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Pape Ryan

Disclosed activity across 1 company

Tapewire entity
35881
SEC CIK
0001783948

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Reported relationships

Latest disclosed role at each company.

CompanyLast reported asReport datePublished
XPEL, Inc.XPEL · Entity 4771Director · President and CEOJune 19, 2026June 23, 2026

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

XPEL, Inc.

Report date June 19, 2026 · Filed June 23, 2026

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common StockSEC Table I · non-derivativeDirect1,087,570 Ending reported balance After 2026-06-19 transaction · row 4
4 source rows · reconciled sequence

Row 1 · 2026-06-19 · Exercise / conversion · Acquired 1,990 · Balance 1,085,766

F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

Row 2 · 2026-06-19 · Tax withholding · Disposed 485 · Balance 1,085,281

Row 3 · 2026-06-19 · Grant · Acquired 3,026 · Balance 1,088,307

F2: Represents performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of the Issuer's common stock. The PSUs were originally granted to the Reporting Person on June 19, 2023, and are eligible to vest only upon the achievement of company performance objectives. The PSUs reflected in this row represent the portion of the award that vested as a result of the achievement of the performance objectives.

Row 4 · 2026-06-19 · Tax withholding · Disposed 737 · Balance 1,087,570

Restricted Stock UnitsSEC Table II · derivative / convertible securityDirect1,991 Reported balance After 2026-06-19 transaction · row 5 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 5 · 2026-06-19 · Exercise / conversion · Disposed 1,990 · Balance 1,991

F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F3: On June 19, 2023, the Reporting Person was granted 7,962 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

Filing footnotes · ownership attribution and instrument terms

F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F2: Represents performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of the Issuer's common stock. The PSUs were originally granted to the Reporting Person on June 19, 2023, and are eligible to vest only upon the achievement of company performance objectives. The PSUs reflected in this row represent the portion of the award that vested as a result of the achievement of the performance objectives.

F3: On June 19, 2023, the Reporting Person was granted 7,962 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

Transaction history

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
June 19, 2026 Filed Jun 23, 2026 22:20 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionRestricted Stock Units · Derivative 1,990 $0.00 $0.00
Disclosure

SEC source: 0001767258-26-000063 · wk-form4_1782253241.xml · derivative · entry 5

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,991

Underlying: Common Stock · 1,990 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F3 · derivative.exercise_date: On June 19, 2023, the Reporting Person was granted 7,962 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

F3 · derivative.expiration_date: On June 19, 2023, the Reporting Person was granted 7,962 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

Read SEC document
June 19, 2026 Filed Jun 23, 2026 22:20 UTC XPEL, Inc. XPEL · Entity 4771 Tax withholdingCommon Stock 737 $45.45 $33,496.65
Disclosure

SEC source: 0001767258-26-000063 · wk-form4_1782253241.xml · nonDerivative · entry 4

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,087,570

Read SEC document
June 19, 2026 Filed Jun 23, 2026 22:20 UTC XPEL, Inc. XPEL · Entity 4771 GrantCommon Stock 3,026 $0.00 $0.00
Disclosure

SEC source: 0001767258-26-000063 · wk-form4_1782253241.xml · nonDerivative · entry 3

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,088,307

F2 · shares: Represents performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of the Issuer's common stock. The PSUs were originally granted to the Reporting Person on June 19, 2023, and are eligible to vest only upon the achievement of company performance objectives. The PSUs reflected in this row represent the portion of the award that vested as a result of the achievement of the performance objectives.

