Crumly Richard K. 4

What Happened

• Richard K. Crumly, a director of XPEL, had 532 restricted stock units (RSUs) vest and convert into 532 shares on June 16, 2026 (reported on Form 4 filed 2026-06-18). The filing shows an acquisition via conversion (derivative code M) of 532 shares and a simultaneous disposition of 532 shares at $0.00, resulting in no cash proceeds to the reporting person.

Key Details

• Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (filed within the standard 2-business-day window).
• Shares converted: 532 RSUs → 532 common shares.
• Disposal price shown: $0.00 (disposition of the same 532 shares).
• Shares owned after the transaction: not specified in the excerpt provided.
• Relevant footnotes: F1 confirms each RSU converts to one share; F6 notes these RSUs were granted 6/16/2025 and vested in installments with final vesting on 6/16/2026. F2–F5 relate to beneficial ownership disclaimers and holdings through affiliated entities/spouse.
• Transaction code M indicates exercise/conversion of a derivative; the $0 disposition is consistent with shares withheld/redirected (e.g., for tax withholding), not a market sale.

Context

• This appears to be routine RSU vesting and conversion at the scheduled final vesting date; the simultaneous $0.00 disposition likely reflects shares withheld or transferred to satisfy tax obligations rather than an open-market sale. Such vesting-related conversions are common and do not necessarily signal a change in insider sentiment.