Ernst Ezra 4
4 · XWELL, Inc. · Filed Sep 5, 2024
Insider Transaction Report
Form 4
XWELL, Inc.XWEL
Ernst Ezra
President and CEO
Transactions
- Award
Employee stock option (right to buy)
2024-09-04+30,000→ 30,000 totalExercise: $1.80Exp: 2034-09-04→ Common Stock (30,000 underlying) - Award
Common Stock
2024-09-04+30,000→ 31,130 total
Footnotes (2)
- [F1]Represents 30,000 shares of restricted common stock, par value $0.01 per share (the "Common Stock") of XWELL, Inc. (the "Company") issued to the reporting person in connection with the reporting person's employment agreement with the Company, effective as of September 4, 2024. One-third of the shares shall vest on each of the first, second and third anniversaries of September 4, 2024, provided that the reporting person remains employed by or is providing services to the Company.
- [F2]Represents 30,000 shares of Common Stock with such options vesting (a) 25% on September 4, 2024, (b) 18.75% on December 31, 2024, (c) 18.75% on March 31, 2025, (d) 18.75% on June 30, 2025, and (e) 18.75% on September 30, 2025, provided that the reporting person is employed by or providing services to the Company through each applicable vesting date.