Read SEC document
June 19, 2026 Filed Jun 23, 2026 22:20 UTC XPEL, Inc. XPEL · Entity 4771 Tax withholdingCommon Stock 485 $45.45 $22,043.25
Disclosure

SEC source: 0001767258-26-000063 · wk-form4_1782253241.xml · nonDerivative · entry 2

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,085,281

Read SEC document
June 19, 2026 Filed Jun 23, 2026 22:20 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionCommon Stock 1,990 Not disclosed Not disclosed
Disclosure

SEC source: 0001767258-26-000063 · wk-form4_1782253241.xml · nonDerivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,085,766

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

Read SEC document
March 09, 2026 Filed Mar 11, 2026 21:05 UTC XPEL, Inc. XPEL · Entity 4771 GrantRestricted Stock Units · Derivative 15,676 $0.00 $0.00
Disclosure

SEC source: 0001628280-26-016890 · wk-form4_1773263133.xml · derivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,676

Underlying: Common Stock · 15,676 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F2 · derivative.exercise_date: On March 9, 2026, the Reporting Person was granted 15,676 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

F2 · derivative.expiration_date: On March 9, 2026, the Reporting Person was granted 15,676 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

Read SEC document
March 01, 2026 Filed Mar 3, 2026 22:36 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionRestricted Stock Units · Derivative 5,608 $0.00 $0.00
Disclosure

SEC source: 0001628280-26-014073 · wk-form4_1772577391.xml · derivative · entry 4

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 16,826

Underlying: Common Stock · 5,608 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F3 · derivative.exercise_date: On March 1, 2025, the Reporting Person was granted 22,434 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

F3 · derivative.expiration_date: On March 1, 2025, the Reporting Person was granted 22,434 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

Read SEC document
March 01, 2026 Filed Mar 3, 2026 22:36 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionRestricted Stock Units · Derivative 3,566 $0.00 $0.00
Disclosure

SEC source: 0001628280-26-014073 · wk-form4_1772577391.xml · derivative · entry 3

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,132

Underlying: Common Stock · 3,566 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F2 · derivative.exercise_date: On March 1, 2024, the Reporting Person was granted 14,264 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

F2 · derivative.expiration_date: On March 1, 2024, the Reporting Person was granted 14,264 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

Read SEC document
March 01, 2026 Filed Mar 3, 2026 22:36 UTC XPEL, Inc. XPEL · Entity 4771 Tax withholdingCommon Stock 2,339 $42.62 $99,688.18
Disclosure

SEC source: 0001628280-26-014073 · wk-form4_1772577391.xml · nonDerivative · entry 2

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,083,776

Read SEC document
March 01, 2026 Filed Mar 3, 2026 22:36 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionCommon Stock 9,174 Not disclosed Not disclosed
Disclosure

SEC source: 0001628280-26-014073 · wk-form4_1772577391.xml · nonDerivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,086,115

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

Read SEC document
September 07, 2025 Filed Sep 9, 2025 21:20 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionRestricted Stock Units · Derivative 2,737 $0.00 $0.00
Disclosure

SEC source: 0001783948-25-000003 · wk-form4_1757452812.xml · derivative · entry 3

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,737

Underlying: Common Stock · 2,737 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F2 · derivative.exercise_date: On September 7, 2022, the Reporting Person was granted 10,947 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

F2 · derivative.expiration_date: On September 7, 2022, the Reporting Person was granted 10,947 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

Read SEC document
September 07, 2025 Filed Sep 9, 2025 21:20 UTC XPEL, Inc. XPEL · Entity 4771 Tax withholdingCommon Stock 667 $35.68 $23,798.56
Disclosure

SEC source: 0001783948-25-000003 · wk-form4_1757452812.xml · nonDerivative · entry 2

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,076,941

Read SEC document
September 07, 2025 Filed Sep 9, 2025 21:20 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionCommon Stock 2,737 Not disclosed Not disclosed
Disclosure

SEC source: 0001783948-25-000003 · wk-form4_1757452812.xml · nonDerivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,077,608

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

Read SEC document
July 15, 2025 Filed Jul 16, 2025 20:10 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionRestricted Stock Units · Derivative 1,040 $0.00 $0.00
Disclosure

SEC source: 0001767258-25-000038 · wk-form4_1752696620.xml · derivative · entry 3

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 1,040 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F2 · derivative.exercise_date: The RSUs were granted on July 15, 2021 pursuant to the XPEL 2020 Equity Incentive Plan approved by the Board of Directors and stockholders and vest as follows: the final annual installment vested on July 15, 2025.

