Ujjwal Dhoot - Sep 26, 2022 Form 4 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Role
Chief Marketing Officer
Signature
Robert S. Molloy, Attorney-in-Fact for Ujjwal Dhoot
Stock symbol
DXLG
Transactions as of
Sep 26, 2022
Transactions value $
-$134,739
Form type
4
Date filed
9/28/2022, 05:36 PM
Previous filing
Sep 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DXLG Common Stock, $0.01 par value Options Exercise $39.4K +74.3K +99.83% $0.53* 149K Sep 26, 2022 Direct
transaction DXLG Common Stock, $0.01 par value Options Exercise $12.5K +18.1K +12.18% $0.69* 167K Sep 26, 2022 Direct
transaction DXLG Common Stock, $0.01 par value Options Exercise $2.59K +3.45K +2.07% $0.75* 170K Sep 26, 2022 Direct
transaction DXLG Common Stock, $0.01 par value Sale -$189K -34.4K -20.2% $5.50 136K Sep 27, 2022 Direct 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 DXLG Employee Stock Option (Right to Buy) Options Exercise $0 -74.3K -50% $0.00 74.3K Sep 26, 2022 Common Stock 74.3K $0.53 Direct F2
transaction DXLG Employee Stock Option (Right to Buy) Options Exercise $0 -18.1K -25% $0.00 54.3K Sep 26, 2022 Common Stock 18.1K $0.69 Direct F3
transaction DXLG Employee Stock Option (Right to Buy) Options Exercise $0 -3.45K -33.33% $0.00 6.9K Sep 26, 2022 Common Stock 3.45K $0.75 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.30 to $5.68, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2 The non-qualified stock options represent the time-based portion of the 2020-2022 Long-Term Incentive Plan award to the Reporting Person. The options vest in four equal installments on June 11, 2021, April 1, 2022, April 1, 2023 and April 1, 2024. The unvested stock options are expected to be forfeited as a result of Mr. Dhoot's expected separation of service with the Company on October 11, 2022.
F3 The non-qualified stock options represent the time-based portion of the 2021-2023 Long-Term Incentive Plan award to the Reporting Person. The options vest in four equal installments on April 1, 2022, April 1, 2023, April 1, 2024 and April 1, 2025. The unvested stock options are expected to be forfeited as a result of Mr. Dhoot's expected separation of service with the Company on October 11, 2022.
F4 The non-qualified stock options represent a discretionary award to the Reporting Person pursuant to the Company's 2016 Incentive Compensation Plan. The options vest in three equal installments on March 9, 2022, March 9, 2023 and March 9, 2024. The unvested stock options are expected to be forfeited as a result of Mr. Dhoot's expected separation of service with the Company on October 11, 2022.