Arjona Carlos Enrique Encalada - Dec 28, 2023 Form 4 Insider Report for DELTA APPAREL, INC (DLA)

Role: V.P. of Manufacturing
Signature: /s/ Lauren S. Chang, POA
Stock symbol: DLA
Transactions as of: Dec 28, 2023
Transactions value $: -$9,238
Form type: 4
Date filed: 1/2/2024, 02:36 PM
Previous filing: Oct 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DLA	Common Stock	Options Exercise	$0	+2.5K	+116.06%	$0.00	4.65K	Dec 28, 2023	Direct	F1, F2
transaction	DLA	Common Stock	Disposed to Issuer	-$9.24K	-1.25K	-26.86%	$7.39	3.4K	Dec 28, 2023	Direct	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	DLA	Restricted Stock Units	Options Exercise	$0	-2.5K	-100%	$0.00^*	0	Dec 28, 2023	Common Stock	2.5K		Direct	F2, F4

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

Explanation of Responses:

Id	Content
F1	These shares were acquired in connection with the vesting of service-based restricted stock units. One-half of the vested restricted stock units convert into Delta Apparel, Inc. common stock on a one-for-one basis and the remaining half convert into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
F2	Each restricted stock unit represents the right to receive one share of common stock of Delta Apparel, Inc. or the cash equivalent.
F3	These shares were disposed of in connection with the conversion of one-half of the 2,500 vested restricted stock units into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
F4	The restricted stock units vested upon the December 28, 2023, filing of the Company's Annual Report on Form 10-K for its fiscal year ended September 30, 2023.