Allspring Global Investments Holdings, LLC reports beneficial ownership of Douglas Dynamics Inc common stock. The filing (Amendment No. 4 to a Schedule 13G/A) shows ownership of 2,058,359 shares, representing 8.9% of the class. The filer discloses sole voting power for 1,982,853 shares and sole dispositive power for 2,058,359 shares. The securities are held of record for clients of investment advisers listed in Exhibit A, and no client is identified as holding more than 5% individually. The filing is signed 04/13/2026 and references the 03/31/2026 reporting date.
Positive
None.
Negative
None.
Insights
Large passive stake disclosed; position likely part of investment-adviser client holdings.
The Schedule 13G/A amendment reports a 2,058,359-share stake equal to 8.9% of outstanding common stock, with voting and dispositive powers concentrated in Allspring entities. The filing identifies underlying clients managed by Allspring-affiliated advisers in Exhibit A.
Because the declaration is a 13G-style passive disclosure, the filing signals sizable institutional exposure but does not indicate active control or planned transactions; subsequent filings would show any material change in intent or voting alignment.
Key Figures
Shares beneficially owned:2,058,359 sharesPercent of class:8.9%Sole voting power:1,982,853 shares+3 more
6 metrics
Shares beneficially owned2,058,359 sharesAmount beneficially owned reported on Schedule 13G/A
Percent of class8.9%Percent of class as stated in Item 4
Sole voting power1,982,853 sharesSole power to vote reported in Item 4(i)
Sole dispositive power2,058,359 sharesSole power to dispose reported in Item 4(iii)
Reporting date03/31/2026Date at top of filing
Signature date04/13/2026Filed and signed by Senior Compliance Manager
Key Terms
Schedule 13G/A, beneficially owned, sole dispositive power, investment adviser
4 terms
Schedule 13G/Aregulatory
"Amendment No. 4 to a Schedule 13G/A is referenced"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficially ownedfinancial
"Amount beneficially owned: 2,058,359 (b) Percent of class: 8.9%"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 2,058,359"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
investment adviserfinancial
"owned of record by clients of one or more investment Advisers identified in Exhibit A"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)
Douglas Dynamics Inc
(Name of Issuer)
Common Stock SH SH
(Title of Class of Securities)
25960R105
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
25960R105
1
Names of Reporting Persons
Allspring Global Investments Holdings, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,982,853.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,058,359.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,058,359.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.9 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Douglas Dynamics Inc
(b)
Address of issuer's principal executive offices:
7777 North 73rd Street, Milwaukee, US-WI, 53223, US
Item 2.
(a)
Name of person filing:
Allspring Global Investments Holdings, LLC
(b)
Address or principal business office or, if none, residence:
1415 Vantage Park Drive, Charlotte, 28203, North Carolina, United States
(c)
Citizenship:
DELAWARE
(d)
Title of class of securities:
Common Stock SH SH
(e)
CUSIP No.:
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
2,058,359
(b)
Percent of class:
8.9 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1,982,853
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
2,058,359
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The securities as to which this Schedule is filed are owned of record by clients of one or more investment Advisers identified in Exhibit A directly or indirectly owned by Allspring Global Investments Holdings, LLC. Those Clients have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds for the sale of, such securities. No such client is known to have such right or power with respect to more than five percent of this class of securities, except as follows:
None
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit A
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Allspring Global Investments Holdings, LLC
Signature:
Jennifer Grunberg
Name/Title:
Senior Compliance Manager
Date:
04/13/2026
Exhibit Information
Exhibit A
Subsidiary
Allspring Global Investments, LLC* - IA
Allspring Funds Management, LLC* - IA
*Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on
this schedule 13G.
What stake does Allspring hold in Douglas Dynamics (PLOW)?
Allspring holds 2,058,359 shares, equal to 8.9% of the class. The Schedule 13G/A amendment reports sole dispositive power over 2,058,359 shares and sole voting power for 1,982,853 shares as disclosed in the filing.
Does Allspring control Douglas Dynamics after this filing (PLOW)?
No; the filing discloses a passive institutional position, not a control claim. This Schedule 13G/A lists client-held shares managed by Allspring advisers and does not assert an intent to exert control or change governance in the disclosed text.
Who actually holds the shares reported by Allspring for PLOW?
The shares are owned of record by clients of Allspring-affiliated investment advisers. Exhibit A names Allspring Global Investments, LLC and Allspring Funds Management, LLC as related advisers that indirectly or directly own the reported shares on behalf of clients.
What voting and disposition powers are reported for Allspring on PLOW?
Allspring reports sole voting power for 1,982,853 shares and sole dispositive power for 2,058,359 shares. The Schedule 13G/A shows no shared voting or dispositive power and includes the percent of class as 8.9%.
