XCel Brands (XELB) director reports restricted stock and option awards

Rhea-AI Filing Summary

Deborah Weinswig, a director of XCel Brands, Inc., reported receiving new equity awards in the company.

On 12/03/2025 she was granted 6,800 shares of restricted common stock at $0, increasing her direct holdings to 13,600 shares. These restricted shares are scheduled to vest on March 31, 2026, and she may extend the vesting date in six month increments at her discretion.

She was also granted stock options covering 21,500 shares of common stock at an exercise price of $0.94 per share, exercisable from 12/03/2025 and expiring on 12/03/2030.

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

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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^*

Weinswig Deborah

(Last) (First) (Middle)

C/O XCEL BRANDS, INC.

550 SEVENTH AVENUE

(Street)

NEW YORK NY 10018

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
XCel Brands, Inc. [ XELB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/03/2025

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	12/03/2025		A		6,800(1)	A	$0	13,600	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
Stock Options	$0.94	12/03/2025		A		21,500		12/03/2025	12/03/2030	Common Stock	21,500	$0	21,500	D

Explanation of Responses:

1. Represents shares of restricted stock awarded pursuant to a restricted stock agreement, which vests on March 31, 2026, provided that the reporting person may extend the vesting date as to all or a portion of the shares, one or more times, in six month increments, at his sole discretion.

	/s/ Deborah Weinswig	12/05/2025
	** 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.

FAQ

What insider transaction did XELB director Deborah Weinswig report?

Deborah Weinswig reported acquiring 6,800 shares of restricted common stock at $0 and receiving 21,500 stock options at an exercise price of $0.94 on 12/03/2025.

How many XCel Brands (XELB) shares does Deborah Weinswig own after this transaction?

After the reported transaction, Deborah Weinswig beneficially owns 13,600 shares of XCel Brands common stock directly.

When do the restricted XELB shares granted to Deborah Weinswig vest?

The 6,800 restricted shares are scheduled to vest on March 31, 2026, and she may extend the vesting date in six month increments at her sole discretion.

What are the key terms of the XCel Brands stock options granted to Deborah Weinswig?

She received 21,500 stock options with an exercise price of $0.94 per share, exercisable from 12/03/2025 and expiring on 12/03/2030. Each option relates to one share of common stock.

Did Deborah Weinswig pay cash for the restricted XELB shares?

No cash consideration is shown; the 6,800 restricted shares were reported with a price of $0 per share.

Is this XCel Brands Form 4 filed for one reporting person or a group?

The form indicates it is filed by one reporting person, covering the holdings and transactions of Deborah Weinswig only.