XPEL, Inc. (XPEL) CEO receives 15,676 restricted stock unit grant

Rhea-AI Filing Summary

Pape Ryan reported acquisition or exercise transactions in this Form 4 filing.

XPEL, Inc. reported that President and CEO Ryan Pape received a grant of 15,676 restricted stock units (RSUs) on March 9, 2026 under the XPEL 2020 Equity Incentive Plan. Each RSU represents a right to one share of common stock and will vest in four equal annual installments, starting on the first anniversary of the grant, as long as he remains in continuous service. Following this award, he directly holds 15,676 RSUs.

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

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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^*

Pape Ryan

(Last) (First) (Middle)

711 BROADWAY STREET

SUITE 320

(Street)

SAN ANTONIO TX 78215

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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

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

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

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

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)	03/09/2026		A		15,676		(2)	(2)	Common Stock	15,676	$0	15,676	D

Explanation of Responses:

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

2. On March 9, 2026, the Reporting Person was granted 15,676 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.

Remarks:

	/s/ Barry R. Wood, XPEL Senior Vice President/CFO (Attorney-in-Fact)	03/11/2026
	** 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.

FAQ

What insider transaction did XPEL (XPEL) report for Ryan Pape?

XPEL reported that President and CEO Ryan Pape received a grant of 15,676 restricted stock units. These RSUs are part of his equity compensation and give him a future claim to the same number of XPEL common shares.

How many restricted stock units were granted to XPEL CEO Ryan Pape?

Ryan Pape was granted 15,676 restricted stock units. This entire amount represents new equity awards tied to XPEL common stock, providing long-term incentive compensation aligned with the company’s performance and his continued service.

What does each XPEL restricted stock unit granted to Ryan Pape represent?

Each restricted stock unit represents a contingent right to receive one share of XPEL common stock. The units do not become actual shares until they vest according to the grant’s schedule and applicable plan conditions.

When do Ryan Pape’s 15,676 XPEL RSUs vest?

The 15,676 RSUs vest over four years, in equal annual installments. Vesting begins on the first anniversary of the March 9, 2026 grant date, provided Ryan Pape remains in continuous service with the company.

Under which plan were Ryan Pape’s XPEL RSUs granted?

The RSUs were granted under the XPEL 2020 Equity Incentive Plan. This plan was approved by the company’s Board of Directors and stockholders and is used to provide equity-based compensation to eligible participants.

Did Ryan Pape buy or sell any XPEL common shares in this Form 4?

The Form 4 shows an award of restricted stock units to Ryan Pape, not an open-market buy or sell. It records a compensation-related acquisition of 15,676 RSUs with no purchase price per share reported.