{"url_path":"/sec/xpel/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1767258/0001767258-26-000038-index.html","accession_number":"0001767258-26-000038","cik":"0001767258","ticker":"XPEL","issuer_name":"XPEL, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1767258/0001767258-26-000038-index.html","primary_entity_key":"0001767258","primary_entity_name":"XPEL, Inc."},"word_count":326,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities and Use of Proceeds\n\nPurchases of Equity Securities\n\nIn May 2025, the Board approved a stock repurchase program that authorized the Company to purchase up to $50 million of the Company’s Common Stock. The timing and amount of shares repurchased will depend on the stock price, business and market conditions, corporate and regulatory requirements, alternative investment opportunities, acquisition opportunities and other factors. The repurchase program may be suspended or discontinued at any time. It is XPEL’s intention to comply with applicable securities laws, including insider trading laws, when engaging in transactions in the Company’s common stock.\n\nThe following table provides information relating to our purchases of our Common Stock during the three months ended March 31, 2026:\n\nTotal number\n\nof shares (or\n\nunits) purchased\n\n(a)(b)\n\nAverage\n\nPrice paid\n\nper share\n\n(or unit)\n\n(a)(b)\n\nTotal number of shares\n\n(or units) purchased as\n\npart of publicly\n\nannounced plans or\n\nprograms\n\n(c)\n\nMaximum number (or\n\napproximate dollar value) of\n\nshares (or units) that may yet be purchased under the plans or programs\n\n(d)(e)\n\nJanuary 1-31— $— — $— \n\nFebruary 1-28— — — — \n\nMarch 1-3168,021 43.23 68,021 44,059,160 \n\nTotal\n68,021 $43.23 68,021 $44,059,160 \n\n(a)(b) In May 2025, the Company's Board of Directors authorized the Company to repurchase up to $50 million of the Company's common stock. The timing and amount of shares repurchased will depend on the stock price, business and market conditions, corporate and regulatory requirements, alternative investment opportunities, acquisition opportunities and other factors. The repurchase program may be suspended or discontinued at any time.\n\n(c) The repurchase program may be suspended or discontinued at any time.\n\n32\n\n(d) Shares that may be purchased under the program exclude shares of Common Stock that may be surrendered to satisfy statutory minimum tax withholding obligations in connection with the vesting of restricted stock units and performance stock units issued to employees.\n\n(e) Excludes a 1% excise tax imposed by the Inflation Reduction Act."}