Mathieu Moreau - 15 Jul 2021 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role: Sr. VP of Sales and Products
Signature: /s/ Mathieu Moreau
Issuer symbol: XPEL
Transactions as of: 15 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 16 Aug 2022, 16:29:32 UTC
Previous filing: 09 Jun 2021
Next filing: 09 Sep 2022
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		+742	+1.9%		40,742	15 Jul 2022	Direct	F1
holding	XPEL	Common Stock						43	15 Jul 2021	by 401(k) plan

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	Award	$0	+2,969		$0.000000	2,969	15 Jul 2021	Common Stock	2,969		Direct	F1, F2
transaction	XPEL	Restricted Stock Units	Options Exercise	$0	-742	-25%	$0.000000	2,227	15 Jul 2022	Common Stock	742		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	On July 15, 2021, the Reporting Person was granted 2,969 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.