XPEL director Crumly converts grant into 441 shares

After the transaction, the reported direct position includes 1,324 restricted stock units and 6,307 common shares.

Rhea-AI Filing Summary

XPEL, Inc. director Richard K. Crumly reported the conversion of 441 restricted stock units into 441 shares of common stock on October 5, 2026. Each RSU represents a contingent right to receive one common share. After the transaction, his reported direct holdings were 1,324 RSUs and 6,307 common shares.

Insider Trade Summary

441 shares exercised/converted

Exercise 5 txns

Insider Crumly Richard K.

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F1, F6	441	$0.00	$0.00
Exercise	Common Stock F1	441	--	--
holding	Common Stock F2, F3	--	--	--
holding	Common Stock F2, F4	--	--	--
holding	Common Stock F5	--	--	--

Holdings After Transaction: Restricted Stock Units — 1,324 contracts (Direct); Common Stock — 6,307 shares (Direct); Common Stock — 1,409,155 shares (Indirect, See Footnotes)

Footnotes (6)

1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.
2. F2. 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.
3. F3. Represents securities held by CARPE, LLC, of which Mr. Crumly is a control person.
4. F4. Represents securities held by ADAMAS, LLC, of which Mr. Crumly is a control person.
5. F5. Represents securities held by Mr. Crumly's spouse. Mr. Crumly disclaims beneficial ownership of such securities.
6. F6. On June 10, 2026, the Reporting Person was granted 1,765 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 10, 2027.

Key Figures

RSUs converted: 441 restricted stock units Common shares acquired: 441 shares RSUs after transaction: 1,324 restricted stock units +2 more

5 metrics

RSUs converted 441 restricted stock units October 5, 2026

Common shares acquired 441 shares October 5, 2026

RSUs after transaction 1,324 restricted stock units Direct holdings reported after the October 5, 2026 transaction

Common shares after transaction 6,307 shares Direct holdings reported after the October 5, 2026 transaction

RSUs granted 1,765 restricted stock units Granted June 10, 2026

Key Terms

Restricted Stock Units, contingent right, continuous service, quarterly installments

4 terms

Restricted Stock Units technical

"Each restricted stock unit ("RSU") represents a contingent right"

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.

contingent right technical

"represents a contingent right to receive one share"

continuous service technical

"remains in continuous service"

quarterly installments technical

"vest in quarterly installments over a one-year period"

FAQ

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

When do Richard K. Crumly's XPEL RSUs vest?

The 1,765 RSUs granted June 10, 2026 vest in quarterly installments over a one-year period, provided he remains in continuous service; the final vesting date is June 10, 2027.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/05/2026 - 06:24 PM Accepted by SEC EDGAR 10/05/2026 - 06:24 PM Learn about SEC filing dates

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^*

Crumly Richard K.

(Last) (First) (Middle)

PO BOX 460633

(Street)

SAN ANTONIO TEXAS 78246-0633

(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)
10/05/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/05/2026		M		441	A	(1)	6,307	D
Common Stock								316,912	I	See Footnotes(2)(3)
Common Stock								1,076,743	I	See Footnotes(2)(4)
Common Stock								15,500	I	See Footnotes(5)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	10/05/2026		M			441	(6)	(6)	Common Stock	441	$0	1,324	D

Explanation of Responses:

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

2. 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.

3. Represents securities held by CARPE, LLC, of which Mr. Crumly is a control person.

4. Represents securities held by ADAMAS, LLC, of which Mr. Crumly is a control person.

5. Represents securities held by Mr. Crumly's spouse. Mr. Crumly disclaims beneficial ownership of such securities.

6. On June 10, 2026, the Reporting Person was granted 1,765 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 10, 2027.

Remarks:

	/s/ Barry R. Wood, XPEL Senior Vice President/CFO (Attorney-in-Fact)	10/05/2026
	** 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)