Barry Wood - Sep 7, 2024 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role: Senior Vice President/CFO
Signature: /s/ Babatunde Awodiran, XPEL General Counsel (Attorney-in-Fact)
Stock symbol: XPEL
Transactions as of: Sep 7, 2024
Transactions value $: -$11,251
Form type: 4
Date filed: 9/9/2024, 05:50 PM
Previous filing: Jul 17, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XPEL	Common Stock	Options Exercise		+1.1K	+4.08%		28K	Sep 7, 2024	Direct	F1
transaction	XPEL	Common Stock	Tax liability	-$11.3K	-267	-0.95%	$42.14	27.7K	Sep 7, 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	-1.1K	-19.87%	$0.00	4.42K	Sep 7, 2024	Common Stock	1.1K		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	On September 7, 2022, the Reporting Person was granted 4,379 RSUs pursuant to the XPEL 2020 Equity Incentive Plan which was approved by the Board of Directors and stockholders. Provided the reporting person remains in continuous service, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.