Peter H. Stratton Jr. - Oct 14, 2022 Form 4 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Role
EVP, CFO, Treasurer
Signature
Peter H. Stratton, Jr.
Stock symbol
DXLG
Transactions as of
Oct 14, 2022
Transactions value $
-$47,206
Form type
4
Date filed
10/17/2022, 04:08 PM
Previous filing
Sep 1, 2022
Next filing
Mar 27, 2023

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 $10.6K +20K +10.37% $0.53* 213K Oct 14, 2022 Direct
transaction DXLG Common Stock, $0.01 par value Sale -$57.8K -10K -4.7% $5.78 203K Oct 14, 2022 Direct F1, F2

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 +20K +12.85% $0.00 176K Oct 14, 2022 Common Stock 20K $0.53 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.72 to $5.84, 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 (2) to this Form 4.
F3 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.