XPEL director Mike Klonne converts grant to 441 shares

Q: How many XPEL shares did director Mike Klonne receive from RSUs?

Mike Klonne received 441 shares of common stock through the conversion of 441 restricted stock units on October 5, 2026.

Q: When do Mike Klonne's XPEL restricted stock units vest?

The 1,765 RSUs granted to Mike Klonne on June 10, 2026 vest in quarterly installments over a one-year period, with a final vesting date of June 10, 2027, provided he remains in continuous service.

The report lists 1,324 remaining restricted stock units and 45,008 shares held indirectly by the Michael A. Klonne Living Trust.

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Rhea-AI Filing Summary

XPEL, Inc. director Mike Klonne reported converting 441 restricted stock units into 441 shares of common stock on October 5, 2026. After the transaction, he held 1,324 restricted stock units and 4,689 shares of common stock directly. The report separately lists 45,008 shares held indirectly by the Michael A. Klonne Living Trust. The 1,765 RSUs granted to him on 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.

Insider Trade Summary

441 shares exercised/converted

Exercise 3 txns

Insider Klonne Mike

Role Director

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

Holdings After Transaction: Restricted Stock Units — 1,324 contracts (Direct); Common Stock — 4,689 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 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

Restricted stock units converted: 441 restricted stock units Common shares received: 441 shares Restricted stock units held after transaction: 1,324 restricted stock units +3 more

6 metrics

Restricted stock units converted 441 restricted stock units October 5, 2026

Common shares received 441 shares October 5, 2026

Restricted stock units held after transaction 1,324 restricted stock units Reported after the October 5, 2026 transaction

Direct common stock holdings 4,689 shares Reported after the October 5, 2026 transaction

Common stock held by Michael A. Klonne Living Trust 45,008 shares Indirect holdings reported October 5, 2026

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

Key Terms

Restricted Stock Units, XPEL 2020 Equity Incentive Plan, continuous service

3 terms

Restricted Stock Units financial

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

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

"pursuant to the XPEL 2020 Equity Incentive Plan"

continuous service financial

"Provided the reporting person remains in continuous service"

FAQ

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

How many XPEL shares did director Mike Klonne receive from RSUs?

Mike Klonne received 441 shares of common stock through the conversion of 441 restricted stock units on October 5, 2026.

When do Mike Klonne's XPEL restricted stock units vest?

The 1,765 RSUs granted to Mike Klonne on June 10, 2026 vest in quarterly installments over a one-year period, with a final vesting date of June 10, 2027, provided he remains in continuous service.

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

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)
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)
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	10/05/2026		M		441	A	⁽¹⁾	4,689	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⁾	10/05/2026		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)	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)

Source: View Original Filing on SEC EDGAR