MESDAG WILLEM 4

What Happened
Willem Mesdag (reported as a 10% owner) was credited with 58,373 deferred stock units (DSUs) on May 4, 2026 as an award under the Company's Director Plan. The Form 4 records the acquisition at $0.00 (derivative award); the filing notes the per‑share value is based on the closing price of DXLG on May 1, 2026. Each DSU represents the economic equivalent of one share but is payable later under the Director Plan.

Key Details

• Transaction date: May 4, 2026; filing date: May 6, 2026 (timely filed). Transaction code: A (award/grant).
• Amount: 58,373 DSUs credited; reported acquisition price: $0.00 (derivative). Per‑share value determined by DXLG close on May 1, 2026 (see footnote).
• Shares/units owned: Footnote lists 2,593,758 shares held across entities controlled by the reporting person (Mesdag Family LP, Foundation, trusts, Red Mountain entities). The DSUs add 58,373 units of deferred economic exposure (combined ~2,652,131 if counted together).
• Notable footnotes: DSUs are director compensation (F2, F4); each DSU equals one share; payable on separation, death, disability or change in control (F5). The filer disclaims beneficial ownership except to extent of pecuniary interest; the filing system limitations are noted (F1).
• Nature of transaction: derivative award (deferred units), not an open‑market purchase or sale.

Context
DSUs are a form of deferred compensation — they provide future economic exposure to shares but do not represent immediately tradeable stock. Such awards are routine for directors and do not necessarily signal a near‑term buy or sell decision. Mesdag is a large/10% holder via multiple entities; this transaction reflects director compensation and deferred pay rather than an active market purchase.