DESTINATION XL GROUP, INC. — Director's Dealing 2022

Sep 28, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DESTINATION XL GROUP, INC. (DXLG)
CIK: 0000813298
Period of Report: 2022-09-26

Reporting Person: Dhoot Ujjwal (Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-09-26	Common Stock, $0.01 par value	M	74292	$0.53	Acquired	148711	Direct
2022-09-26	Common Stock, $0.01 par value	M	18115	$0.69	Acquired	166826	Direct
2022-09-26	Common Stock, $0.01 par value	M	3449	$0.75	Acquired	170275	Direct
2022-09-27	Common Stock, $0.01 par value	S	34400	$5.50	Disposed	135875	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-09-26	Employee Stock Option (Right to Buy)	$0.53	M	74292	Disposed	2030-06-11	Common Stock (74292)	Direct
2022-09-26	Employee Stock Option (Right to Buy)	$0.69	M	18115	Disposed	2031-03-08	Common Stock (18115)	Direct
2022-09-26	Employee Stock Option (Right to Buy)	$0.75	M	3449	Disposed	2031-03-09	Common Stock (3449)	Direct

Footnotes

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.