Form 4: Duluth Holdings SVP, Product Development & Sourcing, Richard W. Schlecht, Reports Changes in Beneficial Ownership

Richard W. Schlecht, SVP at Duluth Holdings, reports a transaction involving Class B Common Stock on March 13, 2025, resulting from tax withholding obligations and shares held by children.

Summary

• Richard W. Schlecht, SVP of Product Development & Sourcing at Duluth Holdings Inc., filed a Form 4 on March 17, 2025.
• The report details a transaction on March 13, 2025, where 8,961 shares of Class B Common Stock were disposed of to satisfy tax withholding obligations at a price of $2.53 per share.
• Following the transaction, Schlecht directly owns 210,079 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: 5

Explanation: The filing is a routine disclosure of stock transactions related to tax obligations, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on the market.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership, but it is primarily related to tax obligations.

Key Dates