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

Role: Director
Signature: /s/ Richard K. Crumly
Stock symbol: XPEL
Transactions as of: Nov 24, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/28/2023, 04:06 PM
Previous filing: Aug 24, 2023
Next filing: Feb 26, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XPEL	Common Stock	Options Exercise		+280	+35.99%		1.06K	Nov 24, 2023	Direct	F1
holding	XPEL	Common Stock						317K	Nov 24, 2023	See Footnotes	F2, F3
holding	XPEL	Common Stock						1.08M	Nov 24, 2023	See Footnotes	F3, F4
holding	XPEL	Common Stock						15.5K	Nov 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	-33.33%	$0.00	560	Nov 24, 2023	Common Stock	280		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	The Restricted Stock Units were granted on May 24, 2023 and vest as follows: one-fourth vested on August 24, 2023 with the remaining vesting in quarterly installments over a one-year period from the grant date until vested in full.