F2 · derivative.expiration_date: The RSUs were granted on July 15, 2021 pursuant to the XPEL 2020 Equity Incentive Plan approved by the Board of Directors and stockholders and vest as follows: the final annual installment vested on July 15, 2025.

Read SEC document
July 15, 2025 Filed Jul 16, 2025 20:10 UTC XPEL, Inc. XPEL · Entity 4771 Tax withholdingCommon Stock 254 $35.05 $8,902.70
Disclosure

SEC source: 0001767258-25-000038 · wk-form4_1752696620.xml · nonDerivative · entry 2

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,074,871

Read SEC document
July 15, 2025 Filed Jul 16, 2025 20:10 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionCommon Stock 1,040 Not disclosed Not disclosed
Disclosure

SEC source: 0001767258-25-000038 · wk-form4_1752696620.xml · nonDerivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,075,125

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

Read SEC document
June 19, 2025 Filed Jun 20, 2025 20:59 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionRestricted Stock Units · Derivative 1,991 $0.00 $0.00
Disclosure

SEC source: 0001628280-25-032455 · wk-form4_1750453147.xml · derivative · entry 3

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,981

Underlying: Common Stock · 1,991 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F2 · derivative.exercise_date: On June 19, 2023, the Reporting Person was granted 7,962 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

F2 · derivative.expiration_date: On June 19, 2023, the Reporting Person was granted 7,962 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

Read SEC document
June 19, 2025 Filed Jun 20, 2025 20:59 UTC XPEL, Inc. XPEL · Entity 4771 Tax withholdingCommon Stock 486 $36.14 $17,564.04
Disclosure

SEC source: 0001628280-25-032455 · wk-form4_1750453147.xml · nonDerivative · entry 2

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,074,085

Read SEC document
June 19, 2025 Filed Jun 20, 2025 20:59 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionCommon Stock 1,991 Not disclosed Not disclosed
Disclosure

SEC source: 0001628280-25-032455 · wk-form4_1750453147.xml · nonDerivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,074,571

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

Read SEC document
March 01, 2025 Filed Mar 4, 2025 21:11 UTC XPEL, Inc. XPEL · Entity 4771 GrantRestricted Stock Units · Derivative 22,434 $0.00 $0.00
Disclosure

SEC source: 0001628280-25-009838 · wk-form4_1741122654.xml · derivative · entry 4

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,434

Underlying: Common Stock · 22,434 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F3 · derivative.exercise_date: On March 1, 2025, the Reporting Person was granted 22,434 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

F3 · derivative.expiration_date: On March 1, 2025, the Reporting Person was granted 22,434 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

Read SEC document
March 01, 2025 Filed Mar 4, 2025 21:11 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionRestricted Stock Units · Derivative 3,566 $0.00 $0.00
Disclosure

SEC source: 0001628280-25-009838 · wk-form4_1741122654.xml · derivative · entry 3

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,698

Underlying: Common Stock · 3,566 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F2 · derivative.exercise_date: On March 1, 2024, the Reporting Person was granted 14,264 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

F2 · derivative.expiration_date: On March 1, 2024, the Reporting Person was granted 14,264 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

Read SEC document
March 01, 2025 Filed Mar 4, 2025 21:11 UTC XPEL, Inc. XPEL · Entity 4771 Tax withholdingCommon Stock 1,058 $33.43 $35,368.94
Disclosure

SEC source: 0001628280-25-009838 · wk-form4_1741122654.xml · nonDerivative · entry 2

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,074,571

Read SEC document
March 01, 2025 Filed Mar 4, 2025 21:11 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionCommon Stock 3,566 Not disclosed Not disclosed
Disclosure

SEC source: 0001628280-25-009838 · wk-form4_1741122654.xml · nonDerivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,075,629

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

Read SEC document
December 02, 2024 Filed Dec 3, 2024 21:01 UTC XPEL, Inc. XPEL · Entity 4771 SaleCommon Stock 4,501 $46.07 $207,338.57
Disclosure

SEC source: 0001628280-24-049738 · wk-form4_1733259698.xml · nonDerivative · entry 4

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,072,063

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.73 and $46.72, 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 (4) to this Form 4.

