John F. Cooney - Jan 17, 2023 Form 4 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Role: SVP, Chief Accounting Officer
Signature: John F. Cooney
Stock symbol: DXLG
Transactions as of: Jan 17, 2023
Transactions value $: -$84,791
Form type: 4
Date filed: 1/17/2023, 03:04 PM
Previous filing: Sep 9, 2022
Next filing: Jan 24, 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	$4.24K	+8K	+12.39%	$0.53^*	72.6K	Jan 17, 2023	Direct
transaction	DXLG	Common Stock, $0.01 par value	Sale	-$89K	-13K	-17.92%	$6.85	59.6K	Jan 17, 2023	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	-8K	-12.61%	$0.00	55.4K	Jan 17, 2023	Common Stock	8K	$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 this 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 $6.80 to $6.90, 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 range 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 option vests in four equal installments. 23,858 options became exercisable on each of June 11, 2021 and April 1, 2022. 23,858 options will become exercisable on each of April 1, 2023 and April 1, 2024.