Destination XL grants 472K RSUs to EVP Olsson

Q: What equity awards did DXLG grant to James E. Olsson on September 6, 2026?

DXLG granted three Restricted Stock Unit awards to James E. Olsson totaling 471,785 RSUs on September 6, 2026, linked to DXLG common stock, under its long-term incentive plans and a separate Stock Award.

Q: What does each RSU granted by DXLG to James E. Olsson represent?

Each RSU, as defined in DXLG’s 2016 Incentive Compensation Plan, represents a contingent right to receive one share of DXLG common stock upon vesting and settlement.

Q: Were the DXLG RSU grants to Olsson made under a Rule 10b5-1 plan?

No. The filing indicates that no Rule 10b5-1 trading plan is reported in connection with these RSU grants to James E. Olsson.

DXLG’s chief growth officer received multiple time-based RSU grants that vest in stages from 2027 through 2029.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

DESTINATION XL GROUP, INC. (symbol: DXLG) is the issuer of record for a Form 4 filing submitted to the SEC. OLSSON JAMES E. reported acquisition or exercise transactions in this Form 4 filing.

DESTINATION XL GROUP, INC. (DXLG) reported that EVP and Chief Growth Officer James E. Olsson received three grants of Restricted Stock Units on September 6, 2026, covering an aggregate of 471,785 RSUs tied to DXLG common stock. These awards consist of time-based portions of the 2024–2026 and 2025–2027 Long-Term Incentive Plan awards, plus a separate Stock Award, and will vest in scheduled installments between September 6, 2027 and April 1, 2029. Each RSU represents a contingent right to receive one share of DXLG common stock, and no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 471,785 shares

Grant/Award 3 txns

Insider OLSSON JAMES E.

Role EVP, Chief Growth Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units ^{F1, F4}	21,474	$0.00	$0.00
Grant/Award	Restricted Stock Units ^{F2, F4}	74,936	$0.00	$0.00
Grant/Award	Restricted Stock Units ^{F3, F4}	375,375	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 471,785 contracts (Direct)

Footnotes (4)

F1. Represents Restricted Stock Units ("RSUs") for the time-based portion of the 2024-2026 Long-Term Incentive Plan award to the Reporting Person. The RSU's vest and become exercisable in two equal installments on September 6, 2027 and April 1, 2028.
F2. Represents RSUs for the time-based portion of the 2025-2027 Long-Term Incentive Plan award to the Reporting Person. The RSUs vest and become exercisable in three equal installments on September 6, 2027, April 1, 2028 and April 1, 2029.
F3. Represents RSUs granted pursuant to a Stock Award to the Reporting Person on September 6, 2026. The RSU's vest and become exercisable in three equal installments on September 6, 2027, September 6, 2028 and September 6, 2029.
F4. Each RSU, as defined in the Company's 2016 Incentive Compensation Plan, represents a contingent right to receive one share of DXLG common stock.

Key Figures

RSUs granted (2024–2026 LTIP time-based portion): 21,474 RSUs RSUs granted (2025–2027 LTIP time-based portion): 74,936 RSUs RSUs granted (Stock Award): 375,375 RSUs +2 more

5 metrics

RSUs granted (2024–2026 LTIP time-based portion) 21,474 RSUs Granted to James E. Olsson on September 6, 2026; vesting in two equal installments on September 6, 2027 and April 1, 2028

RSUs granted (2025–2027 LTIP time-based portion) 74,936 RSUs Granted to James E. Olsson on September 6, 2026; vesting in three equal installments through April 1, 2029

RSUs granted (Stock Award) 375,375 RSUs Granted to James E. Olsson on September 6, 2026; vesting in three equal installments through September 6, 2029

Total RSUs granted 471,785 RSUs Sum of three RSU grants to James E. Olsson on September 6, 2026

RSU expiration date September 6, 2036 Expiration date listed for each RSU grant to James E. Olsson

Key Terms

Restricted Stock Units, Long-Term Incentive Plan, Stock Award, 2016 Incentive Compensation Plan

4 terms

Restricted Stock Units financial

"Represents Restricted Stock Units ("RSUs") for the time-based portion"

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.

