Pape Ryan 4

4 · XPEL, Inc. · Filed Mar 3, 2026

AI-generated summary of this filing

Updated Mar 3, 2026

XPEL CEO Ryan Pape Converts RSUs, Net Receives 6,835 Shares

What Happened

Ryan Pape, President, CEO and Director of XPEL (XPEL), had 9,174 restricted stock units (RSUs convert to common shares) vest and convert into shares on March 1, 2026. Of those, 2,339 shares were withheld to satisfy tax withholding at $42.62 per share, totaling $99,688. The net result was delivery of 6,835 shares to Pape (9,174 converted − 2,339 withheld).

Key Details

Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (appears timely).
Conversion: 9,174 RSUs converted into common shares (reported as exercise/conversion of derivative, Code M).
Tax withholding: 2,339 shares withheld (Code F) at $42.62/share = $99,688.
Reported derivative entries: 3,566 and 5,608-share tranches correspond to the 2024 and 2025 RSU grants (see footnotes).
Shares owned after transaction: Not stated in the filing.
Footnotes: F1 notes each RSU converts to one share; F2/F3 detail the March 1, 2024 and March 1, 2025 RSU grants and their four-year annual vesting schedule.

Context

These entries reflect RSU vesting and settlement rather than an open-market buy or voluntary sale. The withholding of shares to cover taxes is routine and does not necessarily indicate a change in insider sentiment. The filing shows a net increase in Pape’s holdings of 6,835 shares after tax withholding.

Form 4

Period: 2026-03-01

DirectorPresident and CEO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-01+9,174→ 1,086,115 total
Tax Payment
Common Stock
2026-03-01$42.62/sh−2,339$99,688→ 1,083,776 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-03-01−3,566→ 7,132 total
→ Common Stock (3,566 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-03-01−5,608→ 16,826 total
→ Common Stock (5,608 underlying)

Footnotes (3)

[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.

Signature

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

1 file