Richard K. Crumly - Feb 24, 2024 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role
Director
Signature
/s/ Richard K. Crumly
Stock symbol
XPEL
Transactions as of
Feb 24, 2024
Transactions value $
$0
Form type
4
Date filed
2/26/2024, 04:05 PM
Previous filing
Nov 28, 2023
Next filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XPEL Common Stock Options Exercise +280 +26.47% 1.34K Feb 24, 2024 Direct F1
holding XPEL Common Stock 317K Feb 24, 2024 See Footnotes F2, F3
holding XPEL Common Stock 1.08M Feb 24, 2024 See Footnotes F3, F4
holding XPEL Common Stock 15.5K Feb 24, 2024 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 -50% $0.00 280 Feb 24, 2024 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 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.