John F. North - 24 Nov 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 Nov 2023
Net transactions value: $0
Form type: 4
Filing time: 28 Nov 2023, 16:06:13 UTC
Previous filing: 21 Sep 2023
Next filing: 05 Dec 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		+232			232	24 Nov 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	Options Exercise	$0	-232	-33%	$0.000000	465	24 Nov 2023	Common Stock	232		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	The Restricted Stock Units were granted on August 29 , 2023 and vest as follows: one-fourth vested on November 24, 2023 with the remaining vesting in quarterly installments over a one-year period from the grant date until vested in full.