Ryan Pape - Sep 7, 2023 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role: President and CEO, Director
Signature: /s/ Babatunde Awodiran, XPEL General Counsel (Attorney-in-Fact)
Stock symbol: XPEL
Transactions as of: Sep 7, 2023
Transactions value $: -$50,956
Form type: 4
Date filed: 9/8/2023, 05:03 PM
Previous filing: Sep 7, 2023
Next filing: Sep 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XPEL	Common Stock	Options Exercise		+2.74K	+0.24%		1.12M	Sep 7, 2023	Direct	F1
transaction	XPEL	Common Stock	Tax liability	-$51K	-666	-0.06%	$76.51	1.12M	Sep 7, 2023	Direct

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	-2.74K	-19.45%	$0.00	11.3K	Sep 7, 2023	Common Stock	2.74K		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 September 7, 2022, the Reporting Person was granted 10,947 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 annual installments beginning on the first anniversary of the grant.