Motorcar Parts (MPAA) Director Bryan David Converts RSUs to Shares

What Happened

• Bryan David, a director of Motorcar Parts of America, reported the exercise/conversion of 6,882 derivative units on September 5, 2026. The filing shows 6,882 shares acquired at $0.00 and a contemporaneous disposition of 6,882 shares (both reported under transaction code M). No cash purchase price or dollar value is reported.

Key Details

• Transaction date: 2026-09-05; Form 4 filed: 2026-09-09 (4 days later).
• Reported amounts: 6,882 shares acquired @ $0.00 and 6,882 shares disposed @ $0.00.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 — RSUs were granted on 2025-09-05 and all vested on 2026-09-05; F2 — the RSUs do not have an expiration date.
• Transaction code M = exercise or conversion of a derivative security.
• Filing timing: filed 4 days after the reported transaction; Form 4s are typically due within two business days, so this appears later than typical.

Context

• This reflects conversion of restricted stock units (RSUs) that vested; the $0.00 exercise price is common for RSU conversions (no cash exercise). The matching acquired and disposed entries often indicate the converted shares were immediately transferred or settled (for example, sale or tax withholding), though the filing does not state the specific reason for the disposition. This is not an open-market purchase — it records the settlement of previously granted RSUs.