XPEL director converts 441 RSUs into stock

XPEL director John F. North reported RSU vesting that increased his direct common share holdings while reducing his unvested RSUs.

Rhea-AI Filing Summary

XPEL, Inc. director John F. North reported the vesting and conversion of 441 Restricted Stock Units into 441 shares of common stock on September 10, 2026. After these transactions, he holds 1,324 RSUs and 10,716 common shares directly. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

441 shares exercised/converted

Exercise 2 txns

Insider North John F

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F1, F2	441	$0.00	$0.00
Exercise	Common Stock F1	441	--	--

Holdings After Transaction: Restricted Stock Units — 1,324 contracts (Direct); Common Stock — 10,716 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.
2. F2. 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 RSUs Common shares acquired from RSUs: 441 shares RSUs held after transaction: 1,324 RSUs +3 more

6 metrics

RSUs converted 441 RSUs Exercised or converted into common stock on September 10, 2026

Common shares acquired from RSUs 441 shares Common stock received upon RSU conversion on September 10, 2026

RSUs held after transaction 1,324 RSUs Director’s remaining Restricted Stock Units following the reported conversion

Common shares held after transaction 10,716 shares Director’s direct XPEL common stock holdings after the Form 4 transactions

RSU grant size 1,765 RSUs Grant made on June 10, 2026 under the XPEL 2020 Equity Incentive Plan

RSU vesting period 1 year RSUs vest quarterly with final vesting date of June 10, 2027, subject to continuous service

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"

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

"granted 1,765 RSUs pursuant to the XPEL 2020 Equity Incentive Plan"

continuous service financial

"Provided the reporting person remains in continuous service, these RSUs"

vest in quarterly installments financial

"these RSUs will vest in quarterly installments over a one-year period"

FAQ

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

What did XPEL (XPEL) director John F. North report on this Form 4?

He reported the vesting and conversion of 441 Restricted Stock Units into 441 shares of XPEL common stock on September 10, 2026, updating his direct holdings in both RSUs and common shares.

How many XPEL shares does John F. North hold after the September 10, 2026 transactions?

After the reported transactions, John F. North directly holds 10,716 shares of XPEL common stock and 1,324 Restricted Stock Units, as disclosed in the Form 4.

What RSU activity did the XPEL (XPEL) Form 4 disclose?

The filing discloses that 441 RSUs were exercised or converted into 441 shares of common stock on September 10, 2026, reducing the RSU balance and increasing common share ownership for the director.

Were the XPEL (XPEL) transactions made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that no Rule 10b5-1 trading plan is associated with the reported transactions, meaning they were not affirmed as pre-arranged under such a plan.

What is the size and vesting schedule of John F. North’s XPEL RSU grant?

He was granted 1,765 RSUs on June 10, 2026 under the XPEL 2020 Equity Incentive Plan. These RSUs vest in quarterly installments over one year, subject to continuous service, with a final vesting date of June 10, 2027.

What does each XPEL RSU reported on this Form 4 represent?

Each Restricted Stock Unit reported represents a contingent right to receive one share of XPEL common stock, according to the disclosure accompanying the Form 4.

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

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Available on EDGAR 09/11/2026 - 05:14 PM Accepted by SEC EDGAR 09/11/2026 - 05:14 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^*

North John F

(Last) (First) (Middle)

711 BROADWAY ST

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)
09/10/2026

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	09/10/2026		M		441	A	(1)	10,716	D

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)	09/10/2026		M			441	(2)	(2)	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. 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)	09/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)