Ujjwal Dhoot - 26 Sep 2022 Form 4 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Role: Chief Marketing Officer
Signature: Robert S. Molloy, Attorney-in-Fact for Ujjwal Dhoot
Issuer symbol: DXLG
Transactions as of: 26 Sep 2022
Net transactions value: -$134,739
Form type: 4
Filing time: 28 Sep 2022, 17:36:23 UTC
Previous filing: 01 Sep 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	$39,375	+74,292	+100%	$0.5300^*	148,711	26 Sep 2022	Direct
transaction	DXLG	Common Stock, $0.01 par value	Options Exercise	$12,499	+18,115	+12%	$0.6900^*	166,826	26 Sep 2022	Direct
transaction	DXLG	Common Stock, $0.01 par value	Options Exercise	$2,587	+3,449	+2.1%	$0.7500^*	170,275	26 Sep 2022	Direct
transaction	DXLG	Common Stock, $0.01 par value	Sale	$189,200	-34,400	-20%	$5.50	135,875	27 Sep 2022	Direct	F1

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	-74,292	-50%	$0.000000	74,292	26 Sep 2022	Common Stock	74,292	$0.5300	Direct	F2
transaction	DXLG	Employee Stock Option (Right to Buy)	Options Exercise	$0	-18,115	-25%	$0.000000	54,346	26 Sep 2022	Common Stock	18,115	$0.6900	Direct	F3
transaction	DXLG	Employee Stock Option (Right to Buy)	Options Exercise	$0	-3,449	-33%	$0.000000	6,900	26 Sep 2022	Common Stock	3,449	$0.7500	Direct	F4

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.30 to $5.68, 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 (1) to this Form 4.
F2	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 on June 11, 2021, April 1, 2022, April 1, 2023 and April 1, 2024. The unvested stock options are expected to be forfeited as a result of Mr. Dhoot's expected separation of service with the Company on October 11, 2022.
F3	The non-qualified stock options represent the time-based portion of the 2021-2023 Long-Term Incentive Plan award to the Reporting Person. The options vest in four equal installments on April 1, 2022, April 1, 2023, April 1, 2024 and April 1, 2025. The unvested stock options are expected to be forfeited as a result of Mr. Dhoot's expected separation of service with the Company on October 11, 2022.
F4	The non-qualified stock options represent a discretionary award to the Reporting Person pursuant to the Company's 2016 Incentive Compensation Plan. The options vest in three equal installments on March 9, 2022, March 9, 2023 and March 9, 2024. The unvested stock options are expected to be forfeited as a result of Mr. Dhoot's expected separation of service with the Company on October 11, 2022.