Duluth Holdings (DLTH) SVP buys 1,000 shares via employee stock plan

Rhea-AI Filing Summary

Duluth Holdings Inc. executive David Homolka, SVP of Talent, Operations, AP & Safety, increased his ownership through the company’s employee stock plan. On 12/31/2025 he acquired 1,000 shares of Class B Common Stock at a price of $1.77 per share, reported as an acquisition transaction.

These shares were obtained under the Duluth Holdings Inc. Employee Stock Purchase Plan and are held as a direct ownership position. Following this purchase, Homolka beneficially owns 276,413 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

OMB Number:			3235-0287
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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)
12/31/2025

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	12/31/2025		A(1)	V	1,000	A	$1.77	276,413	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. These shares were acquired under the Duluth Holdings Inc. Employee Stock Purchase Plan.

	Dennis F. Connolly, as POA	01/07/2026
	** 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.
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FAQ

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

David Homolka, SVP of Talent, Operations, AP & Safety, acquired 1,000 shares of Duluth Holdings Class B Common Stock on 12/31/2025.

At what price were the new Duluth Holdings (DLTH) shares acquired?

The 1,000 Class B Common Stock shares were acquired at a price of $1.77 per share.

How many Duluth Holdings (DLTH) shares does David Homolka own after this transaction?

After the reported transaction, David Homolka beneficially owns 276,413 shares of Duluth Holdings Class B Common Stock.

What role does David Homolka hold at Duluth Holdings (DLTH)?

David Homolka is an officer of Duluth Holdings, serving as SVP, Talent, Operations, AP & Safety.

Was this Duluth Holdings (DLTH) insider transaction made under an employee plan?

Yes. A footnote states that these 1,000 shares were acquired under the Duluth Holdings Inc. Employee Stock Purchase Plan.

Is David Homolka’s ownership in Duluth Holdings (DLTH) reported as direct or indirect?

The filing shows his ownership of 276,413 Class B shares as direct beneficial ownership.