CarParts.com director buys 10,000 shares
Director Barry Phelps disclosed open-market purchases totaling 10,000 PRTS shares, with this amended filing correcting balances after a 10-to-1 reverse split.
Rhea-AI Filing Summary
CarParts.com, Inc. (PRTS) director Barry Phelps reported purchasing a total of 10,000 shares of common stock in open-market transactions, including 9,900 shares at $6.48 on August 25, 2026 and 100 shares at $6.15 on August 20, 2026. The amended report states it is being filed to correct the post-transaction share balances to reflect a prior 10-to-1 reverse split, and no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,000 shares
Net Buy
2 txns
Insider
PHELPS BARRY
Role
Director
Bought
10,000 shs ($65K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 9,900 | $6.48 | $64K |
| Purchase | Common Stock F1 | 100 | $6.15 | $615.00 |
Holdings After Transaction:
Common Stock — 43,577 shares (Direct)
Footnotes (1)
- F1. This Form 4/A is being filed to correct the balances in column 5 to properly reflect the proper balances subsequent to the 10-to-1 reverse split.
Key Figures
Shares purchased August 25, 2026: 9,900 shares
Purchase price August 25, 2026: $6.48 per share
Shares purchased August 20, 2026: 100 shares
+3 more
6 metrics
Shares purchased August 25, 2026
9,900 shares
Open-market purchase of CarParts.com common stock by director Barry Phelps
Purchase price August 25, 2026
$6.48 per share
Price paid for 9,900 PRTS shares in open-market transaction
Shares purchased August 20, 2026
100 shares
Open-market purchase of CarParts.com common stock by director Barry Phelps
Purchase price August 20, 2026
$6.15 per share
Price paid for 100 PRTS shares in open-market transaction
Total shares purchased
10,000 shares
Combined shares bought across both reported transactions
Reverse split ratio
10-to-1
Ratio of the reverse split referenced in the amendment explanation
Key Terms
reverse split, open-market transactions, Rule 10b5-1
3 terms
reverse split financial
"to properly reflect the proper balances subsequent to the 10-to-1 reverse split"
A reverse split is when a company reduces the number of its outstanding shares by combining several existing shares into one new share, so the price per share rises proportionally while the company’s overall value stays the same. Investors care because it can make a stock appear more respectable or meet exchange rules — like turning many small coins into a single larger bill — but it can also signal financial trouble and often affects trading liquidity and investor perception.
open-market transactions financial
"Purchase in open market or private transaction"
Open-market transactions are purchases or sales of a company’s securities that take place on public exchanges rather than through private agreements. They matter to investors because these trades change the number of shares available, can move the stock price, and often signal management’s view of the company’s value—like a store restocking or clearing shelves, altering supply and the price shoppers see.
Rule 10b5-1 regulatory
"no Rule 10b5-1 trading plan is reported"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PRTS director Barry Phelps report in this Form 4/A?
He reported two open-market purchases of CarParts.com common stock, totaling 10,000 shares: 9,900 shares on August 25, 2026 at $6.48 per share and 100 shares on August 20, 2026 at $6.15 per share.
Why is this PRTS Form 4/A an amendment rather than an original filing?
The report explains it is being filed to correct the balances in column 5 so they properly reflect the balances subsequent to the 10-to-1 reverse split of CarParts.com common stock.
Were the reported PRTS insider purchases made under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan governed these transactions, so they are not reported as pre-arranged under such a plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.