XCel Brands, Inc. — Director's Dealing 2020

Apr 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCel Brands, Inc. (XELB)
CIK: 0001083220
Period of Report: 2020-04-01

Reporting Person: FRANCIS MICHAEL (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-01	Stock Option	$0.50	A	40000	Acquired	2025-04-01	Common Stock (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	109000	Direct

Footnotes

F1: The option vests as to 50% of the shares on each of April 1, 2021 and 2022.