Bernstein Bruce 4
4 · XWELL, Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
XWELL Director Bernstein Receives 100,000 RSU Award
What Happened
Bruce Bernstein, a director of XWELL, Inc. (XWEL), was granted 100,000 restricted stock units (RSUs) on February 27, 2026. The grant is reported as an "A" (award/grant) transaction at a reported price of $0.00 (total reported value $0). The RSUs will vest on the 30th day following the grant date provided Bernstein remains employed by or continues to provide services to the company.
Key Details
- Transaction date: 2026-02-27; Form 4 filed: 2026-03-02 (filed within the typical two-business-day Form 4 deadline).
- Transaction type/code: Award/Grant (A). Reported price per share: $0.00; reported total value: $0.
- Grant size: 100,000 RSUs. Vesting: 30 days after grant, subject to continued service.
- Grant was conditioned on closing of a related securities purchase agreement dated Feb 24, 2026; that closing occurred on Feb 27, 2026.
- Shares owned after the transaction: not disclosed in the Form 4.
Context
RSUs are deferred equity awards that vest into shares if vesting conditions are met; they are not an open-market purchase or sale and do not by themselves indicate immediate buying/selling activity. This grant is a compensation/retention award tied to service and the closing of a company transaction.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-27+100,000→ 339,882 total
Footnotes (1)
- [F1]Represents 100,000 restricted stock units ("RSUs"), which such RSUs shall vest on the thirtieth (30th) day following the date of grant, provided that the reporting person remains employed by or is providing services to the Issuer. The RSUs were granted subject to the closing of the transaction contemplated by that certain securities purchase agreement, dated as of February 24, 2026, by and between the Company and the purchaser signatory thereto, which occurred on February 27, 2026.