Schlecht Richard W 4

What Happened

• Richard W. Schlecht, Senior Vice President, Product Development & Sourcing at Duluth Holdings (DLTH), acquired 1,000 shares on 2026-03-31 at $1.76 per share (total $1,760) under the company's Employee Stock Purchase Plan (ESPP).
• On 2026-04-04, 1,211 shares were disposed at $3.09 per share (value $3,742) to satisfy tax withholding related to the vesting of restricted stock; this was a withholding disposition, not an open-market sale.

Key Details

• Transactions and prices:
  • 2026-03-31: Acquired 1,000 shares @ $1.76 (ESPP) — $1,760 (F1).
  • 2026-04-04: 1,211 shares disposed @ $3.09 to satisfy tax withholding — $3,742 (F2).
• Shares owned after these transactions: not specified in the provided filing excerpt.
• Footnotes: F1 = shares acquired under the Duluth Employee Stock Purchase Plan; F2 = shares used to satisfy tax withholding upon vesting of restricted stock; F3 = some shares held in the reporting person’s children’s UTMA accounts.
• Filing: Form 4 filed 2026-04-07 (no late-filing indicator provided in the supplied details).

Context

• The 1,000-share activity is a routine ESPP purchase (employee buy), which is generally a standard compensation benefit rather than an investment decision by the insider.
• The 1,211-share disposition was a tax-withholding action tied to restricted stock vesting (common administrative step) and should not be read as a traditional market sale expressing sentiment.