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Destination XL Group (DXLG) director receives 35,923-share grant

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Destination XL Group director Ivy Ross received a grant of 35,923 shares of common stock on 2026-08-03, coded as a grant, award, or other acquisition. The shares, valued at $0.5637 per share, were issued as stock compensation for the director’s quarterly retainer and committee chairperson fee, bringing direct holdings to 373,274 shares.

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Negative

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Insider Ross Ivy
Role Director
Type Security Shares Price Value
Grant/Award Common Stock, $0.01 par value F1 35,923 $0.5637 $20K
Holdings After Transaction: Common Stock, $0.01 par value — 373,274 shares (Direct)
Footnotes (1)
  1. F1. Shares issued pursuant to the Director's elected form of compensation for quarterly annual retainer and committee chairperson fee.
Shares granted 35,923 shares Equity grant of common stock to director Ivy Ross on 2026-08-03
Grant price per share $0.5637 per share Reported price per share for the stock grant
Shares owned after transaction 373,274 shares Direct ownership by Ivy Ross following the reported grant
Transaction date 2026-08-03 Date of the director stock grant reported on Form 4
Grant, award, or other acquisition regulatory
"Transaction coded as Grant, award, or other acquisition for common stock"
quarterly annual retainer financial
"Compensation for quarterly annual retainer and committee chairperson fee"
committee chairperson fee financial
"Compensation for quarterly annual retainer and committee chairperson fee"

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FAQ

What transaction did Ivy Ross report for Destination XL Group (DXLG)?

Ivy Ross reported receiving a grant of 35,923 Destination XL Group shares of common stock as director compensation. The transaction was coded as a grant, award, or other acquisition and reflects stock issued instead of cash fees for board and committee service.

How many DXLG shares were granted to Ivy Ross and at what price?

Ivy Ross was granted 35,923 shares of Destination XL Group common stock at a reported $0.5637 per share. This price represents the per-share value used for the equity award delivered as part of the director’s compensation package.

What is Ivy Ross’s total DXLG shareholding after this Form 4 transaction?

Following the grant, Ivy Ross directly owns 373,274 shares of Destination XL Group common stock. This figure reflects the updated direct holding after adding the 35,923-share equity compensation award reported in the Form 4 filing.

Was the Ivy Ross DXLG Form 4 transaction an open-market stock purchase?

No. The filing shows a grant, award, or other acquisition of 35,923 shares issued as director compensation. Footnotes specify the shares were paid in stock for the quarterly annual retainer and committee chairperson fee, not bought on the open market.

Why did Destination XL Group (DXLG) issue shares to director Ivy Ross?

Destination XL Group issued 35,923 shares to Ivy Ross under the director’s elected form of compensation. The shares represent payment for the quarterly annual retainer and committee chairperson fee, providing equity-based compensation instead of cash for board service.

On what date did the DXLG stock grant to Ivy Ross occur?

The equity grant to Ivy Ross occurred on 2026-08-03. On that date, 35,923 shares of Destination XL Group common stock were issued as compensation, updating Ross’s direct holdings to a total of 373,274 shares reported in the Form 4.
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*
Ross Ivy

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026
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 value08/03/2026A35,923(1)A$0.5637373,274D
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
Explanation of Responses:
1. Shares issued pursuant to the Director's elected form of compensation for quarterly annual retainer and committee chairperson fee.
Robert S. Molloy, Attorney-in-Fact for Ivy Ross08/05/2026
** 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)