DXLG (NASDAQ: DXLG) director Conacher receives 32,608-share stock compensation grant

Rhea-AI Filing Summary

Conacher Lionel F. reported acquisition or exercise transactions in this Form 4 filing.

DESTINATION XL GROUP, INC. director Lionel F. Conacher received an equity grant of 32,608 shares of common stock at an accounting value of $0.621 per share. This award was issued as his elected form of compensation for quarterly annual retainer, chairman fee and committee chairperson fee, bringing his direct holdings to 408,568 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Conacher Lionel F.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $0.01 par value	32,608	$0.621	$20K

Holdings After Transaction: Common Stock, $0.01 par value — 408,568 shares (Direct, null)

Footnotes (1)

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Key Figures

Equity award size: 32,608 shares Grant value per share: $0.621 per share Post-transaction holdings: 408,568 shares

3 metrics

Equity award size 32,608 shares Director stock grant for retainer and fees

Grant value per share $0.621 per share Accounting value of common stock award

Post-transaction holdings 408,568 shares Direct common stock held by Lionel F. Conacher after grant

Key Terms

grant/award acquisition, annual retainer, committee chairperson fee

3 terms

grant/award acquisition financial

"transaction_action: "grant/award acquisition" describing the Form 4 code A"

annual retainer financial

"compensation for quarterly annual retainer, chairman fee and committee chairperson fee"

committee chairperson fee financial

"compensation for quarterly annual retainer, chairman fee and committee chairperson fee"

Form 4 Insider Transactions: What Each Field Means →

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
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^*

Conacher Lionel F.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.01 par value	05/04/2026		A		32,608(1)	A	$0.621	408,568	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

Explanation of Responses:

1. Shares issues pursuant to the Director's elected form of compensation for quarterly annual retainer, chairman fee and committee chairperson fee.

	Robert S. Molloy, Attorney-In-Fact for Lionel F. Conacher	05/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did DXLG director Lionel F. Conacher report?

Lionel F. Conacher reported receiving 32,608 shares of DESTINATION XL GROUP, INC. common stock as an equity grant. The award reflects his elected form of compensation for quarterly retainer, chairman fee and committee chairperson fee, rather than an open-market purchase or sale.

At what price was the DXLG equity award to Lionel F. Conacher valued?

The equity grant to Lionel F. Conacher was valued at $0.621 per share. This value is used for reporting and compensation purposes, reflecting the accounting price applied to the 32,608 common shares granted as part of his director compensation package.

How many DXLG shares does Lionel F. Conacher hold after this Form 4 transaction?

After this transaction, Lionel F. Conacher directly holds 408,568 shares of DESTINATION XL GROUP, INC. common stock. This total includes the newly awarded 32,608 shares granted as his elected form of compensation for board and committee service fees.

Was the DXLG Form 4 transaction a market purchase or sale?

No, the Form 4 transaction was not a market purchase or sale. The code “A” indicates a grant or award acquisition, and the footnote explains the shares were issued as equity compensation for director retainer, chairman fee and committee chairperson fee obligations.

What does the footnote on Lionel F. Conacher’s DXLG share grant explain?

The footnote explains that the shares were issued pursuant to the director’s elected form of compensation. Instead of cash, Lionel F. Conacher chose to receive his quarterly annual retainer, chairman fee and committee chairperson fee in DESTINATION XL GROUP, INC. common stock.

Is the DXLG Form 4 transaction classified as direct or indirect ownership?

The transaction is classified as direct ownership for reporting purposes. The Form 4 lists the ownership code as “D” for direct, indicating Lionel F. Conacher personally holds the 408,568 DESTINATION XL GROUP, INC. common shares following this equity award.