Form 4: Duluth Holdings CEO Samuel Sato Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Samuel Sato, President & CEO of Duluth Holdings Inc., disposed of 20,506 shares of Class B Common Stock on April 8, 2025, to satisfy tax withholding obligations upon vesting of restricted stock.
Summary
- On April 8, 2025, Samuel M. Sato, the President & CEO of Duluth Holdings Inc., disposed of 20,506 shares of Class B Common Stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock.
- The shares were disposed of at a price of $1.74 per share.
- Following the transaction, Sato directly owns 857,966 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to stock vesting.
Key Dates
| Date | Description |
|---|---|
| 04/08/2025 | Date of transaction: Samuel Sato disposed of shares to cover tax obligations. |
| 04/10/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Duluth Holdings Inc., DLTH, Samuel Sato, Insider Trading, Stock Disposal, Tax Withholding, Class B Common Stock, President & CEO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.