Oaktop Capital cuts CarParts.com (PRTS) beneficial ownership to 0%
Rhea-AI Filing Summary
Oaktop Capital Management II, L.P. filed an amended Schedule 13G stating it no longer beneficially owns any shares of CarParts.com, Inc. common stock. The filing reports beneficial ownership of 0 shares, representing 0% of the company’s common stock. It confirms Oaktop now holds 5 percent or less of this class of securities, with no sole or shared voting or dispositive power.
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Insights
Institutional holder now reports 0% ownership in CarParts.com.
Oaktop Capital Management II, L.P. reports beneficial ownership of 0 shares and 0% of CarParts.com common stock. It also discloses no sole or shared voting or dispositive power, signaling a complete exit of reportable holdings.
The statement notes ownership of 5 percent or less of the class, which means Oaktop no longer qualifies as a significant beneficial owner under Schedule 13G thresholds. The filing also certifies the position was held in the ordinary course of business and not for purposes of influencing control.
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