Potomac Capital Management, Inc. - Sep 30, 2025 SCHEDULE 13G/A Report for XCel Brands, Inc. Common Stock, $0.001 par value per share (XELB)

Filing Manager
Potomac Capital Management, Inc.
Reporting Manager
Paul J. Solit
Security
XCel Brands, Inc. Common Stock, $0.001 par value per share
Symbol
XELB
Shares outstanding
4.76M shares
Disclosed Ownership
409K shares
Ownership
8.6%
Form type
SCHEDULE 13G/A
Date filed
11/14/2025, 04:30 PM
Date of event
Sep 30, 2025
Previous filing
Sep 2, 2025
SEC
View on sec.gov

Reporting Managers (4)

Name Ownership Shares Owned sole voting power shared voting power Signature Title CIK
Potomac Capital Management Inc. 8.6% 408K 408K 0 /s/ Paul J. Solit Paul J. Solit / Authorized Signatory
Paul J. Solit 8.6% 409K 409K 0 /s/ Paul J. Solit N/A
Potomac Capital Management V LLC 8.6% 408K 408K 0 /s/ Paul J. Solit Paul J. Solit / Authorized Signatory
Potomac Capital Partners V, LP 8.6% 408K 408K 0 /s/ Paul J. Solit Paul J. Solit / Authorized Signatory