North John F 4

What Happened

• John F. North, a director of XPEL, converted restricted stock units (RSUs) into common shares on three vesting dates: 532 shares on 2025-09-16, 532 shares on 2025-12-16, and 532 shares on 2026-03-16, for a total of 1,596 shares. The filing shows the derivative disposition price as $0, indicating these were conversions/vests (no cash sale proceeds reported). No per-share market price or total dollar value is provided in the filing.

Key Details

• Transaction dates: 2025-09-16, 2025-12-16, 2026-03-16 (each for 532 shares).
• Transaction code on the Form: M (derivative exercise/conversion); filing footnotes identify the awards as RSUs.
• Price/value: $0 reported for the derivative disposition (conversion of RSU to share), market price not listed — monetary value N/A in the filing.
• Shares owned after transaction: Not specified in the provided filing data.
• Grant/vesting notes (from filing): RSUs were granted on June 16, 2025 under the XPEL 2020 Equity Incentive Plan and vest quarterly over one year, with final vesting on June 16, 2026.
• Timeliness: Form 4 was filed on 2026-03-18; because the earliest reported vesting was 2025-09-16, this filing appears delayed relative to the typical 2-business-day reporting window.

Context

• These transactions represent routine vesting/conversion of RSUs into company stock rather than open-market purchases or sales. The filing indicates the RSUs were converted to common shares (no immediate sale reported). Such vesting events are common for insiders receiving equity as compensation and do not, by themselves, indicate a buy or sell intent.