Loren Robert W. D. - 17 Dec 2025 Form 4 Insider Report for XCel Brands, Inc. (XELB)

Role: CEO and Chairman, Director, 10%+ Owner
Signature: /s/ Robert W. D'Loren
Issuer symbol: XELB
Transactions as of: 17 Dec 2025
Net transactions value: +$97,454
Form type: 4
Filing time: 19 Dec 2025, 12:42:34 UTC
Previous filing: 05 Dec 2025
Next filing: 06 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
D LOREN ROBERT W	CEO and Chairman, Director, 10%+ Owner	C/O XCEL BRANDS, INC., 550 SEVENTH AVENUE, NEW YORK	/s/ Robert W. D'Loren	19 Dec 2025	0001086742

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XELB	Common Stock	Purchase	$94,908	+81,466	+13%	$1.16	687,297	17 Dec 2025	Direct
holding	XELB	Common Stock						60,731	17 Dec 2025	See Footnote	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	XELB	Warrants	Award	$2,546	+40,733		$0.0625	40,733	17 Dec 2025	Common Stock	40,733	$3.00	Direct

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

Explanation of Responses:

Id	Content
F1	Represents shares held by the Irrevocable Trust of Rose Dempsey, of which the reporting person has sole voting and dispositive power.