Willem Mesdag - May 6, 2024 Form 4 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Role
Director
Signature
/s/ Willem Mesdag (on behalf of himself and the other Reporting Persons)
Stock symbol
DXLG
Transactions as of
May 6, 2024
Transactions value $
$0
Form type
4
Date filed
5/8/2024, 04:05 PM
Previous filing
Feb 7, 2024
Next filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DXLG Common Stock, $0.01 par value 2.59M May 6, 2024 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 Deferred Stock Units Award $0 +11.2K +2.52% $0.00 455K May 6, 2024 Common Stock 11.2K $3.24 Direct F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person's ownership includes (i) 420,286 shares held by the Mesdag Family Limited Partnership, (ii) 97,529 shares held by the Mesdag Family Foundation, (iii) 44,746 shares held by the 2012 Mesdag Trust, (iv) 1,763,373 shares held by Red Mountain Capital Partners LLC, and (v) 267,824 shares held by Red Mountain Capital Management Inc. The Reporting Person is the president, sole executive officer, sole director and sole shareholder of Red Mountain Capital Management Inc. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein. The filing system would not permit the filer to report his ownership as indirect.
F2 Deferred Stock Units (DSUs) issued pursuant to the Director's elected form of compensation for quarterly annual retainer and committee chairperson fee.
F3 The per share value is determined by the closing price of the Company's common stock on May 3, 2024.
F4 Each DSU is credited to the Reporting Person under the Company's Director Plan (the "Director Plan"). Each DSU represents ownership equivalent to one share of the Company's common stock.
F5 The DSUs credited under the Director Plan are payable in the form elected or provided under the Director Plan on the earlier of (i) The Reporting Person's date of separation of service, or (ii) upon death, disability or change in control as defined under the Director Plan.