Motorcar Parts (MPAA) Director Philip Gay Receives 6,882 Shares

What Happened
Philip Gay, a director of Motorcar Parts of America (MPAA), had 6,882 restricted stock units convert into 6,882 common shares on September 5, 2026 (transaction code M — exercise/conversion of a derivative). The filing shows an acquisition of 6,882 shares at $0.00 and a corresponding derivative disposition of 6,882 units at $0.00. No cash sale or purchase price is reported, so there were no proceeds from this transaction.

Key Details

• Transaction date: 2026-09-05 (reported on Form 4 filed 2026-09-09).
• Transaction type/code: M (exercise/conversion of derivative security — RSUs converting to common shares).
• Shares acquired: 6,882 at $0.00; matching disposition entry of 6,882 at $0.00 (derivative).
• Reported cash value: $0 (no sale proceeds reported).
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes: F1 — RSUs were granted 9/5/2025 and all vested on 9/5/2026. F2 — The RSUs do not have an expiration date.
• Timeliness: Filed 4 days after the transaction date; Form 4s are normally due within two business days, so this filing appears later than typical.

Context
This filing reflects conversion/vesting of RSUs into common shares rather than an open-market buy or sale for cash. Such conversions are routine compensation events for insiders and do not by themselves indicate a new buy or sell decision. The matching acquired/disposed derivative entries and $0.00 price point indicate the mechanics of vesting/conversion were being reported, with no cash transaction recorded in this Form 4.