[Form 4] XWELL, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Wizenberg Gaelle Sandra reported acquisition or exercise transactions in this Form 4 filing.

XWELL, Inc. director Gaelle Sandra Wizenberg reported an equity award of 100,000 shares of common stock in the form of restricted stock units. The RSUs were granted on February 27, 2026, bringing her reported direct holdings to 190,698 common shares after the grant.

The 100,000 RSUs will fully vest on the thirtieth day after the grant date if she continues to be employed by, or provide services to, XWELL. 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^*

Wizenberg Gaelle Sandra

(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	190,698	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/ Gaelle Wizenberg	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 XWELL (XWEL) report for Gaelle Sandra Wizenberg?

XWELL reported that director Gaelle Sandra Wizenberg received 100,000 restricted stock units of common stock. The award was granted on February 27, 2026 and increased her directly held common shares to 190,698 following the grant, according to the Form 4 filing.

How many XWELL (XWEL) shares does Gaelle Sandra Wizenberg hold after this Form 4 grant?

After receiving 100,000 restricted stock units, Gaelle Sandra Wizenberg is reported as directly holding 190,698 shares of XWELL common stock. This figure reflects her ownership immediately following the February 27, 2026 equity award described in the Form 4 insider transaction report.

When do the 100,000 RSUs granted to XWELL (XWEL) director Gaelle Wizenberg vest?

The 100,000 restricted stock units granted to Gaelle Sandra Wizenberg vest on the thirtieth day after the grant date. Vesting requires that she remain employed by, or continue providing services to, XWELL through that date, as specified in the Form 4 footnote.

What conditions are attached to Gaelle Wizenberg’s 100,000 XWELL (XWEL) RSUs?

The 100,000 RSUs vest only if Gaelle Wizenberg continues to be employed by, or provide services to, XWELL through the thirtieth day after grant. The grant was also subject to closing of a securities purchase agreement that occurred on February 27, 2026.

How is the securities purchase agreement related to the XWELL (XWEL) RSU grant?

The RSU grant was conditioned on closing a securities purchase agreement dated February 24, 2026. That transaction closed on February 27, 2026, and the restricted stock units were granted subject to this closing, as explained in the Form 4 footnote language.