Klonne Mike 4

What Happened

• Mike Klonne, a director of XPEL, converted 532 restricted stock units (RSUs) into 532 shares on June 16, 2026. The filing shows the derivative conversion (transaction code M) with no exercise price reported ($0.00), so no cash payment was required. This is a vesting/conversion of an award rather than an open-market purchase or sale.

Key Details

• Transaction date: June 16, 2026; Form 4 filed June 18, 2026 (timely).
• Reported entries: 532 shares acquired via conversion (derivative) and 532 shares listed as disposed at $0.00 (derivative) in the filing format.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Relevant footnotes:
  • F1: Each RSU converts into one share of XPEL common stock.
  • F2: These RSUs were granted June 16, 2025 and were scheduled to vest in quarterly installments with final vesting on June 16, 2026.
• No separate tax-withholding or open-market sale is reported in the provided data.

Context

• RSU conversions at vesting are common and do not necessarily signal a buy or sell intent; they simply convert an award into common stock. Transaction code M indicates a derivative exercise/conversion. While RSU vesting often triggers tax withholding (sometimes accomplished by withholding or selling shares), this specific filing does not show a separate withholding or sale transaction.