Form 4: Duluth Holdings CEO Samuel Sato Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Samuel Sato disposed of Duluth Holdings Class B Common Stock to satisfy tax withholding obligations upon the vesting of restricted stock.
Summary
- On March 13, 2025, Samuel Sato, the President & CEO of Duluth Holdings Inc., disposed of 18,717 shares of Class B Common Stock at a price of $2.53 to cover tax obligations.
- Following this transaction, Sato directly owns 897,228 shares of Class B Common Stock.
- On March 14, 2025, Sato disposed of 18,756 shares of Class B Common Stock at a price of $2.28 to cover tax obligations.
- Following this transaction, Sato directly owns 878,472 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (disposal of shares for tax obligations) and does not inherently indicate positive or negative sentiment regarding the company's performance or future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/13/2025 | Samuel Sato disposed of 18,717 shares of Class B Common Stock at $2.53 to cover tax obligations. |
| 03/14/2025 | Samuel Sato disposed of 18,756 shares of Class B Common Stock at $2.28 to cover tax obligations. |
| 03/17/2025 | Date of signature for the report by Dennis F. Connolly, as POA. |
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