Director Robert Weinstein awarded 100,000 XWELL (XWEL) RSUs as equity pay

Rhea-AI Filing Summary

XWELL, Inc. director Robert Weinstein reported an equity compensation grant. He acquired 100,000 shares of Common Stock in the form of restricted stock units (RSUs), bringing his reported direct holdings to 215,231 shares after the award.

The 100,000 RSUs will vest on the thirtieth day following the grant date, as long as he continues to be employed by, or provide services to, the company. The grant was conditioned on the closing of a securities purchase agreement dated February 24, 2026, which closed on February 27, 2026.

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^*

WEINSTEIN ROBERT

(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	215,231	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/ Robert Weinstein	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).
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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 XWELL (XWEL) director Robert Weinstein report?

Robert Weinstein reported an equity compensation grant from XWELL, Inc. He acquired 100,000 shares of Common Stock in the form of restricted stock units (RSUs), increasing his reported direct holdings to 215,231 shares after the transaction.

How many XWELL (XWEL) RSUs were granted to director Robert Weinstein?

Robert Weinstein received 100,000 restricted stock units (RSUs) from XWELL, Inc. These RSUs represent a right to receive 100,000 shares of Common Stock, subject to vesting conditions tied to time and service with the company.

When do Robert Weinstein’s XWELL (XWEL) RSUs vest?

Weinstein’s 100,000 XWELL RSUs vest on the 30th day after the grant date. Vesting requires that he remain employed by, or continue providing services to, XWELL through that vesting date as specified in the award terms.

What conditions were tied to Robert Weinstein’s XWELL (XWEL) RSU grant?

The 100,000 RSU grant was subject to closing of a securities purchase agreement dated February 24, 2026. That transaction closed on February 27, 2026, satisfying the closing condition for the equity award to Weinstein.

What is Robert Weinstein’s reported XWELL (XWEL) share ownership after the grant?

After the RSU grant, Robert Weinstein’s reported direct holdings are 215,231 shares of XWELL Common Stock. This figure includes the impact of the 100,000-share RSU award as reflected in the insider ownership reporting data.

Is Robert Weinstein’s XWELL (XWEL) RSU grant a cash purchase or compensation?

The filing identifies Weinstein’s 100,000-share award as a grant or award acquisition, not an open-market cash purchase. The transaction code “A” indicates it is equity compensation rather than a traditional buy or sell in the market.