Form 4: Duluth Holdings Inc. Executive Acquires Shares Through Employee Stock Purchase Plan

Richard W. Schlecht, SVP at Duluth Holdings Inc., reports acquiring 1,000 shares of Class B Common Stock through the company's Employee Stock Purchase Plan.

Summary

• Richard W. Schlecht, SVP of Product Development & Sourcing at Duluth Holdings Inc., acquired 1,000 shares of Class B Common Stock on March 31, 2025.
• The shares were purchased through the Duluth Holdings Inc. Employee Stock Purchase Plan at a price of $1.48 per share.
• Following the transaction, Schlecht directly owns 309,052 shares of Class B Common Stock.
• Schlecht also indirectly owns 54,660 shares of Class B Common Stock through UTMA accounts for his children.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction. The sentiment is neutral, as it simply reports an executive's stock purchase through an employee plan.

Positives

• Executive participation in the Employee Stock Purchase Plan demonstrates confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to insider buying.

Key Dates

Keywords

Duluth Holdings Inc., DLTH, Richard W. Schlecht, Employee Stock Purchase Plan, Class B Common Stock, Beneficial Ownership, Form 4, UTMA Accounts