Fund 1 Investments, LLC - Mar 21, 2024 Form 3 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Role: 10%+ Owner
Signature: /s/ Fund 1 Investments, LLC By: Benjamin C. Cable, Chief Operating Officer
Stock symbol: DXLG
Transactions as of: Mar 21, 2024
Transactions value $: $0
Form type: 3
Date filed: 5/3/2024, 06:30 PM
Previous filing: Mar 22, 2024
Next filing: Mar 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	DXLG	Common Stock, par value $0.01 per share						5.92M	Mar 21, 2024	See Footnotes	F1, F2
holding	DXLG	Common Stock, par value $0.01 per share						37.7K	Mar 21, 2024	See Footnotes	F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	DXLG	Cash-Settled Total Return Swap							Mar 21, 2024	Common Stock, par value $0.01 per share	1.18M		See Footnotes	F1, F2, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Securities reported herein are held for the benefit of Pleasant Lake Onshore Feeder Fund, LP (the "PL Fund") and an additional private investment vehicle for which Pleasant Lake Partners LLC ("PLP") serves as investment adviser. Fund 1 Investments, LLC serves as managing member of PLP. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.
F2	Securities held for the account of the PL Fund.
F3	Securities held for the account of an unaffiliated private fund for which PLP serves as investment adviser.
F4	PL Fund has entered into certain cash-settled total return swap agreeements (the "Swap Agreements") with an unaffiliated third party financial institution, which provides PL Fund with economic exposure to an aggregate of 1,176,663 nominal shares of Common Stock. The Swap Agreements provide PL Fund with economic results that are comparable to the economic results of ownership but do not provide PL Fund with the power to vote or direct the voting or dispose of or direct the disposition of the shares of Common Stock that are the subject of the Swaps Agreements (the "Subject Shares"). The Reporting Persons expressly disclaim beneficial ownership of the Subject Shares except to the extent of its or his pecuniary interest therein.
F5	The expiration date of the Swap Agreements will be automatically extended for successive 12 month periods unless one party provides written notice to the other party, at least 30 calendar days prior to the first extension and at least 15 calendar days prior to any subsequent extension, not to so extend the expiration date.