XPEL Director Mark Thornton Forfeits 1,765 RSUs

What Happened
Mark Andrew Thornton, a director of XPEL, Inc. (XPEL), forfeited 1,765 restricted stock units (RSUs) on July 30, 2026. The RSUs were cancelled for no consideration (price $0.00) as a result of his resignation from the Board effective that date. No common shares were issued and Thornton received no cash or other proceeds from this transaction.

Key Details

• Transaction date: 2026-07-30 (reported on Form 4 filed 2026-07-31).
• Transaction type/code: Other disposition (derivative) — forfeiture of unvested RSUs (code J entry).
• Quantity: 1,765 RSUs forfeited; transaction reported at $0.00 (no proceeds).
• Vesting had been scheduled to begin Sept 10, 2026 (four equal quarterly installments of 441,441,441,442 units); none had vested.
• Shares owned after transaction: the 1,765 RSUs were cancelled in full; the filing notes no shares were issued in connection with this event.
• Footnotes: Forfeiture occurred because Thornton resigned from the Board; "date exercisable" and "expiration date" are not applicable since the award was cancelled before any vesting.
• Filing timeliness: Reported the day after the effective date (not indicated as late).

Context
This was not a market sale or purchase — it was a cancellation of unvested equity tied to board service. Forfeitures on resignation or termination are common under equity plans and do not necessarily indicate the insider's view of the company’s stock. For retail investors, purchases and open-market sales typically carry more informational weight than forfeitures caused by departure.