XCel Brands: 10% owner D Loren received 42,310 shares

What happened D Loren Robert W, a 10% owner, was awarded 42,310 shares by the issuer at $0.93 per share on Sep 30, 2026, valued at $39,348, and on the same date surrendered 19,547 shares at $0.93 per share to satisfy withholding tax, valued at $18,179.

Key details

• Transaction dates and prices: Sep 30, 2026 — award 42,310 shares @ $0.93 (code A); Sep 30, 2026 — shares surrendered 19,547 @ $0.93 (code F).
• Filing date: Form 4 filed Oct 2, 2026; filing timeliness not indicated in the provided data.
• Shares owned after the transaction: not stated in the provided filing.
• Footnotes:
  • F1: shares awarded in lieu of cash salary under the reporting person's employment agreement.
  • F2: shares surrendered to the issuer to pay withholding tax liability related to the stock award.
  • F3: represents shares held by Clearmarkets Capital, LLC (d/b/a IPX Capital, LLC), a company controlled by the reporting person.
  • F4: represents shares held by the irrevocable trust of Rose Dempsey, of which the reporting person has sole voting and dispositive power.

Why it may matter

• the award was issued in lieu of cash salary; the surrendered shares were used to cover withholding tax rather than sold on the open market.
• the reporting person is a 10% owner, which identifies them as a large holder rather than an executive role.
• A filing does not show why the insider traded or why the company acted.