XWELL, Inc. — Director's Dealing 2023

Jan 9, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XWELL, Inc. (XWEL)
CIK: 0001410428
Period of Report: 2023-01-05

Reporting Person: Lebowitz Michael (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-05	Stock Option (right to buy)	$0.3293	A	300000	Acquired	2033-01-05	Common Stock (300000)	Direct

Footnotes

F1: These securities were issued as part of the Issuer's equity grant to directors.

F2: The option vests in equal quarterly installments over a one-year period, with one-fourth vesting at the end of each fiscal quarter, such that the options will be fully vested as of December 31, 2023.