Read SEC document
December 02, 2024 Filed Dec 3, 2024 21:01 UTC XPEL, Inc. XPEL · Entity 4771 SaleCommon Stock 5,382 $45.27 $243,654.44
Disclosure

SEC source: 0001628280-24-049738 · wk-form4_1733259698.xml · nonDerivative · entry 3

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,076,564

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.74 and $45.73, 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 (3) to this Form 4.

Read SEC document
December 02, 2024 Filed Dec 3, 2024 21:01 UTC XPEL, Inc. XPEL · Entity 4771 SaleCommon Stock 2,561 $44.33 $113,521.96
Disclosure

SEC source: 0001628280-24-049738 · wk-form4_1733259698.xml · nonDerivative · entry 2

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,081,946

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.75 and $44.74, 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.

Read SEC document
December 02, 2024 Filed Dec 3, 2024 21:01 UTC XPEL, Inc. XPEL · Entity 4771 SaleCommon Stock 1,100 $43.35 $47,681.37
Disclosure

SEC source: 0001628280-24-049738 · wk-form4_1733259698.xml · nonDerivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,084,507

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.76 and $43.75, 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.

Read SEC document
November 25, 2024 Filed Nov 26, 2024 21:09 UTC XPEL, Inc. XPEL · Entity 4771 SaleCommon Stock 3,778 $46.68 $176,346.46
Disclosure

SEC source: 0001628280-24-049268 · wk-form4_1732655345.xml · nonDerivative · entry 2

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,085,607

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.56 to $47.05, 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.

Read SEC document
November 25, 2024 Filed Nov 26, 2024 21:09 UTC XPEL, Inc. XPEL · Entity 4771 SaleCommon Stock 16,222 $46.27 $750,538.41
Disclosure

SEC source: 0001628280-24-049268 · wk-form4_1732655345.xml · nonDerivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,089,385

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.56 to $46.55, 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.

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November 19, 2024 Filed Nov 19, 2024 23:17 UTC XPEL, Inc. XPEL · Entity 4771 SaleCommon Stock 20,000 $42.64 $852,702.00
Disclosure

SEC source: 0001628280-24-048551 · wk-form4_1732058215.xml · nonDerivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,105,607

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 20, 2024 by the Reporting Person.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.00 to $43.15, 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.

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September 07, 2024 Filed Sep 9, 2024 21:49 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionRestricted Stock Units · Derivative 2,737 $0.00 $0.00
Disclosure

SEC source: 0001628280-24-039912 · wk-form4_1725918584.xml · derivative · entry 3

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,592

Underlying: Common Stock · 2,737 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F2 · derivative.exercise_date: On September 7, 2022, the Reporting Person was granted 10,947 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

F2 · derivative.expiration_date: On September 7, 2022, the Reporting Person was granted 10,947 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

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September 07, 2024 Filed Sep 9, 2024 21:49 UTC XPEL, Inc. XPEL · Entity 4771 Tax withholdingCommon Stock 667 $42.14 $28,107.38
Disclosure

SEC source: 0001628280-24-039912 · wk-form4_1725918584.xml · nonDerivative · entry 2

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,125,607

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September 07, 2024 Filed Sep 9, 2024 21:49 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionCommon Stock 2,737 Not disclosed Not disclosed
Disclosure

SEC source: 0001628280-24-039912 · wk-form4_1725918584.xml · nonDerivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,126,274

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

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July 15, 2024 Filed Jul 17, 2024 20:55 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionRestricted Stock Units · Derivative 1,039 $0.00 $0.00
Disclosure

SEC source: 0001783948-24-000002 · wk-form4_1721249694.xml · derivative · entry 3

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,040

Underlying: Common Stock · 1,039 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F2 · derivative.exercise_date: The RSUs were granted on July 15, 2021 pursuant to the XPEL 2020 Equity Incentive Plan approved by the Board of Directors and stockholders and vest as follows: One-fourth vested on July 15, 2024 with the remaining shares vesting in one additional annual installment, provided the reporting person remains in service to the Company.

