XWELL Director Robert Weinstein Receives 50,000-Share Award

What Happened

• Robert Weinstein, a director of XWELL, Inc. (XWEL), was granted 50,000 restricted shares of the company’s common stock on 2026-08-25. The shares are reported at $0.00 per share (total reported value $0) and, per the filing footnote, they vested fully on the date of grant. This is an award/grant transaction (not a purchase or sale).

Key Details

• Transaction date: 2026-08-25; Filing date (Form 4): 2026-09-02.
• Transaction type/code: Award/Acquisition (A); 50,000 shares at $0.00.
• Total reported cash consideration: $0.00.
• Footnote: Represents restricted shares of common stock that vested fully on the date of grant.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Timing note: The Form 4 was filed more than two business days after the transaction date, so this filing appears to be late relative to the usual two-business-day Form 4 deadline.

Context

• This was a grant of restricted stock that vested immediately per the footnote; it is not an exercised option, open-market purchase, or a sale. Grants and awards reflect compensation or recognition and do not by themselves signal buying or selling intent in the market.