CarParts.com (PRTS) CTO reports RSU vesting into common shares
Rhea-AI Filing Summary
CarParts.com, Inc. Chief Technology Officer Kals Subramanian reported the vesting and settlement of previously granted restricted stock units into common stock on January 16, 2026 under the company’s 2016 Equity Incentive Plan.
One RSU grant from January 16, 2024 delivered 39,167 shares of common stock as one-third of that award vested on the second anniversary of the grant, with the remaining portion scheduled to vest on the next and final anniversary, subject to continued service. A second 2024 RSU grant delivered 18,750 shares of common stock upon final vesting on the same date.
Both RSU conversions were reported at a price of $0 per share, reflecting the nature of RSU settlements rather than open-market purchases. Following these transactions, Subramanian directly owned 343,273 shares of CarParts.com common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 39,167 | $0.00 | -- |
| Exercise | Restricted Stock Units | 18,750 | $0.00 | -- |
| Exercise | Common Stock | 39,167 | $0.00 | -- |
| Exercise | Common Stock | 18,750 | $0.00 | -- |
Footnotes (1)
- The Restricted Stock Units (RSU) were granted to the Reporting Person on January 16, 2024 pursuant to the CarParts.com, Inc. 2016 Equity Incentive Plan. Thirty-three and a third percent of the shares of stock subject to the RSU vested on January 16, 2026, the second anniversary of the grant date, and the remainder of the shares subject to the RSU will vest on the next, and thus last, anniversary of the grant date, subject to such Reporting Person's service to the Company through such date. The Restricted Stock Units (RSUs) were granted to the Reporting Person on January 16, 2024 pursuant to the CarParts.com, Inc. 2016 Equity Incentive Plan. Fifty percent of the RSUs vested on the first anniversary of the grant date on January 16, 2025, and the remainder of the RSUs vested in equal installments each quarter thereafter, including herein on January 16, 2026, the second anniversary of the grant date and final vesting. Not applicable.
FAQ
What insider transaction did CarParts.com (PRTS) report for its CTO?
CarParts.com reported that Chief Technology Officer Kals Subramanian settled previously granted restricted stock units (RSUs) into shares of common stock on January 16, 2026 under the company’s 2016 Equity Incentive Plan.
What is the vesting schedule of the CTO’s CarParts.com RSUs reported here?
For the first RSU grant dated January 16, 2024, 33⅓% vested on January 16, 2026, with the remainder vesting on the next and final anniversary, subject to continued service. For the second 2024 RSU grant, 50% vested on January 16, 2025 and the balance vested in quarterly installments through January 16, 2026, which was the final vesting.
At what price were the CarParts.com RSUs converted into common stock?
Both RSU settlements into CarParts.com common stock were reported at an exercise or conversion price of $0 per share, which is typical for RSU vesting rather than market purchases.
Were these CarParts.com CTO transactions direct or indirect holdings?
The filing shows that the resulting holdings of CarParts.com common stock and the RSU positions reported after the transactions are held directly (D) by Kals Subramanian, with no indirect ownership nature indicated.