Duluth Holdings (DLTH) insider buys 1,000 shares at $1.82

David Homolka, Senior Vice President, Talent, Operations, AP & Safety at Duluth Holdings Inc. (DLTH) purchased 1,000 shares of Class B Common Stock on 09/30/2025 under the company’s Employee Stock Purchase Plan at a price of $1.82 per share.

Rhea-AI Filing Summary

David Homolka, Senior Vice President, Talent, Operations, AP & Safety at Duluth Holdings Inc. (DLTH) purchased 1,000 shares of Class B Common Stock on 09/30/2025 under the company’s Employee Stock Purchase Plan at a price of $1.82 per share. After the transaction he beneficially owned 275,413 shares. The Form 4 was signed by a power of attorney on 10/02/2025. The filing records a routine employee-plan purchase by an officer and does not disclose any derivative transactions or dispositions.

Positive

• Officer purchase of 1,000 shares under the Employee Stock Purchase Plan signals participation in a company compensation program
• Beneficial ownership of 275,413 shares reported, providing clear insider stake disclosure

Negative

• None.

Insider Trade Summary

Grant/Award: 1,000 shares

Grant/Award 1 txn

Insider Homolka David

Role SVP,Talent,Oper.,AP&Safety

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	1,000	$1.82	$2K

Holdings After Transaction: Class B Common Stock — 275,413 shares (Direct)

Footnotes (1)

1. F1. These shares were acquired under the Duluth Holdings Inc. Employee Stock Purchase Plan.

FAQ

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

What did DLTH insider David Homolka purchase?

David Homolka purchased 1,000 shares of Class B Common Stock under the Employee Stock Purchase Plan at $1.82 per share on 09/30/2025.

How many DLTH shares does the reporting officer own after the transaction?

The filing reports beneficial ownership of 275,413 shares following the purchase.

Was this Form 4 signed directly by the reporting person?

The Form 4 bears a signature by a power of attorney, Dennis F. Connolly, dated 10/02/2025.

What transaction code and source were used for the purchase?

The transaction is coded A(1) and is explained as an acquisition under the Employee Stock Purchase Plan.

Does the filing show any option exercises or derivative transactions?

No derivative securities or option exercises are reported in Table II; only the non-derivative ESPP purchase is disclosed.

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

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Accepted by SEC EDGAR 10/02/2025 - 04:39 PM Learn about SEC filing dates

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).

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)
09/30/2025

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	09/30/2025		A(1)	V	1,000	A	$1.82	275,413	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	10/02/2025
	** 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.