Anthony Gaeta - 16 Mar 2023 Form 4 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Role
Chief Stores Officer
Signature
Anthony Gaeta
Issuer symbol
DXLG
Transactions as of
16 Mar 2023
Net transactions value
-$55,027
Form type
4
Filing time
17 Mar 2023, 16:03:37 UTC
Previous filing
14 Feb 2023
Next filing
27 Mar 2023
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 $7,500 +10,000 +7.5% $0.7500* 143,711 16 Mar 2023 Direct
transaction DXLG Common Stock, $0.01 par value Sale $62,527 -10,000 -7% $6.25 133,711 16 Mar 2023 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 -10,000 -38% $0.000000 16,058 16 Mar 2023 Common Stock 10,000 $0.7500 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 $6.25 to $6.27, 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 this footnote.
F3 Represents a grant of non-qualified stock options ("Stock Options") to the Reporting Person on March 9, 2021 under the Company's 2016 Incentive Compensation Plan. 8,686 Stock Options will become exercisable on March 9, 2024.