Ryan Pape - 01 Mar 2026 Form 4 Insider Report for XPEL, Inc. (XPEL)

Role: President and CEO, Director
Signature: /s/ Barry R. Wood, XPEL Senior Vice President/CFO (Attorney-in-Fact)
Issuer symbol: XPEL
Transactions as of: 01 Mar 2026
Net transactions value: -$99,688
Form type: 4
Filing time: 03 Mar 2026, 17:36:33 UTC
Previous filing: 09 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Pape Ryan	President and CEO, Director	711 BROADWAY STREET, SUITE 320, SAN ANTONIO	/s/ Barry R. Wood, XPEL Senior Vice President/CFO (Attorney-in-Fact)	03 Mar 2026	0001783948

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XPEL	Common Stock	Options Exercise		+9,174	+0.85%		1,086,115	01 Mar 2026	Direct	F1
transaction	XPEL	Common Stock	Tax liability	$99,688	-2,339	-0.22%	$42.62	1,083,776	01 Mar 2026	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	XPEL	Restricted Stock Units	Options Exercise	$0	-3,566	-33%	$0.000000	7,132	01 Mar 2026	Common Stock	3,566		Direct	F1, F2
transaction	XPEL	Restricted Stock Units	Options Exercise	$0	-5,608	-25%	$0.000000	16,826	01 Mar 2026	Common Stock	5,608		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.
F2	On March 1, 2024, the Reporting Person was granted 14,264 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.
F3	On March 1, 2025, the Reporting Person was granted 22,434 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.