XWELL Director Bruce Bernstein Receives 500,000 Restricted Shares

What Happened
Bruce Bernstein, a director of XWELL, reported an award/acquisition of 500,000 restricted shares of the company's common stock on 2026-08-25. The shares were reported at an acquisition price of $0 and, per the filing footnote, vested fully on the date of grant — meaning Bernstein obtained the shares outright at grant.

Key Details

• Transaction date: 2026-08-25 (Form 4 filed 2026-09-02)
• Transaction type/code: Award/Grant (Code A) — restricted common stock
• Shares acquired: 500,000; Price per share reported: $0; Total reported cash outlay: $0
• Footnote: F1 — these are restricted shares that vested fully on the grant date
• Filing timeliness: Form dated Sep 2, 2026 for an Aug 25 transaction — appears to be filed late (more than the typical 2 business days required)
• Shares owned after transaction: Not specified in the provided filing

Context
This was a compensation-related grant (restricted stock) rather than an open-market purchase or sale. Because the shares vested immediately, Bernstein became the beneficial owner of the 500,000 shares on the grant date. Awards like this reflect compensation or board-related grants and do not by themselves indicate the insider’s short-term market view.