XPEL, Inc. — Director's Dealing 2023

Jul 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XPEL, Inc. (XPEL)
CIK: 0001767258
Period of Report: 2023-07-15

Reporting Person: Pape Ryan (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-15	Common Stock	M	1039	—	Acquired	1145428	Direct
2023-07-15	Common Stock	F	252	$82.94	Disposed	1145176	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-15	Restricted Stock Units	$	M	1039	Disposed		Common Stock (1039)	Direct

Footnotes

F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F2: The Company withheld 252 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 4,157 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.