Seth Burroughs - 30 May 2025 Form 4 Insider Report for XCel Brands, Inc. (XELB)

Role: EVP of BD Treasurer Secretary
Signature: /s/ Seth Burroughs
Issuer symbol: XELB
Transactions as of: 30 May 2025
Net transactions value: +$5,022
Form type: 4
Filing time: 03 Jun 2025, 16:01:13 UTC
Previous filing: 30 May 2025
Next filing: 02 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Burroughs Seth	EVP of BD Treasurer Secretary	C/O XCEL BRANDS, INC., 550 SEVENTH AVENUE, 11TH FLOOR, NEW YORK	/s/ Seth Burroughs	03 Jun 2025	0001530559

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XELB	Common Stock	Award	$11,353	+4,831	+9.4%	$2.35	56,006	30 May 2025	Direct	F1
transaction	XELB	Common Stock	Tax liability	$6,331	-2,694	-4.8%	$2.35	53,312	30 May 2025	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents shares awarded by the issuer pursuant to the reporting person's employment agreement in lieu of cash salary.
F2	Represents shares surrendered to the issuer in payment of withholding tax liability increment to the stock award.