Mike Klonne - 24 Feb 2024 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 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 26 Feb 2024, 16:02:16 UTC
Previous filing: 28 Nov 2023
Next filing: 24 May 2024
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	+26%		1,338	24 Feb 2024	Direct	F1
holding	XPEL	Common Stock						53,390	24 Feb 2024	by: Michael A. Klonne Living Trust

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	-50%	$0.000000	280	24 Feb 2024	Common Stock	280		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 RSUs were granted on May 24, 2023 pursuant to the XPEL 2020 Equity Incentive Plan approved by the Board of Directors and stockholders and vest as follows: One-fourth vested on August 24, 2023 with the remaining shares vesting in quarterly installments over a period of one year from the grant date, provided the reporting person remains in service to the Company.