XPEL (XPEL) Director John F. North Receives 532 Shares via RSU Vest

What Happened

• John F. North, a director of XPEL, had restricted stock units (RSUs) convert to 532 shares on June 16, 2026 (reported on a Form 4 filed 2026-06-18). The filing shows 532 shares were acquired through the derivative conversion and 532 shares were simultaneously disposed at $0.00.
• The filing does not report a cash value for these transactions. The acquisition reflects RSU vesting rather than an open-market purchase; the simultaneous disposition is reported at $0.00 and is consistent with shares being surrendered in connection with vesting (commonly for tax withholding).

Key Details

• Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (timely filing).
• Transaction codes: M (exercise/conversion of derivative). Acquired 532 shares; disposed 532 shares at $0.00.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 — each RSU equals a contingent right to one share; F2 — RSUs were granted 6/16/2025 under the 2020 Equity Incentive Plan and vested quarterly with final vesting on 6/16/2026.
• No 10b5-1 plan, gift, or other special plan noted.

Context

• This is compensation-related vesting of RSUs (routine corporate equity compensation), not an open-market buy or sell. Such vesting events are common and do not by themselves indicate the insider’s market view; purchases typically carry more informational weight for investors.