XPEL: director Richard K. Crumly exercised 441 shares

What happened

• Richard K. Crumly, a director, exercised or converted a derivative into 441 shares on Oct 5, 2026. The filing also reports a contemporaneous disposition of 441 shares at a price of $0.00.

Key details

• Transaction date: Oct 5, 2026; price reported for the disposition: $0.00. The acquisition price is listed as N/A for the exercise/conversion.
• Shares owned after the transaction: not reported in the provided Form 4 excerpt.
• Relevant footnotes from the filing:
  • F1: each restricted stock unit (RSU) represents a contingent right to receive one share of XPEL common stock.
  • F6: on Jun 10, 2026 the reporting person was granted 1,765 RSUs that vest quarterly over one year, with a final vesting date of Jun 10, 2027 (441-share installment aligns with a quarterly vesting).
  • F2, F3, F4, F5: ownership and control disclosures (disclaimer of beneficial ownership, and holdings through CARPE, LLC; ADAMAS, LLC; and spouse) are noted in the filing.
• Filing date: filed on Oct 5, 2026 reporting transactions on Oct 5, 2026 (timeliness not otherwise flagged in the excerpt).

Why it may matter

• The filing shows an exercise/conversion of a derivative and a simultaneous disposition of the same number of shares at $0.00, which indicates the shares were not sold for cash in a market trade.
• This is a derivative vest/conversion event tied to RSUs granted on Jun 10, 2026 that vest quarterly.
• A filing does not show why the insider traded or why the company acted.