Harvey S. Kanter - 10 Nov 2021 Form 4 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Role: President and CEO, Director
Signature: Harvey S. Kanter
Issuer symbol: DXLG
Transactions as of: 10 Nov 2021
Net transactions value: -$720,577
Form type: 4
Filing time: 12 Nov 2021, 05:49:20 UTC
Previous filing: 18 Oct 2021
Next filing: 02 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DXLG	Common Stock, $0.01 par value	Options Exercise		+240,000	+34%		950,113	10 Nov 2021	Direct	F1
transaction	DXLG	Common Stock, $0.01 par value	Tax liability	$720,577	-94,440	-9.9%	$7.63	855,673	10 Nov 2021	Direct	F2

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
transaction	DXLG	Performance Shares	Options Exercise	$0	-240,000	-50%	$0.000000	240,000	10 Nov 2021	Common Stock	240,000		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Each Performance Share represents a contingent right to receive one share of the Issuer's common stock.
F2	Represents shares withheld from shares otherwise issuable upon vesting of Performance Shares for payment of taxes.
F3	Performance Shares vest, if at all, in tranches when the trailing 90-day, volume-weighted average closing price of a share of the Issuer's common stock reaches specified targets during the four-year performance period ending on March 31, 2023. On November 10, 2021, the Compensation Committee of the Board of Director's of the Issuer determined that the second tranche had vested as of November 10, 2021.