Ryan Lockwood - 12 May 2023 Form 4 Insider Report for CarParts.com, Inc. (PRTS)

Role
Chief Financial Officer
Signature
/s/ Ryan Lockwood
Issuer symbol
PRTS
Transactions as of
12 May 2023
Net transactions value
-$3,624
Form type
4
Filing time
16 May 2023, 21:05:44 UTC
Previous filing
20 Apr 2023
Next filing
18 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRTS Common Stock Options Exercise $0 +2,368 +4.1% $0.000000 60,735 12 May 2023 Direct F1
transaction PRTS Common Stock Sale $3,624 -818 -1.3% $4.43 59,917 15 May 2023 Direct F2
holding PRTS Common Stock 29,283 12 May 2023 By IRA
holding PRTS Common Stock 1,000 12 May 2023 As Custodian for Son under UTMA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PRTS Restricted Stock Units Options Exercise $0 -2,368 -50% $0.000000 2,368 12 May 2023 Common Stock 2,368 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The Restricted Stock Units (RSU) were granted to the Reporting Person on May 12, 2021 under the CarParts.com, Inc. 2016 Equity Incentive Plan. Thirty-three and a third percent of the shares of stock subject to the RSU vested on May 12, 2023, the second anniversary of the grant date, and the remainder of the shares subject to the RSU will vest on the next anniversary of the grant date, subject to such Reporting Person's service to the Company through such date.
F2 Represents shares of common stock sold by the Reporting Person to satisfy certain tax withholding obligations associated with the vesting of the Restricted Stock Units.
F3 Not applicable.