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

Role
Director
Signature
/s/ Richard K. Crumly
Issuer symbol
XPEL
Transactions as of
24 Aug 2023
Net transactions value
$0
Form type
4
Filing time
24 Aug 2023, 16:13:05 UTC
Previous filing
27 Jun 2023
Next filing
28 Nov 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 Options Exercise +280 +56% 778 24 Aug 2023 Direct F1
holding XPEL Common Stock 316,912 24 Aug 2023 See Footnotes F2, F3
holding XPEL Common Stock 1,076,743 24 Aug 2023 See Footnotes F3, F4
holding XPEL Common Stock 15,500 24 Aug 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% $0.000000 840 24 Aug 2023 Common Stock 280 $0.000000 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.