Ryan Pape - Mar 1, 2025 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role: President and CEO, Director
Signature: /s/ Ryan Pape
Stock symbol: XPEL
Transactions as of: Mar 1, 2025
Transactions value $: -$35,369
Form type: 4
Date filed: 3/4/2025, 04:11 PM
Previous filing: Dec 3, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XPEL	Common Stock	Options Exercise		+3.57K	+0.33%		1.08M	Mar 1, 2025	Direct	F1
transaction	XPEL	Common Stock	Tax liability	-$35.4K	-1.06K	-0.1%	$33.43	1.07M	Mar 1, 2025	Direct

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	XPEL	Restricted Stock Units	Options Exercise	$0	-3.57K	-25%	$0.00	10.7K	Mar 1, 2025	Common Stock	3.57K		Direct	F1, F2
transaction	XPEL	Restricted Stock Units	Award	$0	+22.4K		$0.00	22.4K	Mar 1, 2025	Common Stock	22.4K		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.
F2	On March 1, 2024, the Reporting Person was granted 14,264 RSUs pursuant to the XPEL 2020 Equity incentive plan which was approved by the Board of Directors and stockholders. Provided the reporting person remains in continuous service, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.
F3	On March 1, 2025, the Reporting Person was granted 22,434 RSUs pursuant to the XPEL 2020 Equity incentive plan which was approved by the Board of Directors and stockholders. Provided the reporting person remains in continuous service, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.