Richard K. Crumly - May 1, 2023 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role
Director
Signature
/s/ Richard K. Crumly
Stock symbol
XPEL
Transactions as of
May 1, 2023
Transactions value $
-$1,095,928
Form type
4
Date filed
5/3/2023, 04:34 PM
Previous filing
May 1, 2023
Next filing
May 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XPEL Common Stock Sale -$730K -10K -2.03% $72.99 484K May 1, 2023 See Footnote F1, F2, F3, F4
transaction XPEL Common Stock Sale -$366K -5.2K -1.07% $70.39 479K May 2, 2023 See Footnote F1, F3, F4, F5
holding XPEL Common Stock 1.08M May 1, 2023 See Footnote F4, F6
holding XPEL Common Stock 15.5K May 1, 2023 See Footnotes F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 26, 2022 by the Reporting Person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.67 to $73.22, inclusive. The Reporting Person undertakes to provide to XPEL, Inc., any security holder of XPEL, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
F3 Represents securities held by CARPE, LLC, of which Mr. Crumly is a control person.
F4 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.63, inclusive. The Reporting Person undertakes to provide to XPEL, Inc., any security holder of XPEL, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (5) to this Form 4.
F6 Represents securities held by ADAMAS, LLC, of which Mr. Crumly is a control person.
F7 Represents securities held by Mr. Crumly's spouse. Mr. Crumly disclaims beneficial ownership of such securities.