Subramanian Kals 4

What Happened

• Subramanian Kals, Chief Technology Officer of CarParts.com (PRTS), had restricted stock units (RSUs) vest and be converted into 24,483 shares on February 6, 2026. The Form 4 lists an exercise/conversion (transaction code M) acquiring 24,483 shares at $0.00 and a corresponding conversion/disposition of 24,483 derivative shares at $0.00. No cash proceeds or open-market sale is reported.

Key Details

• Transaction date: 2026-02-06; reported on Form 4 filed 2026-02-09 (timely filing).
• Price: $0.00 per share for both the acquisition and derivative conversion entries; total cash reported = $0.
• Shares acquired: 24,483 (via conversion of derivative securities/RSUs).
• Shares disposed: 24,483 (derivative conversion entry at $0.00 in the filing).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: F1 — These were RSUs granted Feb 6, 2023 under the 2016 Equity Incentive Plan; one‑third vested on Feb 6, 2026 (the third and final anniversary of the grant).
• No 10b5-1, tax-withholding detail, or sale proceeds are listed in the filing.

Context

• The M transaction code indicates exercise or conversion of a derivative security — here, RSUs that vested and converted into common shares. The filing does not show an open-market sale of the shares or cash received; the paired $0.00 disposition likely reflects the conversion event rather than a sale. This is routine equity compensation vesting rather than an insider purchase or sale for cash.