XCEL BRANDS INC

CUSIP: 98400M101 Class: COM NEW

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Exited Positions (2)

Potomac Capital Management, Inc.
Value ($000) $1,005 Shares 779,452
JB CAPITAL PARTNERS LP
Value ($000) $26 Shares 15,000