Francis C. Chane - 24 Oct 2022 Form 4 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Signature
Francis C. Chane
Issuer symbol
DXLG
Transactions as of
24 Oct 2022
Net transactions value
-$222,370
Form type
4
Filing time
26 Oct 2022, 16:11:40 UTC
Previous filing
01 Sep 2022
Next filing
27 Mar 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 $99,958 +19,833 +11% $5.04 208,338 24 Oct 2022 Direct
transaction DXLG Common Stock, $0.01 par value Sale $322,329 -52,389 -25% $6.15 155,949 24 Oct 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 Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -19,833 -100% $0.000000* 0 24 Oct 2022 Common Stock 19,833 $5.04 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 that was adopted by the Reporting Person on September 20, 2021 and expired on October 24, 2022.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $6.075 to $6.31, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, of the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in Footnote (2) to this Form 4.
F3 Represents a grant of non-qualified stock options to the Reporting Person on May 28, 2013 under the 2013-2016 Long-Term Incentive Plan. The shares subject to time-based vesting became fully vested January 28, 2017.