F2 · derivative.expiration_date: The RSUs were granted on July 15, 2021 pursuant to the XPEL 2020 Equity Incentive Plan approved by the Board of Directors and stockholders and vest as follows: One-fourth vested on July 15, 2024 with the remaining shares vesting in one additional annual installment, provided the reporting person remains in service to the Company.

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July 15, 2024 Filed Jul 17, 2024 20:55 UTC XPEL, Inc. XPEL · Entity 4771 Tax withholdingCommon Stock 253 $36.98 $9,355.94
Disclosure

SEC source: 0001783948-24-000002 · wk-form4_1721249694.xml · nonDerivative · entry 2

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,123,537

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July 15, 2024 Filed Jul 17, 2024 20:55 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionCommon Stock 1,039 Not disclosed Not disclosed
Disclosure

SEC source: 0001783948-24-000002 · wk-form4_1721249694.xml · nonDerivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,123,790

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

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June 19, 2024 Filed Jun 20, 2024 20:25 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionRestricted Stock Units · Derivative 1,990 $0.00 $0.00
Disclosure

SEC source: 0001628280-24-029122 · wk-form4_1718915099.xml · derivative · entry 3

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,037

Underlying: Common Stock · 1,990 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F3 · derivative.exercise_date: The RSUs were granted on June 19, 2023 pursuant to the XPEL 2020 Equity Incentive Plan approved by the Board of Directors and stockholders and vest as follows: One-fourth vested on June 19, 2024 with the remaining shares vesting in equal annual installments, provided the reporting person remains in service to the Company.

F3 · derivative.expiration_date: The RSUs were granted on June 19, 2023 pursuant to the XPEL 2020 Equity Incentive Plan approved by the Board of Directors and stockholders and vest as follows: One-fourth vested on June 19, 2024 with the remaining shares vesting in equal annual installments, provided the reporting person remains in service to the Company.

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June 19, 2024 Filed Jun 20, 2024 20:25 UTC XPEL, Inc. XPEL · Entity 4771 Tax withholdingCommon Stock 485 $36.75 $17,823.75
Disclosure

SEC source: 0001628280-24-029122 · wk-form4_1718915099.xml · nonDerivative · entry 2

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,122,751

F2 · shares: Mr. Pape delivered 485 previously owned and unencumbered shares of common stock for payment of the tax withholding, using the closing stock price on June 18, 2024 of $36.75, pursuant to the terms of the XPEL 2020 Equity Incentive Plan and the Restricted Stock Unit Agreement between Mr. Pape and the Company.

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June 19, 2024 Filed Jun 20, 2024 20:25 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionCommon Stock 1,990 Not disclosed Not disclosed
Disclosure

SEC source: 0001628280-24-029122 · wk-form4_1718915099.xml · nonDerivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,123,236

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

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March 01, 2024 Filed Mar 1, 2024 21:39 UTC XPEL, Inc. XPEL · Entity 4771 GrantRestricted Stock Units · Derivative 14,264 $0.00 $0.00
Disclosure

SEC source: 0001628280-24-008242 · wk-form4_1709329159.xml · derivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,264

Underlying: Common Stock · 14,264 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F2 · derivative.exercise_date: On March 1, 2024, the Reporting Person was granted 14,264 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

F2 · derivative.expiration_date: On March 1, 2024, the Reporting Person was granted 14,264 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, RSUs vest annually in four equal installments beginning on the first anniversary of the grant.

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September 11, 2023 Filed Sep 12, 2023 21:39 UTC XPEL, Inc. XPEL · Entity 4771 SaleCommon Stock 103 $76.67 $7,896.50
Disclosure

SEC source: 0001628280-23-032113 · wk-form4_1694554777.xml · nonDerivative · entry 2

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,121,246

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 22, 2023 by the Reporting Person.

F3 · price: This transaction was executed in multiple trades at prices ranging from $76.17 to $77.16. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

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September 11, 2023 Filed Sep 12, 2023 21:39 UTC XPEL, Inc. XPEL · Entity 4771 SaleCommon Stock 897 $75.68 $67,880.48
Disclosure

SEC source: 0001628280-23-032113 · wk-form4_1694554777.xml · nonDerivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,121,349

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 22, 2023 by the Reporting Person.

