Barry Wood - Jul 15, 2023 Form 4 Insider Report for XPEL, Inc. (XPEL)

Signature
/s/ Babatunde Awodiran, XPEL General Counsel (Attorney-in-Fact)
Stock symbol
XPEL
Transactions as of
Jul 15, 2023
Transactions value $
-$14,929
Form type
4
Date filed
7/17/2023, 04:29 PM
Previous filing
Jun 20, 2023
Next filing
Aug 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XPEL Common Stock Options Exercise +742 +2.97% 25.7K Jul 15, 2023 Direct F1
transaction XPEL Common Stock Tax liability -$14.9K -180 -0.7% $82.94 25.6K Jul 15, 2023 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 Options Exercise $0 -742 -11.23% $0.00 5.86K Jul 15, 2023 Common Stock 742 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 180 shares of common stock underlying the RSUs for payment of the tax withholdings, using the closing stock price on July 14, 2023 of $82.94, pursuant to the terms of the XPEL 2020 Equity Incentive Plan.
F3 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.