CarParts.com, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity and Share-Based Compensation

Stockholders' Equity and Share-Based Compensation

3 Months Ended

Apr. 01, 2023

Stockholders' Equity and Share-Based Compensation

Stockholders' Equity and Share-Based Compensation

Note 3 – Stockholders’ Equity and Share-Based Compensation

Options and Restricted Stock Units

The Company had the following common stock option activity during the thirteen weeks ended April 1, 2023:

●

Granted options to purchase 0 common shares.

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Exercise of 972 options to purchase common shares.

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Forfeiture of 1 option to purchase common shares.

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Expiration of 4 options to purchase common shares.

The following table summarizes the Company’s restricted stock unit ("RSU") activity for the thirteen weeks ended April 1, 2023, and details regarding the awards outstanding and exercisable as of April 1, 2023 (in thousands):



		Weighted			Weighted Average
		Average			Grant Date	Aggregate
	Shares	Exercise Price			Fair Value	Intrinsic Value
Vested and expected to vest as of December 31, 2022	3,132	$	—
Awarded	1,455	$	—
Vested	(496)	$	—
Forfeited	(52)	$	—
Awards outstanding, April 1, 2023	4,039	$	—	$	10.48	$	21,569
Vested and expected to vest as of April 1, 2023	4,060	$	—	$	10.47	$	21,682

During the thirteen weeks ended April 1, 2023, 227 RSUs that vested were time-based and 269 were performance-based.

For the thirteen weeks ended April 1, 2023, we recorded compensation costs related to stock options and RSUs of $4,170. For the thirteen weeks ended April 2, 2022, we recorded compensation costs related to stock options and RSUs of $4,306, of which $81 related to common shares issued to consultants as part of their compensation for services provided during the period. As of April 1, 2023, there was unrecognized compensation expense related to stock options and RSUs of $30,197 that will be expensed through March 2027.