DBGI CEO Hil Davis Demonstrates Short and Long-Term Confidence with Strategic Open Market Share Purchases

About this update from Digital Brands Group, Inc.

DBGI Corp. (NASDAQ:DBGI) a publicly traded company specializing in eCommerce and fashion today announced that its CEO, Hil Davis, purchased shares in the open market. This marks the first time in the Company’s history that any insiders have purchased shares in the open market. The purchases, which occurred June 1, 2026, demonstrate Davis’s strong alignment with shareholders and a deep conviction in the company’s fundamentals, strategic direction, and future growth prospects. “This investment reflects my absolute belief in both our short and long-term vision and value,” said Hil Davis, CEO of Digital Brands Group. “We are executing aggressively on our growth strategy, driving revenue, and accelerating our path to profitability in the second half of this year. My focus remains entirely on delivering outsized value to our shareholders.” About Digital Brands Group We offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. We have created a business model derived from our founding as a digitally native-first vertical brand. We focus on owning the customer's "closet share" by leveraging their data and purchase history to create personalized targeted content and looks for that specific customer cohort. Forward-looking Statements Certain statements included in this release are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting DBG and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as “will,” “anticipate,” “estimate,” “expect,” “should,” and “may” and other words and terms of similar meaning or use of future dates, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding DBG’s plans, objectives, projections and expectations relating to DBG’s operations or financial performance, and assumptions related thereto are forward-looking statements. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. DBG undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of ...

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