Meniane David 4
4 · CarParts.com, Inc. · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
CarParts (PRTS) CEO Meniane David Receives 72,652 Shares
What Happened
Meniane David, CEO of CarParts.com (PRTS), had 72,652 Restricted Stock Units (RSUs vest) convert into common stock on Feb 6, 2026. The conversion shows an acquisition at $0.00 (vested award). To satisfy tax withholding, 26,068 of those shares were withheld/we disposed on Feb 9, 2026 at $0.50 per share for a total withholding of $13,034, leaving a net delivery of 46,584 shares to the CEO.
Key Details
- Transaction dates: 2026-02-06 (RSU conversion/vesting) and 2026-02-09 (tax withholding).
- Shares acquired via vesting: 72,652 at $0.00 (RSU conversion, code M).
- Shares withheld for taxes: 26,068 at $0.50, totaling $13,034 (code F; net settlement).
- Net shares delivered to insider: 46,584 (72,652 − 26,068).
- Footnotes: F1 confirms the RSUs were granted 2/6/2023 and vested 33.33% on 2/6/2026; F2 explains shares were withheld to satisfy tax obligations; F3 not applicable.
- Shares owned after the transaction are not provided in the excerpt of this filing.
- Filing date: Form filed 2026-02-09. No late-filing flag is indicated in the provided data.
Context
This was a routine RSU vesting and net settlement for tax withholding (company withheld shares rather than a cash payment). Such withholding is common and reflects compensation vesting rather than an open-market sale or purchase signaling investment conviction. The acquisition price of $0.00 reflects vesting of awards, not an out‑of‑pocket purchase.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-06+72,652→ 2,103,182 total - Tax Payment
Common Stock
[F2]2026-02-09$0.50/sh−26,068$13,034→ 2,077,114 total - Exercise/Conversion
Restricted Stock Units
[F3]2026-02-06−72,652→ 0 total→ Common Stock (72,652 underlying)
Footnotes (3)
- [F1]The Restricted Stock Units (RSU) were granted to the Reporting Person on February 6, 2023 pursuant to the CarParts.com, Inc. 2016 Equity Incentive Plan. Thirty-three and a third percent of the shares of stock subject to the RSU vested on February 6, 2026, the third, and final, anniversary of the grant date.
- [F2]Represents shares of common stock that have been withheld by the Company to satisfy tax withholding obligations in connection with the net settlement of vested Restricted Stock Units.
- [F3]Not applicable.