John F. Cooney - 08 Sep 2022 Form 4 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Signature
John F. Cooney
Issuer symbol
DXLG
Transactions as of
08 Sep 2022
Net transactions value
-$171,553
Form type
4
Filing time
09 Sep 2022, 16:04:44 UTC
Previous filing
01 Sep 2022
Next filing
17 Jan 2023

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 $8,480 +16,000 +20% $0.5300* 94,559 08 Sep 2022 Direct
transaction DXLG Common Stock, $0.01 par value Sale $180,033 -30,000 -32% $6.00 64,559 08 Sep 2022 Direct F1, 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 Employee Stock Option (Right to Buy) Options Exercise $0 -16,000 -20% $0.000000 63,430 08 Sep 2022 Common Stock 16,000 $0.5300 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.00 to $6.02, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4
F3 The non-qualified stock options represent the time-based portion of the 2020-2022 Long-Term Incentive Plan award to the Reporting Person. The options vest in four equal installments. 23,858 became exercisable on each of June 11, 2021 and April 1, 2022, and 23,857 will become exercisable on each of April 1, 2023 and April 1, 2024.