Duluth Holdings Inc. Director Awarded Class B Common Stock

On August 3, 2025, Scott K. Williams, a director of Duluth Holdings Inc., was awarded 8,268 shares of Class B Common Stock under the company's 2024 Equity Incentive Plan. This award was granted in lieu of a quarterly cash retainer for his service as a director. Following this transaction, Williams owns a total of 122,754 shares of Class B Common Stock. The transaction was reported in a Form 4 filing with the SEC. The award reflects the company's practice of compensating its directors with equity in lieu of cash retainers, aligning their interests with those of shareholders.