Robert S. Molloy - Oct 11, 2023 Form 4 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Role
General Counsel & Secretary
Signature
Robert S. Molloy
Stock symbol
DXLG
Transactions as of
Oct 11, 2023
Transactions value $
-$71,900
Form type
4
Date filed
10/16/2023, 06:16 AM
Previous filing
Sep 5, 2023
Next filing
Nov 15, 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 $15K +20K +8.32% $0.75* 260K Oct 11, 2023 Direct
transaction DXLG Common Stock, $0.01 par value Sale -$86.9K -20K -7.68% $4.35 240K Oct 11, 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 -20K -58.33% $0.00 14.3K Oct 11, 2023 Common Stock 20K $0.75 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 June 30, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.265 to 4.50 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 Represents a discretionary grant of non-qualified stock options to the Reporting Person on March 9, 2021 pursuant to the 2016 Incentive Compensation Plan.