Klonne Mike 4

What Happened
Mike Klonne, a director of XPEL, had restricted stock units (RSUs) convert into common shares on three vesting dates. The filing shows 532 shares converted on each of 2025-09-16, 2025-12-16 and 2026-03-16 — a total of 1,596 shares acquired via derivative conversion. The filing also shows 1,596 shares reported as disposed at $0 (derivative). No cash proceeds are reported for the disposals.

Key Details

• Transaction dates and amounts:
  • 2025-09-16: 532 RSUs converted to 532 shares (acquired); 532 shares disposed at $0 (derivative).
  • 2025-12-16: 532 RSUs converted to 532 shares (acquired); 532 shares disposed at $0 (derivative).
  • 2026-03-16: 532 RSUs converted to 532 shares (acquired); 532 shares disposed at $0 (derivative).
• Total: 1,596 shares acquired via conversion and 1,596 shares disposed at $0.
• Price reported: Acquisitions listed as N/A; disposals reported at $0. No cash received is shown.
• Footnotes: RSUs granted June 16, 2025 under XPEL’s 2020 Equity Incentive Plan; they vest quarterly over one year with final vesting on June 16, 2026.
• Shares owned after the transactions: Not disclosed in the provided excerpt of the Form 4.
• Filing timing: Form 4 was filed 2026-03-18 and includes conversions from 2025-09-16 and 2025-12-16, which are reported months after those transactions.

Context
These entries reflect RSU vesting/conversion (derivative exercise). The matching disposals at $0 typically mean no cash proceeds were received and often correspond to shares withheld by the company or broker to satisfy taxes or other obligations; the filing itself does not provide additional detail on the reason for the $0 disposals. Such routine tax-withholding or net-share settlement actions are common and do not necessarily indicate a trading signal.