SEC Form 4 · accession 0001767258-26-000068
XPEL, Inc. · XPEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Andrew Thornton
Director
Period of report
Jul 30, 2026
Accepted (ET)
Jul 31, 2026 · 6:13 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001767258
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Jul 30, 2026 | J | 1,765 | D | — | — | Common Stock | 1,765 | 0 | D |
Explanation of responses
- F1Represents the forfeiture of 1,765 restricted stock units (RSUs) previously granted to the reporting person on June 10, 2026 pursuant to the XPEL 2020 Equity Incentive Plan. The RSUs were scheduled to vest in four equal quarterly installments of 441 units each (with a final installment of 442 units) commencing on September 10, 2026, subject to continued service through each vesting date. As a result of the reporting person's resignation from the Board of Directors effective July 30, 2026, all 1,765 RSUs were forfeited to the Company in their entirety, unvested, for no consideration. No shares of common stock were issued in connection with this transaction.
- F2The RSUs were forfeited prior to any vesting event. The concepts of "date exercisable" and "expiration date" are not applicable as the award was cancelled in full upon the reporting person's termination of service before the first vesting date of September 10, 2026.