Williams Scott K 4

What Happened
Scott K. Williams, a director of Duluth Holdings Inc. (DLTH), was granted 7,469 shares of Class B Common Stock on February 1, 2026. The transaction is reported as an award/grant (code A) and the per-share price is listed as N/A — this was compensation issued in lieu of a quarterly cash retainer, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-01; Form 4 filed 2026-02-03 (appears to be timely).
• Transaction type/code: Award/Grant (A) of 7,469 Class B shares; price shown as N/A.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Award under the Duluth Holdings 2024 Equity Incentive Plan, issued in lieu of the quarterly cash retainer for director service (Footnote F1).
• No indication of a sale, option exercise, tax withholding, or 10b5-1 plan in this filing.

Context
Grants of stock to directors as compensation are a routine corporate practice and typically reflect standard pay rather than an insider expressing a buy/sell view. Because no cash price or sale occurred, this filing should be read as a compensation event rather than a direct market signal.