Stephanie L. Pugliese Reports 6.8% Stake in Duluth Holdings Inc. Following Stock Vesting

Stephanie L. Pugliese filed Amendment No. 3 to her Schedule 13D on May 14, 2026, reporting a 6.8% ownership stake in Duluth Holdings Inc. (DLTH). As of the event date on May 5, 2026, Ms. Pugliese holds an aggregate of 2,265,225 shares of Class B Common Stock. This filing primarily reflects the vesting of 387,097 shares of Common Stock originally granted under an Inducement Restricted Stock Award Agreement effective May 5, 2025. In connection with this vesting event, Ms. Pugliese elected to have the Issuer withhold 181,935 shares to satisfy tax withholding obligations. Following these transactions, she maintains sole voting power over all 2,265,225 shares and sole dispositive power over 749,142 shares. The calculation of her 6.8% ownership is based on 33,398,984 shares of Common Stock outstanding as reported in the Issuer’s Annual Report filed in March 2026. No other transactions were reported by the filer during the preceding 60-day period.