Potomac Capital Management, Inc. - 30 Sep 2025 SCHEDULE 13G/A Report for XCel Brands, Inc. Common Stock, $0.001 par value per share (XELB)

Filing Manager
Potomac Capital Management, Inc.
Reporting Manager
Paul J. Solit
Security
XCel Brands, Inc. Common Stock, $0.001 par value per share
Symbol
XELB
Shares outstanding
4,759,884 shares
Disclosed Ownership
409,350 shares
Ownership
8.6%
Form type
SCHEDULE 13G/A
Filing time
14 Nov 2025, 16:30:44 UTC
Date of event
30 Sep 2025
Previous filing
02 Sep 2025
SEC
View on sec.gov

Reporting Managers (4)

Name Ownership Shares Owned sole voting power shared voting power Signature Title CIK
Potomac Capital Management Inc. 8.6% 408,400 408,400 0 /s/ Paul J. Solit Paul J. Solit / Authorized Signatory
Paul J. Solit 8.6% 409,350 409,350 0 /s/ Paul J. Solit N/A
Potomac Capital Management V LLC 8.6% 408,400 408,400 0 /s/ Paul J. Solit Paul J. Solit / Authorized Signatory
Potomac Capital Partners V, LP 8.6% 408,400 408,400 0 /s/ Paul J. Solit Paul J. Solit / Authorized Signatory