XPEL director exercises 532 RSUs into common stock

XPEL, Inc. director Mike Klonne reported routine equity compensation activity.

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Form Type

Rhea-AI Filing Summary

XPEL, Inc. director Mike Klonne reported routine equity compensation activity. On the reported date, 532 Restricted Stock Units converted into 532 shares of XPEL common stock at a stated price of $0.00 per share, reflecting the vesting of previously granted RSUs.

After this exercise, Klonne directly holds 4,248 shares of common stock. An additional 45,008 shares of common stock are held indirectly through the Michael A. Klonne Living Trust. The RSUs stem from a grant made on June 16, 2025 under the XPEL 2020 Equity Incentive Plan, which vests in quarterly installments through June 16, 2026.

Insider Trade Summary

532 shares exercised/converted

Exercise 3 txns

Insider Klonne Mike

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	532	$0.00	$0.00
Exercise	Common Stock	532	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 4,248 shares (Direct); Common Stock — 45,008 shares (Indirect, by: Michael A. Klonne Living Trust)

Footnotes (2)

F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.
F2. On June 16, 2025, 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 June 16, 2026.

Key Figures

RSUs exercised: 532 units Shares received from RSUs: 532 shares Direct holdings after transaction: 4,248 shares +3 more

6 metrics

RSUs exercised 532 units Restricted Stock Units converted into common stock

Shares received from RSUs 532 shares Common stock issued upon RSU conversion at $0.00

Direct holdings after transaction 4,248 shares Common stock directly owned following RSU conversion

Indirect trust holdings 45,008 shares Common stock held by Michael A. Klonne Living Trust

RSU grant date June 16, 2025 Grant under XPEL 2020 Equity Incentive Plan

RSU vesting end date June 16, 2026 Final vesting date, quarterly installments over one year

Key Terms

Restricted Stock Units, XPEL 2020 Equity Incentive Plan, continuous service, vest in quarterly installments

4 terms

Restricted Stock Units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

XPEL 2020 Equity Incentive Plan financial

"On June 16, 2025, the Reporting Person was granted RSUs pursuant to the XPEL 2020 Equity Incentive Plan which was approved by the Board of Directors and stockholders."

continuous service financial

"Provided the reporting person remains in continuous service, these RSUs will vest in quarterly installments over a one year period"

vest in quarterly installments financial

"these RSUs will vest in quarterly installments over a one year period with a final vesting date of June 16, 2026."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did XPEL (XPEL) director Mike Klonne report in this Form 4?

XPEL director Mike Klonne reported the vesting and conversion of 532 Restricted Stock Units into 532 shares of common stock. This reflects routine equity compensation rather than an open-market share purchase or sale.

How many XPEL (XPEL) shares does Mike Klonne hold after this transaction?

After the reported transactions, Mike Klonne holds 4,248 XPEL common shares directly. In addition, 45,008 XPEL common shares are held indirectly through the Michael A. Klonne Living Trust, as disclosed in the Form 4.

What are the terms of the RSUs reported by XPEL (XPEL) director Mike Klonne?

Each Restricted Stock Unit represents a contingent right to receive one XPEL common share. RSUs granted on June 16, 2025 vest in quarterly installments over one year, with a final vesting date of June 16, 2026, assuming continuous service.

Did XPEL (XPEL) director Mike Klonne buy or sell shares in the open market?

The Form 4 shows no open-market buys or sells by Mike Klonne. Instead, it reports the conversion of 532 Restricted Stock Units into common shares at a stated price of $0.00 per share as part of equity compensation.

What is the role of the Michael A. Klonne Living Trust in XPEL (XPEL) holdings?

The Michael A. Klonne Living Trust holds 45,008 XPEL common shares indirectly for the reporting person. This structure indicates indirect ownership, separate from the 4,248 XPEL shares reported as directly owned by Mike Klonne.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/18/2026 - 07:32 PM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Klonne Mike

(Last)

(First)

(Middle)

711 BROADWAY STREET

SUITE 320

(Street)

SAN ANTONIO

TEXAS

78215

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
XPEL, Inc. [ XPEL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/16/2026		M		532	A	⁽¹⁾	4,248	D
Common Stock								45,008	I	by: Michael A. Klonne Living Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	06/16/2026		M			532	⁽²⁾	⁽²⁾	Common Stock	532	$0	0	D

Explanation of Responses:

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

2. On June 16, 2025, 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 June 16, 2026.

Remarks:

	/s/ Barry R. Wood, XPEL Senior Vice President/CFO (Attorney-in-Fact)	06/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR