Houman Akhavan - Mar 18, 2022 Form 4 Insider Report for CarParts.com, Inc. (PRTS)

Role: Chief Marketing Officer
Signature: /s/ Houman Akhavan
Stock symbol: PRTS
Transactions as of: Mar 18, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/22/2022, 06:16 PM
Previous filing: Mar 14, 2022
Next filing: Mar 29, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRTS	Common Stock	Award	$0	+2.65K	+0.59%	$0.00	450K	Mar 18, 2022	Direct	F1
transaction	PRTS	Common Stock	Award	$0	+33.7K	+7.5%	$0.00	484K	Mar 18, 2022	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On January 13, 2021, the Reporting Person was granted a number of performance-vesting restricted stock shares, with the first tranche of shares to be awarded at a percentage of 1/9 of the target shares on a percentage scale ranging from 0 to 300% based on the Company's 2021 total shareholder return, or TSR ("performance criteria"). Following certification by the Compensation Committee of the Issuer, the Reporting Person vested 2,654 shares because the performance criteria has been satisfied for the 2021 performance period.
F2	Represents common stock awarded to the Reporting Person upon the determination by the Company's Board of Directors of the achievement of the performance conditions under the Company's annual incentive bonus plan. The common stock was awarded to the Reporting Person in lieu of cash under the Company's annual incentive bonus plan.

Content

On January 13, 2021, the Reporting Person was granted a number of performance-vesting restricted stock shares, with the first tranche of shares to be awarded at a percentage of 1/9 of the target shares on a percentage scale ranging from 0 to 300% based on the Company's 2021 total shareholder return, or TSR ("performance criteria"). Following certification by the Compensation Committee of the Issuer, the Reporting Person vested 2,654 shares because the performance criteria has been satisfied for the 2021 performance period.

Represents common stock awarded to the Reporting Person upon the determination by the Company's Board of Directors of the achievement of the performance conditions under the Company's annual incentive bonus plan. The common stock was awarded to the Reporting Person in lieu of cash under the Company's annual incentive bonus plan.