AGRAWAL HEENA 4

What Happened

• Heena Agrawal, Senior Vice President and Chief Financial Officer of Duluth Holdings, had 17,266 shares disposed on March 17, 2026 to satisfy tax withholding related to vested restricted stock. The shares were recorded at $2.16 each, totaling approximately $37,295. This was a tax-withholding disposal rather than an open-market sale.

Key Details

• Transaction date and price: March 17, 2026 — 17,266 shares at $2.16 per share.
• Total value: Approximately $37,295.
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 — Shares were used to satisfy tax withholding obligation upon vesting of restricted stock.
• Filing timeliness: Reported on Form 4 filed March 19, 2026; no indication in the filing that it was late.

Context

• This disposal reflects a routine tax-withholding event tied to vesting of restricted stock (cashless/share-withhold), not a discretionary open-market sale. Such withholdings are standard and do not necessarily indicate the insider's view of the company's prospects.