XPEL Director John F. North Converts 441 RSUs; Shares Withheld

What Happened

John F. North, a director of XPEL, had 441 restricted stock units (RSUs convert into common shares) vest and convert into 441 shares on September 10, 2026. The filing shows 441 shares acquired via conversion (price N/A) and 441 shares disposed at $0.00 for total proceeds of $0.00 — consistent with shares being transferred to satisfy tax withholding rather than an open‑market sale.

Key Details

• Transaction date: 2026-09-10 (Period of Report), Form filed 2026-09-11 (timely).
• Transaction type/code: Exercise/conversion of derivative (code M) — RSUs converting to common stock.
• Shares converted: 441; Shares disposed: 441 at $0.00; reported proceeds $0.
• Purchase/sale value: Acquisition price listed as N/A; disposal price $0.00 (no cash proceeds).
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1 explains each RSU equals one share upon conversion. F2 notes the RSUs were from a June 10, 2026 grant of 1,765 RSUs that vest quarterly through June 10, 2027 (441 is one quarterly installment).

Context

This was a vesting/conversion of RSUs, not an open‑market purchase or investment sale. The $0.00 disposition is typical when shares are withheld or transferred to cover tax obligations upon vesting. The filing appears timely (filed the next day).