Duluth Holdings (DLTH) grants director 22,858 restricted Class B shares

Rhea-AI Filing Summary

FINCH DAVID COLE reported acquisition or exercise transactions in this Form 4 filing.

Duluth Holdings Inc. reported that director David Cole Finch received an award of 22,858 shares of Class B common stock. The shares were granted at $0.00 per share under the company’s 2024 Equity Incentive Plan.

Following this equity award, Finch directly holds 230,338 Class B shares. The restricted stock vests in full on the earlier of June 3, 2027 or the date of Duluth Holdings Inc.’s 2027 annual meeting of shareholders, tying the grant to longer-term board service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider FINCH DAVID COLE

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	22,858	$0.00	--

Holdings After Transaction: Class B Common Stock — 230,338 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock granted: 22,858 shares Grant price per share: $0.00 per share Shares held after grant: 230,338 shares +2 more

5 metrics

Restricted stock granted 22,858 shares Class B common stock award on June 3, 2026

Grant price per share $0.00 per share Restricted stock award under 2024 Equity Incentive Plan

Shares held after grant 230,338 shares Director’s direct Class B holdings following transaction

Vesting date trigger June 3, 2027 Full vesting or earlier at 2027 annual meeting

Transaction code A (grant/award acquisition) Non-derivative acquisition reported on Form 4

Key Terms

restricted stock, 2024 Equity Incentive Plan, vest, annual meeting of shareholders

4 terms

restricted stock financial

"Award of restricted stock granted under the 2024 Equity Incentive Plan of Duluth Holdings Inc."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

2024 Equity Incentive Plan financial

"Award of restricted stock granted under the 2024 Equity Incentive Plan of Duluth Holdings Inc."

vest financial

"The shares of restricted stock vest in full on the earlier of June 3, 2027 or the date of the Duluth Holdings Inc. 2027 annual meeting of shareholders."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

annual meeting of shareholders financial

"or the date of the Duluth Holdings Inc. 2027 annual meeting of shareholders."

A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.

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Form 4 Insider Transactions: What Each Field Means →

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^*

FINCH DAVID COLE

(Last) (First) (Middle)

201 EAST FRONT STREET

(Street)

MOUNT HOREB WISCONSIN 53572

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

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

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

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

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	06/03/2026		A		22,858	A	(1)	230,338	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. Award of restricted stock granted under the 2024 Equity Incentive Plan of Duluth Holdings Inc. The shares of restricted stock vest in full on the earlier of June 3, 2027 or the date of the Duluth Holdings Inc. 2027 annual meeting of shareholders.

	Dennis F. Connolly, as POA	06/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

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

Duluth Holdings reported that director David Cole Finch received an award of 22,858 shares of Class B common stock. The grant is a restricted stock award under the 2024 Equity Incentive Plan and was recorded at $0.00 per share.

How many Duluth Holdings (DLTH) shares does David Cole Finch hold after this grant?

After the restricted stock grant, David Cole Finch holds 230,338 shares of Duluth Holdings Class B common stock. This figure reflects his direct ownership position immediately following the award reported in the Form 4 insider transaction filing.

When do David Cole Finch’s new Duluth Holdings restricted shares vest?

The 22,858 restricted shares granted to David Cole Finch vest in full on the earlier of June 3, 2027 or the date of Duluth Holdings Inc.’s 2027 annual meeting of shareholders, linking the award to continued board service over several years.

What type of equity award did Duluth Holdings (DLTH) grant to David Cole Finch?

Duluth Holdings granted David Cole Finch a restricted stock award of 22,858 Class B common shares. The grant was made under the company’s 2024 Equity Incentive Plan and is classified as a non-derivative acquisition with no cash purchase price per share.

Was David Cole Finch’s Duluth Holdings share transaction a market purchase or sale?

The transaction was not a market purchase or sale; it was a grant of restricted stock. The Form 4 lists transaction code “A” for a grant, award, or other acquisition, with a price of $0.00 per share under the 2024 Equity Incentive Plan.

What plan governs the restricted stock granted to David Cole Finch at Duluth Holdings?

The restricted stock granted to David Cole Finch was issued under Duluth Holdings Inc.’s 2024 Equity Incentive Plan. This plan provides for equity-based awards, and the granted shares vest in full by the earlier of June 3, 2027 or the 2027 annual meeting.