DiSanto Mark 4

What Happened

• Mark DiSanto, a director of XCel Brands, was granted equity on April 20, 2026: 1,250 restricted shares (priced at $0) and a 3,500-share derivative award (priced at $0). Total granted = 4,750 shares; no cash was paid.
• These grants are awards (compensation/retention), not open-market purchases or sales.

Key Details

• Transaction date and price: April 20, 2026; shares granted at $0.00 per share.
• Vesting: The 1,250 restricted shares vest 50% on April 1, 2027 and 50% on April 1, 2028; the derivative award also vests 50% on April 1, 2027 and 50% on April 1, 2028 (per filing footnotes). Mr. DiSanto may extend the restricted-stock vesting date in six-month increments at his discretion.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Ownership structure notes: Some shares are held by the Mark X DiSanto Investment Trust and other trusts for which Mr. DiSanto is trustee and has sole voting/dispositive power (footnotes F2 and F3).
• Filing timeliness: Reported on April 22, 2026 for an April 20, 2026 transaction — filed within the typical two-business-day Form 4 window.

Context

• Awards and derivative grants are typically part of compensation or retention plans and do not necessarily indicate immediate market buying or selling intent.
• The derivative award here has an explicit vesting schedule (50%/50% over 2027–2028); the filing does not indicate a cashless exercise or immediate sale.