Ryan Pape - Jul 15, 2024 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role: President and CEO, Director
Signature: /s/ Babatunde Awodiran, XPEL General Counsel (Attorney-in-Fact)
Stock symbol: XPEL
Transactions as of: Jul 15, 2024
Transactions value $: -$9,356
Form type: 4
Date filed: 7/17/2024, 04:55 PM
Previous filing: Jun 20, 2024
Next filing: Sep 9, 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		+1.04K	+0.09%		1.12M	Jul 15, 2024	Direct	F1
transaction	XPEL	Common Stock	Tax liability	-$9.36K	-253	-0.02%	$36.98	1.12M	Jul 15, 2024	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	-1.04K	-49.98%	$0.00	1.04K	Jul 15, 2024	Common Stock	1.04K		Direct	F1, F2

* 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	The RSUs were granted on July 15, 2021 pursuant to the XPEL 2020 Equity Incentive Plan approved by the Board of Directors and stockholders and vest as follows: One-fourth vested on July 15, 2024 with the remaining shares vesting in one additional annual installment, provided the reporting person remains in service to the Company.