Duluth Holdings (DLTH) SVP stock withheld to cover tax on vesting

Rhea-AI Filing Summary

Duluth Holdings SVP David Homolka reported a routine tax-withholding transaction involving company stock. On the vesting of restricted stock, 13,331 shares of Class B Common Stock were delivered at a price of $2.16 per share to satisfy tax obligations. After this non-market disposition, Homolka directly holds 253,667 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

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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 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)
03/17/2026

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		13,331(1)	D	$2.16	253,667	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 did Duluth Holdings (DLTH) executive David Homolka report in this Form 4?

David Homolka reported a tax-withholding disposition related to restricted stock vesting. Shares were automatically delivered to cover tax obligations, rather than sold on the open market, and he retained a substantial remaining position in Duluth Holdings stock.

How many Duluth Holdings (DLTH) shares were used for tax withholding?

A total of 13,331 shares of Duluth Holdings Class B Common Stock were used to satisfy tax withholding. These shares were delivered back to the issuer as part of the restricted stock vesting process, not through an open-market sale transaction.

At what price were the tax-withholding Duluth Holdings (DLTH) shares valued?

The 13,331 shares used for tax withholding were valued at $2.16 per share. This value reflects the price applied for the tax calculation when the restricted stock vested, rather than a discretionary trade in the public market.

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

Following the tax-withholding disposition, David Homolka directly holds 253,667 shares of Duluth Holdings Class B Common Stock. This remaining stake indicates the transaction was limited to covering taxes on vesting, with a large continuing ownership position.

What does transaction code "F" mean in the Duluth Holdings (DLTH) Form 4?

Transaction code "F" indicates a payment of tax liability or exercise price by delivering securities. In this case, restricted stock vested and shares were withheld to satisfy tax obligations, which is treated differently from a voluntary open-market sale.

Does this Duluth Holdings (DLTH) Form 4 indicate that the executive sold shares on the market?

No, the Form 4 shows a tax-withholding event, not an open-market sale. Shares were automatically delivered to cover taxes when restricted stock vested, a common compensation-related mechanism rather than a discretionary decision to sell shares.