Suzanne A. Scrabis - Jul 10, 2023 Form 4 Insider Report for XWELL, Inc. (XWEL)

Role: Chief Financial Officer
Signature: /s/ Cara Soffer, Attorney-in-Fact for Suzanne A. Scrabis
Stock symbol: XWEL
Transactions as of: Jul 10, 2023
Transactions value $: $0
Form type: 4
Date filed: 7/12/2023, 04:24 PM
Next filing: Nov 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XWEL	Common Stock	Award	$0	+100K		$0.00	100K	Jul 10, 2023	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	XWEL	Employee stock option (right to buy)	Award	$0	+75K		$0.00	75K	Jul 10, 2023	Common Stock	75K	$0.23	Direct	F2

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

Explanation of Responses:

Id	Content
F1	100,000 Restricted Stock Units ("RSUs") to vest in four quarterly installments of 25.0%, such that the 25.0% of such RSUs will vest on the first, second, third and fourth quarters after the Grant Date (i.e., 9/30/23, 12/31/23, 3/31/24 and 6/30/24), subject to Ms. Scrabis' continuous service with the Company through such dates.
F2	75,000 Non-Qualified Stock Options (the "Options") which shall vest in four quarterly installments of 25.0%, such that the 25.0% of such Options will vest on the first, second, third and fourth quarters after the Grant Date (i.e., 9/30/23, 12/31/23, 3/31/24 and 6/30/24), subject to Ms. Scrabis' continuous service with the Company through such dates.