Duluth Holdings (DLTH) SVP uses 11,187 shares for tax withholding

Rhea-AI Filing Summary

Duluth Holdings Inc. reported a routine insider transaction by SVP of Brand and Marketing Garth N. Weber. On March 17, 2026, 11,187 shares of Class B common stock at $2.16 per share were withheld to cover tax obligations when restricted stock vested. After this tax-withholding disposition, Weber directly holds 102,312 shares of Class B common stock. This was not an open-market sale but a compensation-related share withholding.

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^*

Weber Garth N.

(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 of Brand and Marketing

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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	03/17/2026		F		11,187(1)	D	$2.16	102,312	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	03/19/2026
	** 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 Garth N. Weber?

Duluth Holdings reported a tax-related share disposition by SVP Garth N. Weber. 11,187 Class B shares were withheld to satisfy tax obligations upon vesting of restricted stock, rather than through an open-market sale, making this a routine compensation-related event.

How many Duluth Holdings (DLTH) shares were used for tax withholding and at what price?

A total of 11,187 shares of Duluth Holdings Class B common stock were used for tax withholding at $2.16 per share. These shares satisfied the tax obligation triggered when restricted stock vested, instead of being sold on the open market.

Does the Garth N. Weber Form 4 for Duluth Holdings (DLTH) reflect an open-market sale?

No, the filing does not show an open-market sale. It records an F-code tax-withholding disposition, where shares were delivered to cover taxes upon restricted stock vesting. This is a mechanical compensation event, not a discretionary share sale in the market.

How many Duluth Holdings (DLTH) shares does Garth N. Weber hold after this transaction?

Following the tax-withholding transaction, Garth N. Weber directly holds 102,312 shares of Duluth Holdings Class B common stock. This post-transaction balance shows he retains a substantial equity position after satisfying the tax obligation tied to his restricted stock vesting.

What does transaction code F mean in the Duluth Holdings (DLTH) insider filing?

Transaction code F indicates payment of an exercise price or tax liability using shares. In this case, it reflects shares withheld to meet the tax obligation from restricted stock vesting, rather than shares being sold voluntarily into the market by the insider.