Destination XL (DXLG) Officer Reports 23,801 RSUs Vesting

Rhea-AI Filing Summary

John F. Cooney, SVP and Chief Accounting Officer of Destination XL Group, Inc. (DXLG), reported the acquisition of 23,801 restricted stock units (RSUs) on 08/31/2025. The RSUs are performance-based awards granted on April 1, 2025 under the companys 2022-2024 Long-Term Incentive Plan and convert into common stock on a one-for-one basis. Following the reported transaction, the filing shows 102,300 shares of common stock beneficially owned by the reporting person. The Form 4 is signed and dated 09/03/2025. The filing discloses no cash exercise price for the RSUs and indicates the reported change resulted from compensation vesting rather than an open-market purchase or sale.

Insights

Financial Analyst

TL;DR: Insider reported compensation-based award conversion of 23,801 RSUs, increasing beneficial ownership to 102,300 shares.

This Form 4 documents a routine, compensation-related grant converting to common stock rather than a market transaction. The RSUs were performance-based awards from April 1, 2025, under the 2022-2024 Long-Term Incentive Plan and convert one-for-one into common shares. The filing provides clear counts: 23,801 RSUs acquired and 102,300 common shares owned after the event. There is no disclosed cash price or derivative exercise cost, consistent with restricted unit vesting. From a financial-analysis perspective, this is an insider compensation disclosure with limited immediate valuation impact on the companys capital structure or cash flows.

Corporate Governance Expert

TL;DR: Routine executive compensation vesting reported; disclosure aligns with Section 16 reporting requirements.

The Form 4 identifies John F. Cooney as an officer filing for a single-person report and documents the conversion of performance-based RSUs to common stock. The filing cites the 2022-2024 Long-Term Incentive Plan as the grant source and provides dates and amounts, meeting transparency expectations for executive awards. There are no indications of unusual transaction codes or related-party arrangements in this filing. As filed, the disclosure fulfills Section 16 obligations and provides investors with ownership detail but does not signal governance concerns by itself.

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^*

Cooney John F

(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)
	SVP, Chief Accounting Officer

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		23,801	A	(1)	102,300	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			23,801	(2)	(2)	Common Stock	23,801	$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 1, 2025 under the 2022-2024 Long-Term Incentive Plan.

	John F. Cooney	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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