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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 2/15/24 |
| Issuer: |
| Issuer CIK: 813298 |
| Issuer Name: DESTINATION XL GROUP, INC. |
| Issuer Trading Symbol: DXLG |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1431242 |
| | Owner Name: Molloy Robert S |
| Reporting Owner Address: |
| | Owner Street 1: C/O DESTINATION XL GROUP, INC. |
| | Owner Street 2: 555 TURNPIKE STREET |
| | Owner City: CANTON |
| | Owner State: MA |
| | Owner ZIP Code: 02021 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: General Counsel & Secretary |
| Aff 10b5 One: 1 |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock, $0.01 par value |
| | Transaction Date: |
| | | Value: 2/15/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 20,000 |
| | | Transaction Price Per Share: |
| Value: 0.53 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 260,409 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock, $0.01 par value |
| | Transaction Date: |
| | | Value: 2/15/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 20,000 |
| | | Transaction Price Per Share: |
| Value: 4.0003 |
| Footnote ID: F2 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 240,409 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Non-Qualified Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 0.53 |
| | Transaction Date: |
| | | Value: 2/15/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 20,000 |
| Footnote ID: F3 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Value: 6/11/21 |
| | Expiration Date: |
| | | Value: 6/11/30 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 20,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 125,731 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted by the Reporting Person on June 30, 2023. |
| Footnote - F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.00 to $4.005 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4. |
| Footnote - F3: Represents a grant of non-qualified stock options to the Reporting Person on June 11, 2020, under the Company's 2016 Incentive Compensation Plan. |
| Owner Signature: |
| Signature Name: Robert S. Molloy |
| Signature Date: 2/16/24 |
