Stacy L. Bogart - May 24, 2023 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role: Director
Signature: /s/ Babatunde Awodiran, XPEL General Counsel (Attorney-in-Fact)
Stock symbol: XPEL
Transactions as of: May 24, 2023
Transactions value $: $80,002
Form type: 4
Date filed: 6/1/2023, 06:09 PM
Previous filing: Mar 7, 2023
Next filing: Aug 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XPEL	Common Stock	Options Exercise	$33.3K	+498	+19.15%	$66.95	3.1K	Jun 1, 2023	Direct	F1

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	$80K	+1.12K	+224.9%	$71.43	1.62K	May 24, 2023	Common Stock	1.12K		Direct	F1, F2
transaction	XPEL	Restricted Stock Units	Options Exercise	-$33.3K	-498	-30.78%	$66.95	1.12K	Jun 1, 2023	Common Stock	498		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 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.
F3	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.