Duluth Holdings (DLTH) director receives 22,858-share restricted stock grant

Rhea-AI Filing Summary

Robinson Ronald reported acquisition or exercise transactions in this Form 4 filing.

Duluth Holdings Inc. director Ronald Robinson received a grant of 22,858 shares of Class B Common Stock as restricted stock under the company’s 2024 Equity Incentive Plan. These shares vest in full on the earlier of June 3, 2027 or the 2027 annual meeting of shareholders. Following this award, Robinson directly holds 97,831 shares.

Insights

Equity Compensation Analyst

Routine director equity grant increases alignment but is not a trading signal.

The filing shows director Ronald Robinson receiving 22,858 restricted shares of Class B Common Stock at no cost under the 2024 Equity Incentive Plan. This is compensation-related, described as a grant or award, not an open-market purchase.

The restricted stock vests on the earlier of June 3, 2027 or the 2027 annual meeting of shareholders, encouraging longer-term board alignment with shareholders. After the grant, Robinson holds 97,831 shares directly, indicating the transaction is an incremental position increase rather than a reduction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Robinson Ronald

Role null

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

Holdings After Transaction: Class B Common Stock — 97,831 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock grant: 22,858 shares Grant price: $0.0000 per share Post-transaction holdings: 97,831 shares +2 more

5 metrics

Restricted stock grant 22,858 shares Class B Common Stock awarded to director Ronald Robinson

Grant price $0.0000 per share Restricted stock granted at no cash cost to the director

Post-transaction holdings 97,831 shares Total Class B Common Stock held directly after the grant

Vesting date Earlier of June 3, 2027 or 2027 annual meeting Vesting schedule for the restricted stock award

Plan name 2024 Equity Incentive Plan Plan under which the restricted stock was granted

Key Terms

restricted stock, 2024 Equity Incentive Plan, Class B Common Stock, 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."

Class B Common Stock financial

"security_title: Class B Common Stock"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

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^*

Robinson Ronald

(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)	97,831	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 Ronald Robinson?

Duluth Holdings reported that director Ronald Robinson received 22,858 shares of Class B Common Stock as a restricted stock grant. The award was issued at no cash cost under the company’s 2024 Equity Incentive Plan as equity-based compensation.

How many Duluth Holdings (DLTH) shares does Ronald Robinson hold after this Form 4?

After the restricted stock award, Ronald Robinson directly holds 97,831 shares of Duluth Holdings Class B Common Stock. This total includes the newly granted 22,858 restricted shares reported in the Form 4 insider filing for the transaction dated June 3, 2026.

When do Ronald Robinson’s new Duluth Holdings (DLTH) restricted stock shares vest?

The 22,858 restricted shares granted to Ronald Robinson vest in full on the earlier of June 3, 2027 or the date of Duluth Holdings Inc.’s 2027 annual meeting of shareholders, according to the footnote describing the equity award terms.

Was the Duluth Holdings (DLTH) Form 4 transaction a stock purchase or a grant?

The Form 4 reports a grant or award acquisition, not an open-market purchase. Transaction code A and a zero-dollar price per share indicate restricted stock granted as compensation under the 2024 Equity Incentive Plan rather than shares bought in the market.

What type of security did Ronald Robinson receive from Duluth Holdings (DLTH)?

Ronald Robinson received Class B Common Stock of Duluth Holdings Inc. in the form of restricted stock. The shares were granted under the company’s 2024 Equity Incentive Plan and are subject to vesting based on time or the timing of the 2027 shareholder meeting.