Duluth Holdings (DLTH) SVP has 1,674 shares withheld for restricted stock taxes

Rhea-AI Filing Summary

DULUTH HOLDINGS INC. executive Garth N. Weber, SVP of Brand and Marketing, reported a routine tax-related share disposition. On April 8, 2026, 1,674 shares of Class B Common Stock were withheld at $3.39 per share to cover taxes when restricted stock vested. This was not an open-market sale but a payment of tax withholding using shares. After this event, Weber directly owned 170,384 Class B shares, indicating he retained a substantial equity position while settling the associated tax obligation.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Weber Garth N.

Role SVP of Brand and Marketing

Type	Security	Shares	Price	Value
Tax Withholding	Class B Common Stock	1,674	$3.39	$6K

Holdings After Transaction: Class B Common Stock — 170,384 shares (Direct)

Footnotes (1)

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Key Figures

Tax-withheld shares: 1,674 shares Withholding price: $3.39 per share Shares owned after transaction: 170,384 shares

3 metrics

Tax-withheld shares 1,674 shares Shares used to satisfy tax withholding on restricted stock vesting

Withholding price $3.39 per share Value per share for tax-withholding disposition on April 8, 2026

Shares owned after transaction 170,384 shares Directly owned Class B Common Stock following tax withholding

Key Terms

Class B Common Stock, restricted stock, tax withholding obligation

3 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

"used to satisfy tax withholding obligation upon vesting"

Form 4 Insider Transactions: What Each Field Means →

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^*

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)
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		1,674(1)	D	$3.39	170,384	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)

FAQ

What insider transaction did DLTH executive Garth N. Weber report?

Garth N. Weber reported a tax-related share disposition, where 1,674 Class B shares were withheld at $3.39 each to cover taxes on vested restricted stock. This was a compensation-related event, not an open-market sale, and reflects standard handling of equity award taxes.

How many Duluth Holdings (DLTH) shares were withheld for taxes?

A total of 1,674 shares of Duluth Holdings Class B Common Stock were withheld to satisfy tax obligations tied to a restricted stock vesting. The withholding price was $3.39 per share, reflecting a non-market transaction used solely to pay the related tax liability.

How many Duluth Holdings (DLTH) shares does Garth N. Weber own after the transaction?

After the tax-withholding transaction, Garth N. Weber directly owns 170,384 shares of Duluth Holdings Class B Common Stock. This remaining stake shows he continues to hold a sizable equity position even after settling taxes on his vesting restricted stock award.

Was the DLTH insider transaction an open-market sale of shares?

No, the transaction was not an open-market sale. The Form 4 shows shares were withheld to satisfy tax withholding obligations when restricted stock vested, meaning the company used 1,674 shares at $3.39 each to pay taxes instead of Weber selling shares in the market.

What does a Form 4 tax-withholding disposition mean for DLTH shareholders?

A Form 4 tax-withholding disposition indicates shares were used to pay taxes on vested equity awards, not actively sold for cash. For Duluth Holdings shareholders, it generally represents routine compensation administration rather than a directional bet by the insider on the company’s stock.