Ryan Pape - 19 Jun 2024 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role
President and CEO, Director
Signature
/s/ Babatunde Awodiran, XPEL General Counsel (Attorney-in-Fact)
Issuer symbol
XPEL
Transactions as of
19 Jun 2024
Net transactions value
-$17,824
Form type
4
Filing time
20 Jun 2024, 16:25:27 UTC
Previous filing
01 Mar 2024
Next filing
17 Jul 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 +1,990 +0.18% 1,123,236 19 Jun 2024 Direct F1
transaction XPEL Common Stock Tax liability $17,824 -485 -0.04% $36.75 1,122,751 19 Jun 2024 Direct F2

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 -1,990 -9% $0.000000 20,037 19 Jun 2024 Common Stock 1,990 Direct F1, F3
* 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 Mr. Pape delivered 485 previously owned and unencumbered shares of common stock for payment of the tax withholding, using the closing stock price on June 18, 2024 of $36.75, pursuant to the terms of the XPEL 2020 Equity Incentive Plan and the Restricted Stock Unit Agreement between Mr. Pape and the Company.
F3 The RSUs were granted on June 19, 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 June 19, 2024 with the remaining shares vesting in equal annual installments, provided the reporting person remains in service to the Company.