F2 · price: This transaction was executed in multiple trades at prices ranging from $75.18 to $76.17. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

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September 07, 2023 Filed Sep 8, 2023 20:03 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionRestricted Stock Units · Derivative 2,736 $0.00 $0.00
Disclosure

SEC source: 0001628280-23-031852 · wk-form4_1694203386.xml · derivative · entry 3

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,329

Underlying: Common Stock · 2,736 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

F2 · derivative.exercise_date: On September 7, 2022, the Reporting Person was granted 10,947 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, RSUs vest annually in four equal annual installments beginning on the first anniversary of the grant.

F2 · derivative.expiration_date: On September 7, 2022, the Reporting Person was granted 10,947 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, RSUs vest annually in four equal annual installments beginning on the first anniversary of the grant.

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September 07, 2023 Filed Sep 8, 2023 20:03 UTC XPEL, Inc. XPEL · Entity 4771 Tax withholdingCommon Stock 666 $76.51 $50,955.66
Disclosure

SEC source: 0001628280-23-031852 · wk-form4_1694203386.xml · nonDerivative · entry 2

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,122,246

Read SEC document
September 07, 2023 Filed Sep 8, 2023 20:03 UTC XPEL, Inc. XPEL · Entity 4771 Exercise / conversionCommon Stock 2,736 Not disclosed Not disclosed
Disclosure

SEC source: 0001628280-23-031852 · wk-form4_1694203386.xml · nonDerivative · entry 1

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,122,912

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit ("RSU") represents a contingent right to receive one share of XPEL common stock.

Read SEC document
September 05, 2023 Filed Sep 7, 2023 22:46 UTC XPEL, Inc. XPEL · Entity 4771 SaleCommon Stock 137 $82.90 $11,356.62
Disclosure

SEC source: 0001628280-23-031758 · wk-form4_1694126804.xml · nonDerivative · entry 8

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,120,176

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 22, 2023 by the Reporting Person.

F9 · price: This transaction was executed in multiple trades at prices ranging from $82.38 to $83.37. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

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September 05, 2023 Filed Sep 7, 2023 22:46 UTC XPEL, Inc. XPEL · Entity 4771 SaleCommon Stock 219 $81.91 $17,937.20
Disclosure

SEC source: 0001628280-23-031758 · wk-form4_1694126804.xml · nonDerivative · entry 7

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,120,313

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 22, 2023 by the Reporting Person.

F8 · price: This transaction was executed in multiple trades at prices ranging from $81.39 to $82.38. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

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September 05, 2023 Filed Sep 7, 2023 22:46 UTC XPEL, Inc. XPEL · Entity 4771 SaleCommon Stock 300 $80.92 $24,274.50
Disclosure

SEC source: 0001628280-23-031758 · wk-form4_1694126804.xml · nonDerivative · entry 6

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,120,532

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 22, 2023 by the Reporting Person.

F7 · price: This transaction was executed in multiple trades at prices ranging from $80.40 to $81.39. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

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September 05, 2023 Filed Sep 7, 2023 22:46 UTC XPEL, Inc. XPEL · Entity 4771 SaleCommon Stock 200 $79.93 $15,985.00
Disclosure

SEC source: 0001628280-23-031758 · wk-form4_1694126804.xml · nonDerivative · entry 5

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,120,832

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 22, 2023 by the Reporting Person.

F6 · price: This transaction was executed in multiple trades at prices ranging from $79.41 to $80.40. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

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September 05, 2023 Filed Sep 7, 2023 22:46 UTC XPEL, Inc. XPEL · Entity 4771 SaleCommon Stock 100 $78.94 $7,893.50
Disclosure

SEC source: 0001628280-23-031758 · wk-form4_1694126804.xml · nonDerivative · entry 4

Pape Ryan · CIK 0001783948 · Director · President and CEO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,121,032

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 22, 2023 by the Reporting Person.

F5 · price: This transaction was executed in multiple trades at prices ranging from $78.42 to $79.41. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.