Duluth SVP granted 126,244 restricted shares

Homolka David reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Homolka David reported acquisition or exercise transactions in this Form 4 filing.

Duluth Holdings SVP David Homolka received a grant of 126,244 shares of Class B common stock as restricted stock compensation. The award was granted under the company’s 2024 Equity Incentive Plan and carries a zero-dollar grant price, reflecting its nature as an equity award rather than a market purchase.

The restricted shares vest in three equal installments commencing on March 23, 2027, meaning the full award is earned over time if continued service and other plan conditions are met. Following this grant, Homolka directly holds 379,911 shares of Duluth Holdings stock, indicating that the award is a sizable but compensation-driven addition to his existing position.

Insider Trade Summary

Grant/Award: 126,244 shares

Grant/Award 1 txn

Insider Homolka David

Role SVP,Talent,Oper.,AP&Safety

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	126,244	$0.00	$0.00

Holdings After Transaction: Class B Common Stock — 379,911 shares (Direct)

Footnotes (1)

1. F1. Award of restricted stock granted under the 2024 Equity Incentive Plan of Duluth Holdings Inc. The shares of restricted stock vest in three equal installments commencing on March 23, 2027.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

Duluth Holdings reported that SVP David Homolka received a grant of 126,244 shares of Class B common stock as restricted stock. The shares were awarded at no cash cost as equity compensation under the company’s 2024 Equity Incentive Plan.

Is the Duluth Holdings (DLTH) Form 4 transaction a stock purchase or an equity award?

The Form 4 shows an equity award, not a market purchase. Code “A” indicates a grant or award, and the 126,244 Class B shares were issued at a price of $0.00 per share under the 2024 Equity Incentive Plan.

When do David Homolka’s Duluth Holdings (DLTH) restricted shares vest?

The restricted stock begins vesting on March 23, 2027. The 126,244 Class B shares vest in three equal installments starting on that date, so the full award is spread over multiple years, aligning with long-term service and incentive goals.

How many Duluth Holdings (DLTH) shares does David Homolka hold after this Form 4 grant?

After the grant, Homolka directly holds 379,911 shares of Duluth Holdings stock. This total includes the newly awarded 126,244 restricted Class B shares, which will vest over time according to the schedule described in the 2024 Equity Incentive Plan footnote.

What plan governs the restricted stock award to Duluth Holdings (DLTH) executive David Homolka?

The award was granted under Duluth Holdings Inc.’s 2024 Equity Incentive Plan. This plan authorizes restricted stock grants and similar awards to executives, with the 126,244 Class B shares vesting in three equal installments commencing March 23, 2027, subject to applicable conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/25/2026 - 04:45 PM Learn about SEC filing dates

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 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

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	03/23/2026		A		126,244	A	(1)	379,911	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 three equal installments commencing on March 23, 2027.

	Dennis F. Connolly, as POA	03/25/2026
	** 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)