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XWELL, Inc. — Director's Dealing 2024
Sep 5, 2024
35356_dirs_2024-09-05_fcad81dd-a05b-496e-95a2-952f1faa2e79.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: XWELL, Inc. (XWEL)
CIK: 0001410428
Period of Report: 2024-09-04
Reporting Person: Ernst Ezra (President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-09-04 | Common Stock | A | 30000 | — | Acquired | 31130 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-09-04 | Employee stock option (right to buy) | $1.80 | A | 30000 | Acquired | 2034-09-04 | Common Stock (30000) | Direct |
Footnotes
F1: Represents 30,000 shares of restricted common stock, par value $0.01 per share (the "Common Stock") of XWELL, Inc. (the "Company") issued to the reporting person in connection with the reporting person's employment agreement with the Company, effective as of September 4, 2024. One-third of the shares shall vest on each of the first, second and third anniversaries of September 4, 2024, provided that the reporting person remains employed by or is providing services to the Company.
F2: Represents 30,000 shares of Common Stock with such options vesting (a) 25% on September 4, 2024, (b) 18.75% on December 31, 2024, (c) 18.75% on March 31, 2025, (d) 18.75% on June 30, 2025, and (e) 18.75% on September 30, 2025, provided that the reporting person is employed by or providing services to the Company through each applicable vesting date.