Form 4: CarParts.com CEO Vests RSUs, Sells Shares for Tax
Insider Transaction Report
CarParts.com CEO David Meniane reported the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- David Meniane, CEO and Director of CarParts.com, Inc. (PRTS), reported transactions involving the vesting of Restricted Stock Units (RSUs) and the subsequent sale of common stock.
- On January 16, 2026, 114,963 RSUs, granted on January 16, 2024, vested. This represents the second anniversary vesting, with one-third of the total shares from this grant vesting.
- Also on January 16, 2026, 43,750 RSUs, granted on January 16, 2024, fully vested. This marked the final installment of a grant that began vesting on its first anniversary (January 16, 2025) and continued quarterly.
- Following these vestings, a total of 158,713 shares of common stock were acquired at an exercise price of $0.
- To satisfy tax withholding obligations related to the net settlement of these vested RSUs, Mr. Meniane disposed of 47,342 shares and 17,950 shares, totaling 65,292 shares, at a price of $0.52 per share on January 20, 2026.
- After these reported transactions, Mr. Meniane beneficially owns 2,030,530 shares of CarParts.com, Inc. common stock.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions related to executive compensation (RSU vesting and tax-related sales), which is generally considered neutral in terms of company performance or outlook.
Positives
- Vesting of 114,963 Restricted Stock Units (RSUs) on January 16, 2026, representing a scheduled compensation event for the CEO.
- Final vesting of 43,750 Restricted Stock Units (RSUs) on January 16, 2026, completing a compensation cycle for the CEO.
- The acquisition of 158,713 shares of common stock at a $0 exercise price through RSU vesting, increasing the CEO's gross share count.
Negatives
- Disposal of 65,292 shares of common stock at $0.52 per share to cover tax withholding obligations, resulting in a reduction of the CEO's direct beneficial ownership.
Future Outlook
The filing indicates that the remainder of the 114,963 RSU grant will vest on the next anniversary of the grant date, subject to the reporting person's continued service to the company.
Industry Context
This Form 4 filing is a routine disclosure of insider stock transactions, specifically related to executive compensation through Restricted Stock Units. It does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: The sale of shares by the CEO, even for tax purposes, slightly increases the float and reduces direct insider ownership, though this is a common and expected event following RSU vesting.
Next Steps
- The remaining shares from the 114,963 RSU grant are scheduled to vest on the next anniversary of the grant date (January 16, 2027), contingent on David Meniane's continued service to CarParts.com, Inc.
Key Dates
| Date | Description |
|---|---|
| 01/16/2024 | Grant date for both sets of Restricted Stock Units (RSUs) to David Meniane. |
| 01/16/2025 | First anniversary of the RSU grant, when 50% of the second RSU grant (43,750 shares) vested. |
| 01/16/2026 | Vesting date for 114,963 RSUs (second anniversary, one-third of the grant vested) and final vesting date for 43,750 RSUs (second anniversary, remainder vested quarterly). |
| 01/20/2026 | Date of disposition of 65,292 shares of common stock for tax withholding obligations. |
Keywords
CarParts.com, PRTS, David Meniane, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Stock Compensation, Tax Withholding, CEO, Director
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