Robert W. D. Loren - Dec 3, 2025 Form 4 Insider Report for XCel Brands, Inc. (XELB)

Role
CEO and Chairman, Director, 10%+ Owner
Signature
/s/ Robert W. D'Loren
Stock symbol
XELB
Transactions as of
Dec 3, 2025
Transactions value $
$56,934
Form type
4
Date filed
12/5/2025, 08:46 PM
Previous filing
Nov 3, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
D LOREN ROBERT W CEO and Chairman, Director, 10%+ Owner C/O XCEL BRANDS, INC., 550 SEVENTH AVENUE, NEW YORK /s/ Robert W. D'Loren 2025-12-05 0001086742

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XELB Common Stock Award $29.6K +31.5K +6.13% $0.94 545K Dec 3, 2025 Direct F1
transaction XELB Common Stock Tax liability -$13.7K -14.6K -2.67% $0.94 531K Dec 3, 2025 Direct
transaction XELB Common Stock Award $23.5K +25K +4.71% $0.94 556K Dec 3, 2025 Direct F2
transaction XELB Common Stock Purchase $17.5K +50K +9% $0.35 606K Dec 5, 2025 Direct
holding XELB Common Stock 60.7K Dec 3, 2025 See Footnote F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction XELB Stock Options Award $0 +251K $0.00 251K Dec 3, 2025 Common Stock 251K $0.94 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of awarded by the issuer pursuant to the reporting person's employment agreement in lieu of cash salary.
F2 Represents shares awarded to Mr. D'Loren
F3 The options vest as to 71,842 shares upon the common stock having a closing price of $3.00 or higher; 60,053 shares upon the common stock having a closing price of $5.00 or higher; 49,368 shares upon the common stock having a closing price of $7.00 or higher, 39,937 shares upon the common stock having a closing price of $9.00 or higher and 29,474 upon the common stock having a closing price of $11.00 or higher.
F4 Represents shares held by the Irrevocable Trust of Rose Dempsey, of which the reporting person has sole voting and dispositive power.