Richard K. Crumly - 14 Mar 2025 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role: Director
Signature: /s/ Richard K. Crumly
Issuer symbol: XPEL
Transactions as of: 14 Mar 2025
Net transactions value: $0
Form type: 4
Filing time: 17 Mar 2025, 16:10:26 UTC
Previous filing: 16 Dec 2024
Next filing: 17 Jun 2025
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		+530	+20%		3,208	14 Mar 2025	Direct	F1
holding	XPEL	Common Stock						316,912	14 Mar 2025	See Footnotes	F2, F3
holding	XPEL	Common Stock						1,076,743	14 Mar 2025	See Footnotes	F3, F4
holding	XPEL	Common Stock						15,500	14 Mar 2025	See Footnotes	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	-530	-50%	$0.000000	530	14 Mar 2025	Common Stock	530		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 June 14, 2024 pursuant to the XPEL 2020 Equity Incentive Plan approved by the Board of Directors and stockholders and vest as follows: One-fourth vests on December 14, 2024 with the remaining shares vesting in equal quarterly installments over a one year period with a final vesting date of June 14, 2025, provided the reporting person remains in service to the Company.