DXLG 10% Owner Willem Mesdag Receives 64,307 DSUs

What Happened
Willem Mesdag, reported as a 10% owner of Destination XL Group, was granted 64,307 deferred stock units (DSUs) on August 3, 2026. The Form 4 reports the acquisition as a derivative award (code A) with a per-unit reporting value of $0.00; a footnote states the per-share value is determined by the closing price of DXLG on July 31, 2026. Each DSU represents an ownership equivalent to one share and is payable under the Company's Director Plan upon separation of service, death, disability, or a change in control.

Key Details

• Transaction date: 2026-08-03; Form filed: 2026-08-05 (timely within Form 4 rules).
• Securities acquired: 64,307 Deferred Stock Units (DSUs); Form reports price per unit as $0.00 (derivative award).
• Shares owned after transaction: Reporting lists indirect/associated holdings totaling 2,593,758 shares across Mesdag entities (Mesdag Family LP, Mesdag Family Foundation, 2012 Mesdag Trust, Red Mountain Capital Partners LLC, Red Mountain Capital Management, Inc.); the 64,307 DSUs are credited in addition.
• Notable footnotes: (F2) DSUs issued as elected director compensation; (F4/F5) each DSU equals one share equivalent and is payable upon separation/death/disability/change in control; (F1) Mesdag holds interests indirectly via family/affiliated entities and disclaims beneficial ownership except to the extent of pecuniary interest.
• Transaction type: Derivative award (not an open-market purchase or sale); no cash outlay or immediate sale of underlying shares.

Context
These DSUs are deferred compensation awarded under the director plan (quarterly retainer and committee fees elected to be taken as DSUs). For retail investors: award grants like this reflect compensation design rather than an outright buy or sell signal and do not necessarily indicate short-term sentiment about the stock. Mesdag is a significant shareholder through affiliated vehicles, and this filing reflects a director compensation grant recorded as a derivative acquisition.