Lee David Sung 4

What Happened

• Lee David Sung, Chief Financial Officer of Motorcar Parts of America (MPAA), had a total of 9,391 shares disposed via tax withholding related to RSU vesting. On 2026-06-20, 6,159 shares were withheld at $15.30 ($94,233). On 2026-06-21, 3,232 shares were withheld at $15.30 ($49,450). These transactions are tax withholdings (transaction code F), not open-market sales or purchases.

Key Details

• Transaction dates and prices:
  • 2026-06-20: 6,159 shares withheld at $15.30 — $94,233
  • 2026-06-21: 3,232 shares withheld at $15.30 — $49,450
• Total shares withheld: 9,391; total value: $143,683 (based on reported prices).
• Shares owned after the transactions: Not specified in the filing excerpt provided.
• Footnote: F1 — shares were used to pay taxes on vesting of RSUs.
• Filing timeliness: The Form 4 was filed on 2026-07-24 for transactions in June 2026, which appears late relative to the usual two-business-day Form 4 reporting requirement.

Context

• These were tax-withholding dispositions tied to restricted stock unit (RSU) vesting — a common, administrative transaction that does not necessarily indicate the insider bought or sold shares for investment reasons. This is not an option exercise followed by a market sale; it’s the company withholding shares to satisfy tax obligations.