Lee David Sung 4

What Happened

• Lee David Sung, Chief Financial Officer of Motorcar Parts of America, was granted equity awards and completed conversions/exercises of derivative awards. The filing shows two awards on 2026-06-19 for 28,366 shares each (total 56,732) recorded as grants (RSUs/PSUs) at $0, and conversions/exercises on 2026-06-20 (10,904 shares) and 2026-06-21 (5,577 shares) recorded as both acquisitions and immediate dispositions at $0.
• No cash consideration is shown (all transactions reported at $0). The exercises/conversions were recorded as derivative activity and also as disposals (i.e., the acquired derivative shares were immediately disposed of).

Key Details

• Transaction dates and amounts:
  • 2026-06-19: Grant/award (A) — 28,366 shares (RSU/PSU) @ $0 (x2 entries = 56,732 total awarded)
  • 2026-06-20: Exercise/conversion (M) — 10,904 shares acquired @ $0 and 10,904 shares disposed @ $0
  • 2026-06-21: Exercise/conversion (M) — 5,577 shares acquired @ $0 and 5,577 shares disposed @ $0
• Filing date: 2026-06-23 (reported within typical insider reporting window; filing does not indicate lateness).
• Shares owned after the transactions: not disclosed in the summary provided.
• Footnotes of note:
  • F1: Shares relate to RSUs that are earned upon vesting.
  • F2: RSUs vest 1/3 each year for 3 years from the grant date (June 19, 2026).
  • F3: PSUs have multi-year performance conditions tied to total shareholder return vs. a Russell 3000 peer group and to share price targets (PPS thresholds of $16, $18 and tiered vesting at $19–$22) measured through 6/19/2029 (or earlier upon a change in control).

Context

• The 6/19 entries are grants of restricted stock/units (compensation awards), not open-market purchases — awards are common executive compensation.
• The 6/20–6/21 M transactions show conversion/exercise of derivatives at $0 with simultaneous disposals; filings often record conversions and immediate dispositions for administrative or tax-settlement reasons, but the form does not state the motive.
• PSUs vest only if performance hurdles are met over the specified period; RSUs vest over three years per the schedule above. These awards do not by themselves indicate the insider’s view of the stock.