Destination XL (DXLG) Form 4: Performance RSUs Increase Insider Ownership

Rhea-AI Filing Summary

Destination XL Group, Inc. (DXLG) reporting person Robert S. Molloy, General Counsel & Secretary, received 46,267 restricted stock units (RSUs) on 08/31/2025 under the companys 2022-2024 Long-Term Incentive Plan. The RSUs are performance-based awards granted on 04/15/2025 and convert one-for-one into common stock. Following the reported RSU acquisition, Molloy beneficially owns 305,855 shares of common stock. The Form 4 discloses the grant transaction (Code M) and shows the RSUs carry a $0 exercise/conversion price as reported.

Positive

• 46,267 RSUs granted to the General Counsel & Secretary, indicating a material equity award reported on Form 4
• Beneficial ownership increased to 305,855 shares, showing the reporting person now holds a larger equity stake
• RSUs are performance-based and convert one-for-one into common stock under the 2022-2024 Long-Term Incentive Plan

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Insider received performance RSUs, modestly increasing insider ownership and aligning compensation with company performance.

The filing documents a performance-based award of 46,267 RSUs to the companys General Counsel & Secretary that convert one-for-one into common shares. This increases the reporting persons beneficial ownership to 305,855 shares, indicating managements compensation mix includes equity incentives tied to performance. The disclosure is routine for long-term incentives and complies with Section 16 reporting requirements.

Securities Analyst

TL;DR: Form 4 records a standard equity grant (RSUs) with clear quantity and ownership impact; no cash consideration reported.

The transaction is coded as M and reflects the conversion of performance RSUs into potential common stock with a reported conversion price of $0. The filing shows the timing (08/31/2025) and origin (2022-2024 Long-Term Incentive Plan, grant dated 04/15/2025). It is a routine disclosure of executive compensation-related ownership changes and does not include other transactions or dispositions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Molloy Robert S

(Last) (First) (Middle)

C/O DESTINATION XL GROUP, INC.

555 TURNPIKE STREET

(Street)

CANTON MA 02021

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DESTINATION XL GROUP, INC. [ DXLG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
08/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.01 par value	08/31/2025		M		46,267	A	(1)	305,855	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	08/31/2025		M			46,267	(2)	(2)	Common Stock	46,267	$0	0	D

Explanation of Responses:

1. Restricted stock units ("RSU") convert into common stock on a one-for-one basis.

2. Represents RSUs for performance-based compensation granted to the Reporting Person on April 15, 2025 under the 2022-2024 Long-Term Incentive Plan.

	Robert S. Molloy	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Robert S. Molloy report on Form 4 for DXLG?

He reported receiving 46,267 restricted stock units (RSUs) on 08/31/2025, reported with transaction code M.

How many shares does Robert S. Molloy beneficially own after the reported transaction?

Following the reported transaction, he beneficially owns 305,855 shares of DXLG common stock.

What is the nature of the RSUs granted to the reporting person?

The RSUs are performance-based awards granted on 04/15/2025 under the 2022-2024 Long-Term Incentive Plan and convert one-for-one into common stock.

What price or exercise amount is reported for the derivative/RSU conversion?

The Form 4 reports a conversion/exercise price of $0 for the underlying common stock tied to the RSUs.

What filing code identifies the reported transaction on Form 4?

The transaction is reported with code M, indicating a transaction relating to the conversion or vesting of securities.