Brooks Meltzer - Jul 15, 2021 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role: VP, General Counsel, Secretary
Signature: /s/ Brooks Meltzer
Stock symbol: XPEL
Transactions as of: Jul 15, 2021
Transactions value $: -$4,985
Form type: 4
Date filed: 8/16/2022, 04:31 PM
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		+371	+27.48%		1.72K	Jul 15, 2022	Direct	F1
transaction	XPEL	Common Stock	Tax liability	-$4.99K	-90	-5.23%	$55.39	1.63K	Jul 15, 2022	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	Award	$0	+1.49K		$0.00	1.49K	Jul 15, 2021	Common Stock	1.49K		Direct	F1, F3
transaction	XPEL	Restricted Stock Units	Options Exercise	$0	-371	-24.98%	$0.00	1.11K	Jul 15, 2022	Common Stock	371		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 90 shares of common stock underlying the RSUs for payment of the tax withholdings, using the closing stock price on July 15, 2022 of $55.39, pursuant to the terms of the XPEL 2020 Equity Incentive Plan.
F3	On July 15, 2021, the Reporting Person was granted 1,485 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.