PHELPS BARRY 4

What Happened
Barry Phelps, a director of CarParts.com, was granted 218,342 restricted stock units (RSUs) on 2026-05-19. The filing shows an acquisition at $0.00 because these are cash‑settled RSUs (a derivative award), not an open‑market purchase of shares. No immediate shares or cash were reported as transferred in this filing.

Key Details

• Transaction date: 2026-05-19; Transaction type/code: Award/Grant (A)
• Amount: 218,342 RSUs; reported acquisition price: $0.00 (derivative)
• Shares owned after transaction: not specified in the provided filing extract
• Footnote: RSUs are cash‑settled — each RSU entitles the holder to receive a cash amount equal to the fair market value of one share on the vesting date. Vesting is scheduled for the 2027 annual shareholder meeting, contingent on continued service.
• Filing timeliness: Reported on the same date as the transaction (no late filing indicated in the provided data)

Context
Cash‑settled RSUs do not result in immediate stock ownership or share dilution; they represent a future cash payment tied to the company’s share price at vesting. Such director compensation grants are routine and should not be interpreted as a direct buy or sell signal by the insider.