Duluth (DLTH) director awarded 6,406 Class B shares; now 129,160

Duluth Holdings Inc. (DLTH) reported a director equity award on a Form 4.

Accepted by SEC EDGAR 11/06/2025 - 04:31 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Duluth Holdings Inc. (DLTH) reported a director equity award on a Form 4. On 10/30/2025, the reporting person acquired 6,406 shares of Class B Common Stock.

The filing states the shares were awarded under the 2024 Equity Incentive Plan in lieu of the director’s quarterly cash retainer. Following this transaction, the reporting person beneficially owned 129,160 shares, held directly.

Insider Trade Summary

Grant/Award: 6,406 shares

Grant/Award 1 txn

Insider Williams Scott K

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	6,406	$0.00	$0.00

Holdings After Transaction: Class B Common Stock — 129,160 shares (Direct)

Holdings Before and After: Class B Common Stock, 122,754 to 129,160 shares (Direct)

Footnotes (1)

1. F1. Award of Class B Common Stock under the 2024 Equity Incentive Plan of Duluth Holdings Inc. in lieu of quarterly cash retainer for service as a director.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did DLTH disclose in this Form 4?

A director received an award of 6,406 Class B Common Stock shares on 10/30/2025.

What plan governed the share award for DLTH?

The award was made under the 2024 Equity Incentive Plan in lieu of a quarterly cash retainer.

How many DLTH shares are beneficially owned after the transaction?

Following the award, the reporting person beneficially owned 129,160 shares, held directly.

What type of security was reported in the DLTH Form 4?

Class B Common Stock.

Was the DLTH Form 4 filed for one or multiple reporting persons?

It was filed by one reporting person.

What was the relationship of the reporting person to DLTH?

The reporting person is a Director.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Williams Scott K

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/30/2025

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	10/30/2025		A		6,406	A	(1)	129,160	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 Class B Common Stock under the 2024 Equity Incentive Plan of Duluth Holdings Inc. in lieu of quarterly cash retainer for service as a director.

	Dennis F. Connolly, as POA	11/06/2025
	** 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.