Mark DiSanto - 03 Apr 2024 Form 4 Insider Report for XCel Brands, Inc. (XELB)

Role
Director
Signature
/s/ Mark DiSanto
Issuer symbol
XELB
Transactions as of
03 Apr 2024
Net transactions value
$0
Form type
4
Filing time
04 Apr 2024, 19:20:57 UTC
Previous filing
19 Mar 2024
Next filing
30 May 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XELB Common Stock Award $0 +10,000 +27% $0.000000 46,500 03 Apr 2024 Direct F1
holding XELB Common Stock 1,296,352 03 Apr 2024 See Footnote F2, F3
holding XELB Common Stock 82,392 03 Apr 2024 See Footnote F4

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 03 Apr 2024 Common Stock 25,000 $0.8500 Direct F5
* 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 3, 2025 and April 3, 2026, 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 The number of shares held prior to the transaction were inadvertently overstated in previous filings and is corrected in this filing.
F4 Represents shares held by other trusts, of which Mr. DiSanto is trustee and as to which Mr. DiSanto has sole voting dispositive power.
F5 The options vest as to 50% of the shares on each of April 3, 2025 and April 3, 2026.