AGRAWAL HEENA 4

What Happened

• Heena Agrawal, Senior Vice President and Chief Financial Officer of Duluth Holdings, received an award of 165,325 restricted shares (transaction code A) on March 23, 2026. No purchase price is reported (grant, not a market transaction), so no immediate cash value is shown in the filing.

Key Details

• Transaction date: 2026-03-23. Form 4 filed: 2026-03-25 (appears timely, within the typical two-business-day filing window).
• Transaction type: Grant / Award of restricted stock (SEC code A).
• Shares granted: 165,325 restricted shares. Price: N/A (award).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Award granted under the 2024 Equity Incentive Plan; the restricted shares vest in three equal installments beginning March 23, 2027.
• No 10b5-1 plan, gift, exercise, or tax-withholding details are noted in this excerpt.

Context

• This is a compensation/retention award (restricted stock) that vests over time rather than an open-market purchase or sale. Such grants are common for executives and do not represent an immediate buy or sell signal; the economic benefit depends on future vesting and company share price at vesting.