Richard K. Crumly - Aug 24, 2023 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role: Director
Signature: /s/ Richard K. Crumly
Stock symbol: XPEL
Transactions as of: Aug 24, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/24/2023, 04:13 PM
Previous filing: Jun 27, 2023
Next filing: Nov 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XPEL	Common Stock	Options Exercise		+280	+56.22%		778	Aug 24, 2023	Direct	F1
holding	XPEL	Common Stock						317K	Aug 24, 2023	See Footnotes	F2, F3
holding	XPEL	Common Stock						1.08M	Aug 24, 2023	See Footnotes	F3, F4
holding	XPEL	Common Stock						15.5K	Aug 24, 2023	See Footnotes	F3, F5

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	-280	-25%	$0.00	840	Aug 24, 2023	Common Stock	280	$0.00	Direct	F1, F6

* 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	Represents securities held by CARPE, LLC, of which Mr. Crumly is a control person.
F3	Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that Mr. Crumly is or was, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities in excess of his pecuniary interests.
F4	Represents securities held by ADAMAS, LLC, of which Mr. Crumly is a control person.
F5	Represents securities held by Mr. Crumly's spouse. Mr. Crumly disclaims beneficial ownership of such securities.
F6	On May 24, 2023, the Reporting Person was granted 1,120 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.