Janik James L 4

What Happened
James L. Janik, a director of Douglas Dynamics, reported a gift disposition of 2,000 shares of company stock on February 27, 2026. The transaction is coded as a gift (G) and was reported at a price of $0.00, reflecting a transfer with no cash proceeds.

Key Details

• Transaction date: February 27, 2026; Form 4 filed March 2, 2026 (timely filing).
• Transaction type/code: Gift (G). Reported price: $0.00. Shares disposed: 2,000.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• No footnotes or 10b5-1/withholding/tax-sell notes were indicated in the filing excerpt.

Context
Gifts are transfers of shares and do not necessarily signal the insider’s view on the company’s prospects. They differ from purchases (which can be seen as a bullish signal) and sales (which realize value). This report documents a non‑cash transfer and should be interpreted as a personal transfer rather than a market trade.