| | | | | | | | | | | | | | | | | | | | | | |
Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 11/23/22 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1767258 |
| Issuer Name: XPEL, Inc. |
| Issuer Trading Symbol: XPEL |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1783794 |
| | Owner Name: Crumly Richard K. |
| Reporting Owner Address: |
| | Owner Street 1: PO BOX 460633 |
| | Owner Street 2: |
| | Owner City: SAN ANTONIO |
| | Owner State: TX |
| | Owner ZIP Code: 78246-0633 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? No |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: |
| | Other Text: |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 11/23/22 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 1,300 |
| | | Transaction Price Per Share: |
| Value: 70.04 |
| Footnote ID: F2 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 817,656 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See Footnote |
| Footnote ID: F3 |
| Footnote ID: F4 |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,076,743 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See Footnote |
| Footnote ID: F4 |
| Footnote ID: F5 |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 15,500 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See Footnotes |
| Footnote ID: F4 |
| Footnote ID: F6 |
| Derivative Table: |
| Footnotes: |
| Footnote - F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. |
| Footnote - F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.04 to $70.08, inclusive. The Reporting Person undertakes to provide to XPEL, Inc., any security holder of XPEL, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4. |
| Footnote - F3: Represents securities held by CARPE, LLC, of which Mr. Crumly is a control person. |
| Footnote - F4: Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that Mr. Crumly is or was, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities in excess of his pecuniary interests. |
| Footnote - F5: Represents securities held by ADAMAS, LLC, of which Mr. Crumly is a control person. |
| Footnote - F6: Represents securities held by Mr. Crumly's spouse. Mr. Crumly disclaims beneficial ownership of such securities. |
| Remarks: |
| Owner Signature: |
| Signature Name: /s/ Richard K. Crumly |
| Signature Date: 11/24/22 |
