PUGLIESE STEPHANIE L. 4

What Happened

• Stephanie L. Pugliese, President & CEO and a director of Duluth Holdings, Inc. (DLTH), was granted 730,159 restricted shares on 2026-03-23. The grant is reported as an award (Form 4 code A); no purchase price is listed (N/A).
• This was an equity award from the company (not an open-market trade). The shares are subject to a vesting schedule and are not immediately free to sell.

Key Details

• Transaction date: 2026-03-23; Form 4 filed: 2026-03-25 (filing covers the March 23 grant).
• Amount: 730,159 shares granted; price: N/A (restricted stock award).
• Vesting: Footnote F1 — the restricted shares vest in three equal installments commencing March 23, 2027.
• Ownership after transaction: Not specified in the provided filing details.
• Footnote F2: The reporting person disclaims beneficial ownership of 12,849 shares held by one of her children in her household; she no longer has a reportable beneficial interest in 11,849 shares owned by another child that had been included in prior reports.
• Filing timeliness: Form 4 was filed two days after the transaction date (appears timely under Section 16 reporting rules).

Context

• This was an award/grant of restricted stock, not a purchase or sale. Restricted shares typically cannot be sold until they vest and may be forfeited if vesting conditions aren't met.
• Awards are common as compensation for executives and do not, by themselves, indicate the insider is buying or selling shares in the market.