XCel Brands, Inc. — Director's Dealing 2020

Apr 1, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCel Brands, Inc. (XELB)
CIK: 0001083220
Period of Report: 2020-03-30

Reporting Person: D LOREN ROBERT W (Director, CEO & Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-30	Common Stock	A	336700	$0.6534	Acquired	1519498	Direct
2020-03-30	Common Stock	F	155556	$0.6534	Disposed	1363942	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	526283	Indirect

Footnotes

F1: Represents shares of stock awarded pursuant to an employment agreement in lieu of a cash compensation payment

F2: Represents the surrender of shares to the issuer in payment of tax liability incident to receipt of stock award described in footnote (1).

F3: Represents the fair market value of the shares surrendered.

F4: Represents shares held by the Irrevocable Trust of Rose Dempsey, of which Mr. D'Loren has sole voting and dispositive power.