0001404341-23-000015.txt : 20230601 0001404341-23-000015.hdr.sgml : 20230601 20230601180233 ACCESSION NUMBER: 0001404341-23-000015 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230524 FILED AS OF DATE: 20230601 DATE AS OF CHANGE: 20230601 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Adams Mark CENTRAL INDEX KEY: 0001404341 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38858 FILM NUMBER: 23985983 MAIL ADDRESS: STREET 1: 12130 HIGHWAY 3 STREET 2: BUILDING 1 CITY: WEBSTER STATE: TX ZIP: 77598 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: XPEL, Inc. CENTRAL INDEX KEY: 0001767258 STANDARD INDUSTRIAL CLASSIFICATION: COATING, ENGRAVING & ALLIED SERVICES [3470] IRS NUMBER: 201117381 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 711 BROADWAY ST. STREET 2: SUITE 320 CITY: SAN ANTONIO STATE: TX ZIP: 78215 BUSINESS PHONE: 210-678-3700 MAIL ADDRESS: STREET 1: 711 BROADWAY ST. STREET 2: SUITE 320 CITY: SAN ANTONIO STATE: TX ZIP: 78215 4 1 wk-form4_1685656942.xml FORM 4 X0407 4 2023-05-24 0 0001767258 XPEL, Inc. XPEL 0001404341 Adams Mark 711 BROADWAY ST SUITE 320 SAN ANTONIO TX 78215 1 0 0 0 0 Common Stock 2023-05-30 4 S 0 26 70.30 D 2175945 D Common Stock 2023-05-31 4 S 0 23202 69.10 D 2152743 D Common Stock 2023-06-01 4 M 0 498 66.95 A 2153241 D Common Stock 8010 I by Austin Adams (son) Common Stock 26500 I by spouse IRA Restricted Stock Units 2023-05-24 4 A 0 1120 71.43 A Common Stock 1120 1618 D Restricted Stock Units 2023-06-01 4 M 0 498 66.95 D Common Stock 498 1120 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.10 to $61.13, 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 (1) to this Form 4. Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock. Mr. Adams has a power of attorney granting him voting and dispositive power over the shares set forth above. Mr. Adams has voting and dispositive power over the shares set forth above. On May 24, 2023, the Reporting Person was granted RSUs pursuant to the XPEL 2020 Equity Incentive Plan which was approved by the Board of Directors and stockholders. Provided the reporting person remains in continuous service, these RSUs will vest in quarterly installments over a one year period with a final vesting date of May 24, 2024. On March 3, 2023, the Reporting Person was granted RSUs pursuant to the XPEL 2020 Equity Incentive Plan which was approved by the Board of Directors and stockholders. These RSUs vested on June 1, 2023. /s/ Babatunde Awodiran, XPEL General Counsel (Attorney-in-Fact) 2023-06-01 EX-24 2 mapoa-cs.htm EX-24 Document

POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby constitutes and appoints each of the Chief Financial Officer or General Counsel of XPEL, Inc. (the “Company”), signing singly, the undersigned’s true and lawful attorney-in-fact to:
(1)    execute for and on behalf of the undersigned, in the undersigned’s capacity as an officer and/or director of the Company, Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended (the “Act”), and the rules thereunder, and any other forms or reports the undersigned may be required to file in connection with the undersigned’s ownership, acquisition, or disposition of securities of the Company;
(2)    do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5, or other form or report, complete and execute any amendment or amendments thereto, and timely file such form or report with the U.S. Securities and Exchange Commission and any stock exchange or similar authority; and
(3)    take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.
The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact’s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned’s responsibilities to comply with Section 16 of the Act.
This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4, and 5 with respect to the undersigned’s holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 19th day of August, 2020.
/s/ Mark Adams

Name: Mark Adams