Duluth Holdings (DLTH) SVP has 9,415 vested shares withheld for taxes

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.

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

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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 WI 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)
			Code	V	Amount	(A) or (D)	Price
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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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).
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FAQ

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.