XPEL (XPEL) director exercises RSUs, reports indirect holdings via LLCs
Rhea-AI Filing Summary
XPEL, Inc. director Richard K. Crumly reported routine equity compensation activity involving restricted stock units (RSUs). On June 16, 2026, he exercised RSUs into 532 shares of XPEL common stock at an exercise price of $0.00 per share, increasing his direct holdings to 5,866 common shares.
The filing also lists several indirect positions. These include 1,076,743 shares held by CARPE, LLC and 316,912 shares held by ADAMAS, LLC, entities where Mr. Crumly is described as a control person, and 15,500 shares held by his spouse, which he disclaims beneficial ownership of. A footnote states that the filing should not be deemed an admission that he is the beneficial owner of equity securities beyond his pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 532 shares
Net Buy
5 txns
Insider
Crumly Richard K.
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 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 5,866 shares (Direct);
Common Stock — 1,409,155 shares (Indirect, See Footnotes)
Footnotes (6)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.
- 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.
- F3. Represents securities held by CARPE, LLC, of which Mr. Crumly is a control person.
- F4. Represents securities held by ADAMAS, LLC, of which Mr. Crumly is a control person.
- F5. Represents securities held by Mr. Crumly's spouse. Mr. Crumly disclaims beneficial ownership of such securities.
- F6. 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
Direct common shares after transaction: 5,866 shares
CARPE, LLC holdings: 1,076,743 shares
+3 more
6 metrics
RSUs exercised
532 units
Restricted Stock Units converted to common stock on June 16, 2026
Direct common shares after transaction
5,866 shares
Direct XPEL common stock holdings following RSU exercise
CARPE, LLC holdings
1,076,743 shares
XPEL common stock held indirectly through CARPE, LLC
ADAMAS, LLC holdings
316,912 shares
XPEL common stock held indirectly through ADAMAS, LLC
Spouse’s holdings
15,500 shares
XPEL common stock held by spouse; beneficial ownership disclaimed
RSU exercise price
$0.00 per share
Conversion price for 532 RSUs into XPEL common stock
Key Terms
Restricted Stock Units, Rule 16a-1(a)(4), pecuniary interests, XPEL 2020 Equity Incentive Plan, +1 more
5 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.
Rule 16a-1(a)(4) regulatory
"Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended..."
pecuniary interests financial
"...beneficial owner of any equity securities in excess of his pecuniary interests."
XPEL 2020 Equity Incentive Plan financial
"On June 16, 2025, the Reporting Person was granted RSUs pursuant to the XPEL 2020 Equity Incentive Plan..."
continuous service financial
"Provided the reporting person remains in continuous service, these RSUs will vest in quarterly installments..."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Richard K. Crumly report at XPEL (XPEL)?
Richard K. Crumly reported exercising restricted stock units into 532 shares of XPEL common stock. This derivative exercise increased his directly held common shares to 5,866 and reflects routine equity compensation rather than an open-market purchase or sale.
How were the restricted stock units for XPEL structured for Richard K. Crumly?
Each restricted stock unit represents a contingent right to receive one XPEL common share. The RSUs were granted under the XPEL 2020 Equity Incentive Plan and convert into common stock upon vesting, as reflected by the 532 units exercised at an exercise price of $0.00.
What equity incentive plan governs Richard K. Crumly’s XPEL RSUs?
His restricted stock units were granted under the XPEL 2020 Equity Incentive Plan, which was approved by the board and stockholders. A footnote explains that, assuming continuous service, RSUs granted on June 16, 2025 vest quarterly through June 16, 2026.