CarParts.com, Inc. — Director's Dealing 2021

Mar 11, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CarParts.com, Inc. (PRTS)
CIK: 0001378950
Period of Report: 2021-03-09

Reporting Person: Meniane David (CFO and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-09	Common Stock	A	246886	—	Acquired	562607	Direct
2021-03-10	Common Stock	A	246886	—	Acquired	809493	Direct
2021-03-10	Common Stock	S	5096	$15.35	Disposed	804397	Direct
2021-03-11	Common Stock	S	4500	$15.30	Disposed	799897	Direct

Footnotes

F1: On December 30, 2019, the Reporting Person was granted a number of performance-vesting restricted stock shares, with the payout ranging from 0 to 200% of target based on the Company's 2020 Adjusted EBITDA achievement ("performance criteria"). Following certification by the Compensation Committee of the Issuer of the applicable payout, the Reporting Person vested 340,000 (1/2 on March 9, 2021 and 1/2 on March 10, 2021) of the shares, and because the performance criteria has been satisfied, an additional 153,772 shares (out of the total shares reported above) will vest in quarterly installments over the following 2 years provided the reporting person remains an employee of the Company through such dates.

F2: Represents a sale, pursuant to a Section 10b5-1 Plan, to cover tax obligations upon vesting of certain restricted shares of Common Stock on March 10, 2021.

F3: Represents a sale, pursuant to a Section 10b5-1 Plan, to cover tax obligations upon vesting of certain restricted shares of Common Stock on March 11, 2021.