Babatunde Awodiran - 19 Jun 2024 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role: SVP, Gen. Counsel, & Secretary
Signature: /s/ Babatunde Awodiran
Issuer symbol: XPEL
Transactions as of: 19 Jun 2024
Net transactions value: -$3,565
Form type: 4
Filing time: 20 Jun 2024, 16:26:45 UTC
Previous filing: 01 Mar 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		+398			398	19 Jun 2024	Direct	F1
transaction	XPEL	Common Stock	Tax liability	$3,565	-97	-24%	$36.75	301	19 Jun 2024	Direct

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	-398	-25%	$0.000000	1,194	19 Jun 2024	Common Stock	398		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 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.