Ryan Pape - 15 Jul 2021 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role
President and CEO, Director
Signature
/s/ Ryan Pape
Issuer symbol
XPEL
Transactions as of
15 Jul 2021
Net transactions value
-$13,958
Form type
4
Filing time
16 Aug 2022, 16:32:55 UTC
Previous filing
16 Jul 2021
Next filing
23 Jul 2021
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 +1,039 +0.09% 1,170,641 15 Jul 2022 Direct F1
transaction XPEL Common Stock Tax liability $13,958 -252 -0.02% $55.39 1,170,389 15 Jul 2022 Direct F2

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 $0 +4,157 $0.000000 4,157 15 Jul 2021 Common Stock 4,157 Direct F1, F3
transaction XPEL Restricted Stock Units Options Exercise $0 -1,039 -25% $0.000000 3,118 15 Jul 2022 Common Stock 1,039 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 The Company withheld 252 shares of common stock underlying the RSUs for payment of the tax withholdings, using the closing stock price on July 15, 2022 of $55.39, pursuant to the terms of the XPEL 2020 Equity Incentive Plan.
F3 On July 15, 2021, the Reporting Person was granted 4,157 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.