Drew Jones - May 18, 2021 Form 3 Insider Report for Digital Brands Group, Inc. (DBGI)

Role: 10%+ Owner
Signature: Drew Jones
Stock symbol: DBGI
Transactions as of: May 18, 2021
Transactions value $: $0
Form type: 3
Date filed: 5/27/2021, 05:40 PM
Next filing: May 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	DBGI	Common Stock						2.19M	May 18, 2021	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The total number of shares of Common Stock includes 438,554 shares of Common Stock held in escrow, which are subject to the satisfaction of certain conditions contained in the transaction documents for the Company's acquisition of H&J.

Remarks:

Drew Jones, individually, and D Jones, LLC, a single-member limited liability company owned by Drew Jones, individually, and a disregarded entity for federal income tax purposes, own all of the outstanding partnership interests in D Jones Tailored Collection, Ltd., which shall be the recipient of the shares of Common Stock issued by the Company in exchange for all of the membership interests in H&J. Thus, Drew Jones, individually, is the ultimate owner of all of the shares of Common Stock issued by the Company.