Duluth SVP stock withheld to cover taxes

DULUTH HOLDINGS INC. senior vice president David Homolka reported a routine share withholding tied to equity compensation.

Accepted by SEC EDGAR 04/10/2026 - 04:41 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

DULUTH HOLDINGS INC. senior vice president David Homolka reported a routine share withholding tied to equity compensation. On April 8, 2026, 3,425 shares of Class B Common Stock were withheld at $3.39 per share to satisfy tax obligations when restricted stock vested. After this non-market transaction, he directly holds 376,174 shares, so the event reflects compensation-related tax settlement rather than an open-market sale.

Insider Trade Summary

Exercise Price or Tax Liability: 3,425 shares

Exercise Price or Tax Liability 1 txn

Insider Homolka David

Role SVP,Talent,Oper.,AP&Safety

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class B Common Stock	3,425	$3.39	$12K

Holdings After Transaction: Class B Common Stock — 376,174 shares (Direct)

Holdings Before and After: Class B Common Stock, 379,599 to 376,174 shares (Direct)

Footnotes (1)

1. F1. Represents shares used to satisfy tax withholding obligation upon vesting of restricted stock.

Key Figures

Tax-withholding shares: 3,425 shares Withholding price: $3.39 per share Shares held after transaction: 376,174 shares +2 more

5 metrics

Tax-withholding shares 3,425 shares Shares used to satisfy tax obligation on restricted stock vesting

Withholding price $3.39 per share Value applied to Class B Common Stock for tax-withholding disposition

Shares held after transaction 376,174 shares Direct Class B Common Stock ownership following tax withholding

Transaction code F Payment of tax liability by delivering securities

Transaction date April 8, 2026 Date of tax-withholding disposition of Class B Common Stock

Key Terms

Class B Common Stock, restricted stock, tax withholding obligation, tax-withholding disposition, +1 more

5 terms

Class B Common Stock financial

"security_title: "Class B Common Stock""

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

restricted stock financial

"upon vesting of restricted stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

tax withholding obligation financial

"shares used to satisfy tax withholding obligation"

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

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

Duluth Holdings reported that SVP David Homolka had 3,425 shares of Class B Common Stock withheld at $3.39 per share. The shares were used to cover tax obligations triggered by the vesting of restricted stock, not by an open-market sale.

Was the Duluth Holdings (DLTH) Form 4 a stock sale by the executive?

The Form 4 does not show an open-market stock sale by the executive. Instead, 3,425 shares were disposed of to satisfy tax withholding obligations when restricted stock vested, a standard compensation-related mechanism rather than a discretionary sale into the market.

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

Following the tax-withholding disposition, David Homolka directly holds 376,174 shares of Duluth Holdings Class B Common Stock. This figure reflects his position after 3,425 shares were withheld to meet tax obligations related to vesting restricted stock units.

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

Transaction code "F" indicates a tax-withholding disposition, where shares are delivered to cover tax or exercise obligations. In this filing, 3,425 shares were used to satisfy the tax withholding obligation upon vesting of restricted stock, rather than being sold on the open market.

What price was used for the Duluth Holdings (DLTH) tax-withholding shares?

The tax-withholding disposition used a price of $3.39 per share for 3,425 shares of Class B Common Stock. This price is the per-share value applied in the Form 4 to calculate the value of shares used to satisfy the restricted stock tax obligation.

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^*

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)
04/08/2026

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	04/08/2026		F		3,425(1)	D	$3.39	376,174	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	04/10/2026
	** 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)