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Filing Details

Accession Number:: 0001783794-23-000074
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-06-02 17:32:42
Reporting Period:: 2023-05-24

Accepted Time:: 2023-06-02 17:32:42
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1767258	Xpel Inc.	XPEL	Coating, Engraving & Allied Services (3470)	201117381

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1783794	K. Richard Crumly	Po Box 460633 San Antonio TX 78246-0633		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2023-06-01	498	$0.00	498	No	4	M	Direct
Common Stock	Disposition	2023-06-01	10,000	$70.04	398,668	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Indirect	See Footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Acquisiton	2023-05-24	1,120	$0.00	1,120	$0.00
Common Stock	Restricted Stock Units	Disposition	2023-06-01	498	$0.00	498	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,618			No	4	A	Direct
1,120			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,076,743	Indirect	See Footnotes
Common Stock	15,500	Indirect	See Footnote

Footnotes

Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 26, 2022 by the Reporting Person.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.01 to $70.12, 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 (3) to this Form 4.
Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that Mr. Crumly is or was, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities in excess of his pecuniary interests.
Represents securities held by CARPE, LLC, of which Mr. Crumly is a control person.
Represents securities held by ADAMAS, LLC, of which Mr. Crumly is a control person.
Represents securities held by Mr. Crumly's spouse. Mr. Crumly disclaims beneficial ownership of such securities.
On May 24, 2023, the Reporting Person was granted 1,120 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.
On March 3, 2023, the Reporting Person was granted 498 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.