Mathieu Moreau - Jul 15, 2021 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role: Sr. VP of Sales and Products
Signature: /s/ Mathieu Moreau
Stock symbol: XPEL
Transactions as of: Jul 15, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/16/2022, 04:29 PM
Previous filing: Jun 9, 2021
Next filing: Sep 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XPEL	Common Stock	Options Exercise		+742	+1.86%		40.7K	Jul 15, 2022	Direct	F1
holding	XPEL	Common Stock						43	Jul 15, 2021	by 401(k) plan

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	+2.97K		$0.00	2.97K	Jul 15, 2021	Common Stock	2.97K		Direct	F1, F2
transaction	XPEL	Restricted Stock Units	Options Exercise	$0	-742	-24.99%	$0.00	2.23K	Jul 15, 2022	Common Stock	742		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 July 15, 2021, the Reporting Person was granted 2,969 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.