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[Form 4] DESTINATION XL GROUP, INC. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Destination XL Group’s General Counsel & Secretary, Robert S. Molloy, exercised restricted stock units into common shares and had a portion withheld for taxes. On April 1, 2026, he converted 23,563 RSUs into the same number of common shares at an exercise price of $0.00 per share.

To cover tax obligations, 8,801 common shares were withheld at $0.51 per share. Following these compensation-related transactions, Molloy directly held 320,617 shares of Destination XL Group common stock. The RSUs relate to time-based portions of the company’s 2022–2027 long-term incentive plans.

Positive

  • None.

Negative

  • None.
Insider Molloy Robert S
Role General Counsel & Secretary
Type Security Shares Price Value
Exercise Restricted Stock Units 3,364 $0.00 --
Exercise Restricted Stock Units 3,846 $0.00 --
Exercise Restricted Stock Units 4,757 $0.00 --
Exercise Restricted Stock Units 11,596 $0.00 --
Exercise Common Stock, $0.01 par value 3,364 $0.00 --
Exercise Common Stock, $0.01 par value 3,846 $0.00 --
Exercise Common Stock, $0.01 par value 4,757 $0.00 --
Exercise Common Stock, $0.01 par value 11,596 $0.00 --
Tax Withholding Common Stock, $0.01 par value 8,801 $0.51 $4K
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock, $0.01 par value — 309,219 shares (Direct)
Footnotes (1)
  1. Each RSU, as defined in the Company's 2016 Incentive Compensation Plan, represents a contingent right to receive one share of DXLG common stock. Represents shares withheld from shares otherwise issuable upon vesting of RSUs for payment of taxes. Represents RSUs for the time-based portion of the 2022-2024 Long-Term Inventive Plan awared to the Reporting Person on April 9, 2022. Represents RSUs for the time-based portion of the 2023-2025 Long-Term Inventive Plan awared to the Reporting Person on May 1, 2023. The remaining RSUs vest and become exercisable on April 1, 2027. Represents RSUs for the time-based portion of the 2024-2026 Long-Term Inventive Plan awared to the Reporting Person on April 1, 2024. The remaining RSUs vest and become exercisable on April 1, 2027 and April 1, 2028. Represents RSUs for the time-based portion of the 2025-2027 Long-Term Inventive Plan awared to the Reporting Person on April 1, 2025. The remaining RSUs vest and become exercisable on April 1, 2027, April 1, 2028 and April 1, 2029.
RSUs exercised 23,563 RSUs Converted to common stock on April 1, 2026
Shares withheld for taxes 8,801 shares Tax withholding disposition at $0.51 per share
Post-transaction holdings 320,617 shares Common stock directly held after April 1, 2026 transactions
Tax withholding price $0.51 per share Value for 8,801 withheld common shares
RSU conversion price $0.00 per share Exercise or conversion of 23,563 restricted stock units
Derivative exercises 4 transactions RSU exercises summarized in transaction data
Total RSU shares exercised 23,563 shares ExerciseShares in transaction summary
Restricted Stock Units financial
"Each RSU, as defined in the Company's 2016 Incentive Compensation Plan, represents a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"represents a contingent right to receive one share of DXLG common stock"
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Long-Term Incentive Plan financial
"time-based portion of the 2022-2024 Long-Term Inventive Plan awared to the Reporting Person"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
time-based portion financial
"Represents RSUs for the time-based portion of the 2023-2025 Long-Term Inventive Plan"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
Estimated average burden
hours per response:0.5
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 MASSACHUSETTS 02021
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
DESTINATION XL GROUP, INC. [ DXLG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
General Counsel & Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock, $0.01 par value04/01/2026M3,364A(1)309,219D
Common Stock, $0.01 par value04/01/2026M3,846A(1)313,065D
Common Stock, $0.01 par value04/01/2026M4,757A(1)317,822D
Common Stock, $0.01 par value04/01/2026M11,596A(1)329,418D
Common Stock, $0.01 par value04/01/2026F8,801(2)D$0.51320,617D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)04/01/2026M3,364 (3) (3)Common Stock3,364$00D
Restricted Stock Units(1)04/01/2026M3,846 (4) (4)Common Stock3,846$03,847D
Restricted Stock Units(1)04/01/2026M4,757 (5) (5)Common Stock4,757$09,514D
Restricted Stock Units(1)04/01/2026M11,596 (6) (6)Common Stock11,596$034,788D
Explanation of Responses:
1. Each RSU, as defined in the Company's 2016 Incentive Compensation Plan, represents a contingent right to receive one share of DXLG common stock.
2. Represents shares withheld from shares otherwise issuable upon vesting of RSUs for payment of taxes.
3. Represents RSUs for the time-based portion of the 2022-2024 Long-Term Inventive Plan awared to the Reporting Person on April 9, 2022.
4. Represents RSUs for the time-based portion of the 2023-2025 Long-Term Inventive Plan awared to the Reporting Person on May 1, 2023. The remaining RSUs vest and become exercisable on April 1, 2027.
5. Represents RSUs for the time-based portion of the 2024-2026 Long-Term Inventive Plan awared to the Reporting Person on April 1, 2024. The remaining RSUs vest and become exercisable on April 1, 2027 and April 1, 2028.
6. Represents RSUs for the time-based portion of the 2025-2027 Long-Term Inventive Plan awared to the Reporting Person on April 1, 2025. The remaining RSUs vest and become exercisable on April 1, 2027, April 1, 2028 and April 1, 2029.
Robert S. Molloy04/03/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did DXLG’s Robert S. Molloy report in this Form 4 filing?

Robert S. Molloy reported exercising restricted stock units into Destination XL Group common shares and using some of those shares to pay taxes. These are compensation-related transactions, not open-market purchases or sales, and increased his directly held common stock position.

How many Destination XL (DXLG) RSUs did Molloy convert to common stock?

Molloy converted a total of 23,563 restricted stock units into the same number of Destination XL common shares at an exercise price of $0.00 per share. Each RSU represented a contingent right to receive one share of DXLG common stock upon vesting.

How many DXLG shares were withheld for taxes in this Form 4?

The filing shows 8,801 common shares of Destination XL Group were withheld to satisfy tax obligations. These shares were valued at $0.51 per share and represent a tax-withholding disposition, not an open-market stock sale by Molloy.

What are Molloy’s DXLG common stock holdings after these transactions?

After the RSU conversions and tax withholding, Molloy directly held 320,617 shares of Destination XL Group common stock. This figure reflects his position following all reported April 1, 2026 transactions and provides context for the scale of these compensation events.

Which DXLG long-term incentive plans are tied to these RSUs?

The RSUs are tied to time-based portions of Destination XL’s 2022–2024, 2023–2025, 2024–2026, and 2025–2027 long-term incentive plans. Footnotes describe remaining RSUs from these awards that vest and become exercisable on specified dates through April 1, 2029.