Form 4: CarParts.com CEO David Meniane Reports Stock Transactions
SEC Form 4 Filing
CEO David Meniane reports the vesting of restricted stock units and subsequent tax withholding by CarParts.com.
Summary
- On April 18, 2025, David Meniane, CEO of CarParts.com, had 67,262 Restricted Stock Units (RSUs) vest, which were granted on April 18, 2022, under the company's 2016 Equity Incentive Plan.
- These RSUs vested on the third anniversary of the grant date.
- Following the vesting, Meniane disposed of 24,067 shares on April 21, 2025, at a price of $0.81 per share to cover tax withholding obligations.
- After these transactions, Meniane directly owns 1,799,100 shares of CarParts.com.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an insider, with no inherently positive or negative implications.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction impacts shareholders by increasing the number of shares outstanding, although the effect is minimal due to the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| April 18, 2022 | Restricted Stock Units (RSUs) were granted to David Meniane under the CarParts.com, Inc. 2016 Equity Incentive Plan. |
| April 18, 2025 | Thirty-three and a third percent of the shares of stock subject to the RSU vested. |
| April 21, 2025 | Shares of common stock were withheld by the Company to satisfy tax withholding obligations in connection with the net settlement of vested Restricted Stock Units. |
Keywords
CarParts.com, David Meniane, stock, RSU, Form 4, vesting, tax withholding, equity incentive plan
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