XPEL, Inc. — Director's Dealing 2023

Jun 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XPEL, Inc. (XPEL)
CIK: 0001767258
Period of Report: 2023-05-24

Reporting Person: Adams Mark (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-30	Common Stock	S	26	$70.30	Disposed	2175945	Direct
2023-05-31	Common Stock	S	23202	$69.10	Disposed	2152743	Direct
2023-06-01	Common Stock	M	498	$66.95	Acquired	2153241	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-24	Restricted Stock Units	$	A	1120	Acquired		Common Stock (1120)	Direct
2023-06-01	Restricted Stock Units	$	M	498	Disposed		Common Stock (498)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8010	Indirect
Common Stock	26500	Indirect

Footnotes

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.