Mark Adams - 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 $: -$1,525,084
Form type: 4
Date filed: 6/1/2023, 06:02 PM
Previous filing: May 24, 2023
Next filing: Jun 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XPEL	Common Stock	Sale	-$1.83K	-26	0%	$70.30	2.18M	May 30, 2023	Direct
transaction	XPEL	Common Stock	Sale	-$1.6M	-23.2K	-1.07%	$69.10	2.15M	May 31, 2023	Direct	F1
transaction	XPEL	Common Stock	Options Exercise	$33.3K	+498	+0.02%	$66.95	2.15M	Jun 1, 2023	Direct	F2
holding	XPEL	Common Stock						8.01K	May 24, 2023	by Austin Adams (son)	F3
holding	XPEL	Common Stock						26.5K	May 24, 2023	by spouse IRA	F4

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	F2, F5
transaction	XPEL	Restricted Stock Units	Options Exercise	-$33.3K	-498	-30.78%	$66.95	1.12K	Jun 1, 2023	Common Stock	498		Direct	F2, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.
F2	Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.
F3	Mr. Adams has a power of attorney granting him voting and dispositive power over the shares set forth above.
F4	Mr. Adams has voting and dispositive power over the shares set forth above.
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.
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.