Mark Adams - 24 May 2023 Form 4 Insider Report for XPEL, Inc. (XPEL)

Reporting relationship: Director
Issuer ticker: XPEL
Reported as of: 24 May 2023
Net transaction value: -$1,525,084
SEC form: 4
Accepted by SEC: 01 Jun 2023, 18:02:33 UTC
Prior SEC filing: 24 May 2023
Next SEC filing: 28 Jun 2023
Source filing: View source filing
Reporting owner signature: /s/ Babatunde Awodiran, XPEL General Counsel (Attorney-in-Fact)

Key filing fact

Mark Adams filed Form 4 for XPEL, Inc. (XPEL) on 01 Jun 2023.

Key facts

This page summarizes Mark Adams's Form 4 filing for XPEL, Inc. (XPEL).
5 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 01 Jun 2023, 18:02.

Change

Previous filing in this sequence was filed on 24 May 2023.
Current net transaction value: -$1,525,084.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

XPEL transaction

Common Stock

Sale

Transaction value: $1,828
Shares: -26
Change %: -0%
Price: $70.30
Shares after: 2,175,945
Date: 30 May 2023
Ownership: Direct

XPEL transaction

Common Stock

Sale

Transaction value: $1,603,258
Shares: -23,202
Change %: -1.1%
Price: $69.10
Shares after: 2,152,743
Date: 31 May 2023
Ownership: Direct
Footnotes: F1

XPEL transaction

Common Stock

Options Exercise

Transaction value: $33,341
Shares: +498
Change %: +0.02%
Price: $66.95
Shares after: 2,153,241
Date: 01 Jun 2023
Ownership: Direct
Footnotes: F2

XPEL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,010
Date: 24 May 2023
Ownership: by Austin Adams (son)
Footnotes: F3

XPEL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 26,500
Date: 24 May 2023
Ownership: by spouse IRA
Footnotes: F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

XPEL transaction Derivative

Restricted Stock Units

Award

Transaction value: $80,002
Shares: +1,120
Change %: +225%
Price: $71.43
Shares after: 1,618
Date: 24 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,120
Exercise price
Footnotes: F2, F5

XPEL transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $33,341
Shares: -498
Change %: -31%
Price: $66.95
Shares after: 1,120
Date: 01 Jun 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 498
Exercise price
Footnotes: F2, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.10 to $61.13, 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 (1) to this Form 4.

Footnote F2

Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

Footnote F3

Mr. Adams has a power of attorney granting him voting and dispositive power over the shares set forth above.

Footnote F4

Mr. Adams has voting and dispositive power over the shares set forth above.

Footnote F5

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.

Footnote F6

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.