Mark DiSanto - 23 Aug 2023 Form 4 Insider Report for XCel Brands, Inc. (XELB)

Role
Director
Signature
/s/ Mark DiSanto
Issuer symbol
XELB
Transactions as of
23 Aug 2023
Net transactions value
$0
Form type
4
Filing time
25 Aug 2023, 16:58:15 UTC
Next filing
19 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XELB Common Stock Award $0 +10,000 +67% $0.000000 25,000 23 Aug 2023 Direct F1
holding XELB Common Stock 1,032,613 23 Aug 2023 See Footnote F2
holding XELB Common Stock 82,392 23 Aug 2023 See Footnote F3

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 XELB Stock Option Award $0 +25,000 $0.000000 25,000 23 Aug 2023 Common Stock 25,000 $1.51 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of restricted stock awarded pursuant to a restated stock agreement, which vests as to 50% of the shares on each of April 1, 2024 and April 1, 2025, provided that the reporting person may extend the vesting date as to all or a portion of the shares, one or more times, in six month increments, at his sole discretion.
F2 Represents shares held by The Mark X DiSanto Investment Trust, of which Mr. DiSanto is trustee and as to which Mr. DiSanto has sole voting dispositive power.
F3 Represents shares held by other truests, of which Mr. DiSanto is trustee and as to which Mr. DiSanto has sole voting dispositive power.
F4 The options vest as to 50% of the shares on each of April 1, 2024 and April 1, 2025.