Long-Term Incentive Plan financial

"time-based portion of the 2024-2026 Long-Term Incentive Plan award"

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.

Stock Award financial

"RSUs granted pursuant to a Stock Award to the Reporting Person"

2016 Incentive Compensation Plan financial

"Each RSU, as defined in the Company's 2016 Incentive Compensation Plan"

FAQ

What equity awards did DXLG grant to James E. Olsson on September 6, 2026?

DXLG granted three Restricted Stock Unit awards to James E. Olsson totaling 471,785 RSUs on September 6, 2026, linked to DXLG common stock, under its long-term incentive plans and a separate Stock Award.

How many RSUs under the 2024–2026 Long-Term Incentive Plan did DXLG grant to Olsson?

Under the 2024–2026 Long-Term Incentive Plan, Olsson received 21,474 RSUs. These RSUs vest and become exercisable in two equal installments on September 6, 2027 and April 1, 2028.

What RSUs did DXLG grant to Olsson for the 2025–2027 Long-Term Incentive Plan?

For the 2025–2027 Long-Term Incentive Plan, Olsson received 74,936 RSUs. These vest in three equal installments on September 6, 2027, April 1, 2028, and April 1, 2029.

What are the terms of the DXLG Stock Award RSUs granted to Olsson?

Pursuant to a Stock Award on September 6, 2026, Olsson received 375,375 RSUs. These RSUs vest in three equal installments on September 6, 2027, September 6, 2028, and September 6, 2029.

What does each RSU granted by DXLG to James E. Olsson represent?

Each RSU, as defined in DXLG’s 2016 Incentive Compensation Plan, represents a contingent right to receive one share of DXLG common stock upon vesting and settlement.

Were the DXLG RSU grants to Olsson made under a Rule 10b5-1 plan?

No. The filing indicates that no Rule 10b5-1 trading plan is reported in connection with these RSU grants to James E. Olsson.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/09/2026 - 04:22 PM Accepted by SEC EDGAR 09/09/2026 - 04:22 PM

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^*

OLSSON JAMES E.

(Last)

(First)

(Middle)

555 TURNPIKE ST.

C/O DESTINATION XL GROUP, INC.

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Chief Growth Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/06/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0	09/06/2026		A		21,474		⁽¹⁾	09/06/2036	Common Stock	21,474⁽⁴⁾	$0	21,474	D
Restricted Stock Units	$0	09/06/2026		A		74,936		⁽²⁾	09/06/2036	Common Stock	74,936⁽⁴⁾	$0	74,936	D
Restricted Stock Units	$0	09/06/2026		A		375,375		⁽³⁾	09/06/2036	Common Stock	375,375⁽⁴⁾	$0	375,375	D

Explanation of Responses:

1. Represents Restricted Stock Units ("RSUs") for the time-based portion of the 2024-2026 Long-Term Incentive Plan award to the Reporting Person. The RSU's vest and become exercisable in two equal installments on September 6, 2027 and April 1, 2028.

2. Represents RSUs for the time-based portion of the 2025-2027 Long-Term Incentive Plan award to the Reporting Person. The RSUs vest and become exercisable in three equal installments on September 6, 2027, April 1, 2028 and April 1, 2029.

3. Represents RSUs granted pursuant to a Stock Award to the Reporting Person on September 6, 2026. The RSU's vest and become exercisable in three equal installments on September 6, 2027, September 6, 2028 and September 6, 2029.

4. Each RSU, as defined in the Company's 2016 Incentive Compensation Plan, represents a contingent right to receive one share of DXLG common stock.

	James E. Olsson	09/09/2026
	** 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)

Source: View Original Filing on SEC EDGAR

Destination XL grants 472K RSUs to EVP Olsson

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