Form 4: CarParts.com COO Vests RSUs, Sells Shares for Tax
Insider Transaction Report
CarParts.com Chief Operating Officer Michael Huffaker acquired 36,667 shares through RSU vesting and subsequently sold 23,547 shares to cover tax obligations.
Summary
- Michael Huffaker, Chief Operating Officer of CarParts.com, Inc. (PRTS), reported transactions involving company common stock.
- On December 5, 2025, 36,667 Restricted Stock Units (RSUs) vested, converting into common stock. These RSUs were granted on December 5, 2022, under the CarParts.com, Inc. 2016 Equity Incentive Plan, with one-third vesting on the third anniversary of the grant date.
- Following the vesting, Michael Huffaker beneficially owned 330,565 shares of common stock.
- On December 8, 2025, 23,547 shares of common stock were disposed of by the company to satisfy tax withholding obligations related to the net settlement of the vested RSUs, at a price of $0.44 per share.
- After these transactions, Michael Huffaker beneficially owns 307,018 shares of common stock directly.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction involving the vesting of Restricted Stock Units and the subsequent sale of shares to cover tax obligations, which is a standard practice and does not indicate any significant positive or negative operational or financial news for the company.
Positives
- The vesting of 36,667 Restricted Stock Units (RSUs) for the Chief Operating Officer indicates the successful execution of a long-term incentive compensation plan.
- The transaction demonstrates the company's commitment to its 2016 Equity Incentive Plan.
Negatives
- 23,547 shares of common stock were sold to cover tax withholding obligations, reducing the direct beneficial ownership of the Chief Operating Officer.
Future Outlook
na
Industry Context
na
Related Party Transactions
- The transaction involves the vesting of Restricted Stock Units granted to the Chief Operating Officer as part of his compensation under the CarParts.com, Inc. 2016 Equity Incentive Plan.
Stakeholder Impact
- Shareholders: The transaction is a routine part of executive compensation and is unlikely to have a material impact on shareholder value.
- Employees: The vesting of RSUs demonstrates the company's commitment to its equity incentive plans, which can be a positive for employee retention and motivation.
Key Dates
| Date | Description |
|---|---|
| 12/05/2022 | Grant date of Restricted Stock Units (RSUs) to Michael Huffaker under the CarParts.com, Inc. 2016 Equity Incentive Plan. |
| 12/05/2025 | Vesting date of 36,667 Restricted Stock Units (RSUs) for Michael Huffaker, representing the third and last anniversary of the grant date. |
| 12/08/2025 | Date shares were disposed of to satisfy tax withholding obligations related to the net settlement of vested Restricted Stock Units. |
Keywords
CarParts.com, PRTS, Form 4, insider transaction, Restricted Stock Units, RSU vesting, executive compensation, stock ownership, Michael Huffaker
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