-market sale?

No, the transaction was not an open-market sale. 9,415 shares were withheld to satisfy tax obligations triggered by restricted stock vesting. Such Form 4 code F transactions generally reflect automatic tax payments rather than a voluntary decision to sell shares in the market.

How many Duluth Holdings (DLTH) shares does David Homolka hold after the transaction?

Following the tax-withholding disposition, David Homolka directly holds 266,998 shares of Duluth Holdings Class B common stock. This figure shows his remaining equity position after 9,415 shares were used to cover taxes on vested restricted stock.

What does Form 4 code F mean in the Duluth Holdings (DLTH) filing?

Form 4 transaction code F indicates shares were disposed to pay an exercise price or tax liability. In this case, 9,415 Duluth Holdings Class B shares were withheld to satisfy tax withholding obligations when restricted stock vested, rather than being sold on the open market.

What role does David Homolka hold at Duluth Holdings (DLTH)?

David Homolka is an officer of Duluth Holdings serving as Senior Vice President of Talent, Operations, AP and Safety. His reported Form 4 transaction reflects shares withheld for taxes related to his equity compensation, not a discretionary buy or sell decision.

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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^*

Homolka David

(Last)

(First)

(Middle)

201 EAST FRONT STREET

(Street)

MOUNT HOREB

53572

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
DULUTH HOLDINGS INC. [ DLTH ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP,Talent,Oper.,AP&Safety

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	03/13/2026		F		9,415⁽¹⁾	D	$2.16	266,998	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares used to satisfy tax withholding obligation upon vesting of restricted stock.

	Dennis F. Connolly, as POA	03/17/2026
	** 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.

Source: View Original Filing on SEC EDGAR