Mark Adams - 24 May 2023 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role: Director
Signature: /s/ Babatunde Awodiran, XPEL General Counsel (Attorney-in-Fact)
Issuer symbol: XPEL
Transactions as of: 24 May 2023
Net transactions value: -$1,525,084
Form type: 4
Filing time: 01 Jun 2023, 18:02:33 UTC
Previous filing: 24 May 2023
Next filing: 28 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XPEL	Common Stock	Sale	$1,828	-26	-0%	$70.30	2,175,945	30 May 2023	Direct
transaction	XPEL	Common Stock	Sale	$1,603,258	-23,202	-1.1%	$69.10	2,152,743	31 May 2023	Direct	F1
transaction	XPEL	Common Stock	Options Exercise	$33,341	+498	+0.02%	$66.95	2,153,241	01 Jun 2023	Direct	F2
holding	XPEL	Common Stock						8,010	24 May 2023	by Austin Adams (son)	F3
holding	XPEL	Common Stock						26,500	24 May 2023	by spouse IRA	F4

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	$80,002	+1,120	+225%	$71.43	1,618	24 May 2023	Common Stock	1,120		Direct	F2, F5
transaction	XPEL	Restricted Stock Units	Options Exercise	$33,341	-498	-31%	$66.95	1,120	01 Jun 2023	Common Stock	498		Direct	F2, F6

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.10 to $61.13, inclusive. The Reporting Person undertakes to provide to XPEL, Inc., any security holder of XPEL, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2	Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.
F3	Mr. Adams has a power of attorney granting him voting and dispositive power over the shares set forth above.
F4	Mr. Adams has voting and dispositive power over the shares set forth above.
F5	On May 24, 2023, the Reporting Person was granted 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, these RSUs will vest in quarterly installments over a one year period with a final vesting date of May 24, 2024.
F6	On March 3, 2023, the Reporting Person was granted RSUs pursuant to the XPEL 2020 Equity Incentive Plan which was approved by the Board of Directors and stockholders. These RSUs vested on June 1, 2023.