Director at Douglas Dynamics (NYSE: PLOW) receives 2,737-share stock grant

Rhea-AI Filing Summary

DOUGLAS DYNAMICS, INC director Donald W. Sturdivant received a stock grant of 2,737 shares of Common Stock. The shares were awarded on April 29, 2026 at a stated price of $0.00 per share, indicating a non-cash, grant/award transaction.

Following this award, Sturdivant directly holds 44,576 shares of Douglas Dynamics common stock. The filing does not show any sales or option exercises, only this additional acquisition through a grant.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider STURDIVANT DONALD W

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,737	$0.00	--

Holdings After Transaction: Common Stock — 44,576 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 2,737 shares Grant price: $0.00 per share Shares held after grant: 44,576 shares

3 metrics

Shares granted 2,737 shares Non-derivative stock grant on April 29, 2026

Grant price $0.00 per share Stated transaction price for the 2,737-share award

Shares held after grant 44,576 shares Total direct Common Stock holdings after the transaction

Key Terms

Common Stock, Grant, award, or other acquisition, non-derivative

3 terms

Common Stock financial

"security_title: "Common Stock" in the reported transaction"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

non-derivative financial

"transaction_type: "non-derivative" for the reported stock grant"

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^*

STURDIVANT DONALD W

(Last) (First) (Middle)

C/O DOUGLAS DYNAMICS, INC.

11270 W. PARK PLACE, SUITE 300

(Street)

MILWAUKEE WISCONSIN 53224

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DOUGLAS DYNAMICS, INC [ PLOW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026

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
Common Stock	04/29/2026		A		2,737	A	$0	44,576	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:

	/s/ Jon J. Sisulak, Attorney-in-Fact for Donald W. Sturdivant	04/30/2026
	** 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 DOUGLAS DYNAMICS (PLOW) report for Donald W. Sturdivant?

DOUGLAS DYNAMICS reported that director Donald W. Sturdivant received a grant of 2,737 shares of Common Stock. The award was recorded at a price of $0.00 per share, reflecting a non-cash stock grant rather than an open-market purchase.

How many DOUGLAS DYNAMICS (PLOW) shares does Donald W. Sturdivant hold after this Form 4?

After the reported transaction, Donald W. Sturdivant directly holds 44,576 shares of DOUGLAS DYNAMICS Common Stock. This total includes the newly granted 2,737 shares reported in the Form 4 filing dated April 29, 2026.

Was the DOUGLAS DYNAMICS (PLOW) Form 4 transaction a stock sale or purchase?

The Form 4 for DOUGLAS DYNAMICS shows an acquisition via grant, not a sale or market purchase. Sturdivant received 2,737 shares as a grant or award, coded as a non-derivative “A” transaction with a price of $0.00 per share.

What does transaction code "A" mean in the DOUGLAS DYNAMICS (PLOW) Form 4?

In this Form 4, transaction code “A” is described as a grant, award, or other acquisition. For Donald W. Sturdivant, it represents the issuance of 2,737 shares of Common Stock at a stated price of $0.00 per share, increasing his direct holdings.

Did the DOUGLAS DYNAMICS (PLOW) Form 4 include any derivative securities for Donald W. Sturdivant?

The Form 4 data for Donald W. Sturdivant shows no derivative security transactions. It only reports a non-derivative grant of 2,737 shares of Common Stock and indicates no remaining derivative positions in the derivative summary section.