Director at XWELL (NASDAQ: XWEL) awarded 100,000 restricted stock units

Rhea-AI Filing Summary

Lebowitz Michael reported acquisition or exercise transactions in this Form 4 filing.

XWELL, Inc. director Michael Lebowitz reported an equity award of 100,000 shares of Common Stock in the form of restricted stock units (RSUs). These RSUs will vest on the 30th day after the grant date, provided he continues to be employed by or provide services to the company.

The award was granted subject to the closing of a securities purchase agreement dated February 24, 2026, which closed on February 27, 2026. Following this grant, Lebowitz is shown as directly owning 211,122 shares of the company’s common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lebowitz Michael

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	100,000	$0.00	--

Holdings After Transaction: Common Stock — 211,122 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/02/2026 - 07:43 PM Learn about SEC filing dates

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^*

Lebowitz Michael

(Last) (First) (Middle)

C/O XWELL, INC.

254 WEST 31ST STREET, 11TH FLOOR

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
XWELL, Inc. [ XWEL ]

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)
02/27/2026

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(1)	02/27/2026		A		100,000	A	$0	211,122	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. Represents 100,000 restricted stock units ("RSUs"), which such RSUs shall vest on the thirtieth (30th) day following the date of grant, provided that the reporting person remains employed by or is providing services to the Issuer. The RSUs were granted subject to the closing of the transaction contemplated by that certain securities purchase agreement, dated as of February 24, 2026, by and between the Company and the purchaser signatory thereto, which occurred on February 27, 2026.

	/s/ Michael Lebowitz	03/02/2026
	** 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.

FAQ

What insider transaction did XWEL director Michael Lebowitz report?

Michael Lebowitz reported an acquisition of 100,000 shares of XWELL, Inc. common stock through restricted stock units. The award reflects equity-based compensation tied to service with the company and is documented as a grant rather than an open-market purchase or sale.

How many XWELL (XWEL) shares does Michael Lebowitz hold after this Form 4?

After the reported grant, Michael Lebowitz is shown as directly owning 211,122 shares of XWELL, Inc. common stock. This total includes the 100,000 restricted stock units granted in the transaction described in the Form 4 filing for February 27, 2026.

What are the vesting terms of Michael Lebowitz’s 100,000 XWEL RSUs?

The 100,000 restricted stock units granted to Michael Lebowitz vest on the 30th day following the grant date. Vesting is conditioned on him remaining employed by, or continuing to provide services to, XWELL, Inc. through that vesting date under the award’s terms.

What corporate event was the XWELL RSU grant contingent upon?

The RSU grant was contingent on closing a securities purchase agreement dated February 24, 2026, between XWELL, Inc. and a purchaser. According to the filing, this transaction closed on February 27, 2026, satisfying the condition tied to the restricted stock unit award.

Is Michael Lebowitz’s XWEL Form 4 a stock purchase or a compensation award?

The Form 4 reflects a compensation-related equity award rather than an open-market stock purchase. It records 100,000 restricted stock units granted at a price of $0.0000 per share, described as a grant, award, or other acquisition of XWELL, Inc. common stock.

Does the XWEL insider transaction involve immediate cash paid for shares?

The transaction shows a price of $0.0000 per share for the 100,000 units, indicating no cash purchase in this award. It is structured as a restricted stock unit grant, with value realized through future vesting rather than an immediate cash-for-shares market transaction.