Crumly Richard K. 4
4 · XPEL, Inc. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
XPEL Director Richard Crumly Converts 1,596 RSUs to Shares
What Happened
Richard K. Crumly, a director of XPEL, converted restricted stock units (RSUs) into a total of 1,596 shares of XPEL common stock in three quarterly vesting events of 532 shares each (Sept 16, 2025; Dec 16, 2025; Mar 16, 2026). Each conversion is reported as an "exercise or conversion of derivative" (code M). The filings also show corresponding dispositions of the derivatives at $0.00 (no cash proceeds reported).
Key Details
- Transaction dates: 2025-09-16, 2025-12-16, 2026-03-16; 532 shares converted on each date (total 1,596).
- Reported price/value: $0.00 for the dispositions; no cash sale proceeds are shown.
- Grant/vesting note: RSUs were granted June 16, 2025 and vest quarterly over one year, with final vesting June 16, 2026 (Footnote F6).
- Other footnotes: F1 defines RSUs as rights to receive one share each; F2–F5 clarify beneficial ownership disclaimers and holdings through related entities/spouse.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Timeliness: Form 4 was filed March 18, 2026 reporting events from Sept 2025–Mar 2026; this is after the typical 2-business-day Section 16 reporting window and appears untimely.
Context
These were RSU vesting/conversion events (derivative settlements), not open-market purchases or sales. The reported $0 dispositions generally indicate conversion/settlement of RSUs rather than a cash sale; filings of this kind often reflect issuance and internal settlement steps (e.g., withholding or conversion) rather than an actionable buy/sell decision by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2025-09-16+532→ 4,270 total - Exercise/Conversion
Common Stock
[F1]2025-12-16+532→ 4,802 total - Exercise/Conversion
Common Stock
[F1]2026-03-16+532→ 5,334 total - Exercise/Conversion
Restricted Stock Units
[F1][F6]2025-09-16−532→ 1,596 total→ Common Stock (532 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2025-12-16−532→ 1,064 total→ Common Stock (532 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-03-16−532→ 532 total→ Common Stock (532 underlying)
- 316,912(indirect: See Footnotes)
Common Stock
[F2][F3] - 1,076,743(indirect: See Footnotes)
Common Stock
[F2][F4] - 15,500(indirect: See Footnotes)
Common Stock
[F5]
Footnotes (6)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.
- [F2]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.
- [F3]Represents securities held by CARPE, LLC, of which Mr. Crumly is a control person.
- [F4]Represents securities held by ADAMAS, LLC, of which Mr. Crumly is a control person.
- [F5]Represents securities held by Mr. Crumly's spouse. Mr. Crumly disclaims beneficial ownership of such securities.
- [F6]The RSUs were granted on June 16, 2025 pursuant to the XPEL 2020 Equity Incentive Plan approved by the Board of Directors and stockholders and will vest in quarterly installments over a one year period with a final vesting date of June 16, 2026.