Duluth Holdings (DLTH) SVP granted 69,746 restricted Class B shares

Rhea-AI Filing Summary

DULUTH HOLDINGS INC. reported that SVP of Brand and Marketing Garth N. Weber acquired 69,746 shares of Class B Common Stock as a stock award on March 23, 2026. The grant was made at no cash cost to him as part of equity compensation.

These are restricted shares granted under the company’s 2024 Equity Incentive Plan and will vest in three equal installments beginning on March 23, 2027. After this award, Weber directly holds 172,058 shares of Class B Common Stock, illustrating a larger ongoing equity stake tied to long-term performance.

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)
03/23/2026

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		69,746	A	(1)	172,058	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)

FAQ

What insider transaction did Duluth Holdings (DLTH) report for Garth N. Weber?

Duluth Holdings reported that SVP of Brand and Marketing Garth N. Weber received 69,746 shares of Class B Common Stock as an equity award. The shares were granted at no cash cost as part of his compensation package.

Is the DLTH insider Form 4 for Garth Weber a stock purchase or a grant?

The Form 4 for Duluth Holdings SVP Garth Weber shows a stock grant, not a market purchase. Code “A” reflects a grant or award of 69,746 restricted shares under the company’s 2024 Equity Incentive Plan.

How do Garth Weber’s restricted DLTH shares vest under this award?

The 69,746 restricted shares granted to Garth Weber vest in three equal installments. Vesting begins on March 23, 2027, meaning the award is structured to encourage longer-term retention and alignment with Duluth Holdings’ future performance.

What are Garth Weber’s Duluth Holdings share holdings after this Form 4 transaction?

After the restricted stock grant, Garth Weber directly holds 172,058 shares of Duluth Holdings Class B Common Stock. This total includes the newly awarded 69,746 restricted shares, highlighting a sizable equity position linked to the company’s results.

What plan governs the restricted stock granted to the DLTH executive?

The restricted shares for Duluth Holdings SVP Garth Weber were granted under the 2024 Equity Incentive Plan. Such plans are designed to deliver stock-based compensation that vests over time, aligning executive rewards with company performance and shareholder value.