XWELL Director Reid Gerard Receives 150,000-Share Award

What Happened

• Reid Gerard, a director of XWELL, Inc. (ticker: XWEL), was granted 150,000 restricted shares of common stock on 2026-08-25. The shares were issued at $0.00 per share (total acquisition value $0) and, per the filing footnote, vested fully on the date of grant. This transaction is an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-25; Filing date (Form 4): 2026-09-04.
• Price: $0.00 per share; Shares acquired: 150,000; Implied total cash value at grant: $0.
• Vesting: Footnote states the restricted shares vested fully on the grant date (immediate vesting).
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Timeliness: The Form 4 was filed 10 days after the transaction date; SEC Form 4s are normally due within 2 business days, so this appears to be a late filing.

Context

• This was an equity award (compensation/award), not a market purchase or sale. Immediate vesting means the shares are no longer subject to a future vesting schedule. Awards don’t necessarily indicate the insider’s market view; they are commonly part of director compensation arrangements.