Seth Burroughs - 15 Aug 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: 15 Aug 2025
Net transactions value: +$5,625
Form type: 4
Filing time: 18 Aug 2025, 18:01:53 UTC
Previous filing: 02 Jul 2025
Next filing: 03 Sep 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	18 Aug 2025	0001530559

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XELB	Common Stock	Award	$11,353	+10,512	+19%	$1.08	66,600	15 Aug 2025	Direct	F1
transaction	XELB	Common Stock	Tax liability	$5,728	-5,304	-8%	$1.08	61,296	15 Aug 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.