Director of Douglas Dynamics (NYSE: PLOW) gifts 6,000 shares via trust

Rhea-AI Filing Summary

Douglas Dynamics director James L. Janik reported a bona fide gift of 6,000 shares of Common Stock held indirectly through the James L. and Susan S. Janik Revocable Trust. The filing also shows direct ownership of 42,873 shares and indirect trust ownership of 110,862 shares following the reported transactions.

Insider Trade Summary

6,000 shares gifted

Mixed 2 txns

Insider Janik James L

Role null

Type	Security	Shares	Price	Value
Gift	Common Stock	6,000	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 110,862 shares (Indirect, James L. and Susan S. Janik Revocable Trust); Common Stock — 42,873 shares (Direct, null)

Footnotes (1)

Key Figures

Gifted shares: 6,000 shares Direct holdings after transaction: 42,873 shares Indirect holdings after transaction: 110,862 shares +2 more

5 metrics

Gifted shares 6,000 shares Bona fide gift of Common Stock

Direct holdings after transaction 42,873 shares Common Stock held directly

Indirect holdings after transaction 110,862 shares Common Stock via revocable trust

Gift price per share $0.0000 per share No consideration for bona fide gift

Gift transactions count 1 transaction Bona fide gift coded G

Key Terms

Bona fide gift, Indirect ownership, Common Stock

3 terms

Bona fide gift financial

"transaction_code_description: "Bona fide gift""

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

Indirect ownership financial

"ownership_type: "indirect" for trust-held shares"

Common Stock financial

"security_title: "Common Stock""

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.

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^*

Janik James L

(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)
05/11/2026

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	05/11/2026		G		6,000	D	$0	110,862	I	James L. and Susan S. Janik Revocable Trust
Common Stock								42,873	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 James L. Janik	05/13/2026
	** 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 PLOW director James L. Janik report?

James L. Janik reported a bona fide gift of 6,000 shares of Douglas Dynamics Common Stock. The shares were held indirectly through the James L. and Susan S. Janik Revocable Trust, meaning this was a non-market transfer without sale proceeds.

How many Douglas Dynamics (PLOW) shares were gifted in this Form 4?

The Form 4 shows a gift transfer of 6,000 Common Stock shares. This disposition is coded as a bona fide gift, indicating a no‑consideration transfer rather than an open‑market sale or purchase, and therefore does not directly reflect trading activity.

What are James L. Janik’s direct holdings of PLOW shares after the transaction?

After the reported transactions, James L. Janik directly holds 42,873 shares of Douglas Dynamics Common Stock. This direct ownership figure is recorded in the filing as of the transaction date alongside separate indirect holdings through a revocable trust.

What are James L. Janik’s indirect PLOW holdings through the revocable trust?

The filing lists 110,862 shares of Douglas Dynamics Common Stock as indirectly owned through the James L. and Susan S. Janik Revocable Trust. This reflects the trust’s position following the 6,000‑share bona fide gift disposition recorded in the same Form 4.

Does this Douglas Dynamics Form 4 show any insider share sales or purchases?

The Form 4 does not report open‑market buys or sells. It shows a bona fide gift of 6,000 shares and a separate holding entry, meaning the disclosed activity is a non‑market transfer rather than trading that would change cash exposure to the stock.