XCel Brands, Inc. — Director's Dealing 2023

Aug 25, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCel Brands, Inc. (XELB)
CIK: 0001083220
Period of Report: 2023-08-23

Reporting Person: DiSanto Mark (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-23	Common Stock	A	10000	—	Acquired	25000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-08-23	Stock Option	$1.51	A	25000	Acquired	2028-04-01	Common Stock (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1032613	Indirect
Common Stock	82392	Indirect

Footnotes

F1: Represents shares of restricted stock awarded pursuant to a restated stock agreement, which vests as to 50% of the shares on each of April 1, 2024 and April 1, 2025, provided that the reporting person may extend the vesting date as to all or a portion of the shares, one or more times, in six month increments, at his sole discretion.

F2: Represents shares held by The Mark X DiSanto Investment Trust, of which Mr. DiSanto is trustee and as to which Mr. DiSanto has sole voting dispositive power.

F3: Represents shares held by other truests, of which Mr. DiSanto is trustee and as to which Mr. DiSanto has sole voting dispositive power.

F4: The options vest as to 50% of the shares on each of April 1, 2024 and April 1, 2025.