Mike Klonne - May 24, 2023 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role
Director
Signature
/s/ Babatunde Awodiran, XPEL General Counsel (Attorney-in-Fact)
Stock symbol
XPEL
Transactions as of
May 24, 2023
Transactions value $
$80,002
Form type
4
Date filed
6/1/2023, 06:05 PM
Previous filing
May 22, 2023
Next filing
Aug 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XPEL Common Stock Options Exercise $33.3K +498 $66.95 498 Jun 1, 2023 Direct F1
holding XPEL Common Stock 53.4K May 24, 2023 by: Michael A. Klonne Living Trust

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 Award $80K +1.12K +224.9% $71.43 1.62K May 24, 2023 Common Stock 1.12K Direct F1, F2
transaction XPEL Restricted Stock Units Options Exercise -$33.3K -498 -30.78% $66.95 1.12K Jun 1, 2023 Common Stock 498 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 On May 24, 2023, the Reporting Person was granted 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, these RSUs will vest in quarterly installments over a one year period with a final vesting date of May 24, 2024.
F3 On March 3, 2023, the Reporting Person was granted RSUs pursuant to the XPEL 2020 Equity Incentive Plan which was approved by the Board of Directors and stockholders. These RSUs vested on June 1, 2023.