| Summary of Stock Option Activity |
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Weighted
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Weighted
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Average
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Average
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Remaining
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Aggregate
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Exercise
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Contractual
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Intrinsic
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Shares
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Price
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Term (in years)
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Value(1)
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Options outstanding, December 28, 2019
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7,223
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$
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2.76
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Granted
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2,558
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$
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3.21
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Exercised
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(2,200)
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$
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1.94
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Cancelled:
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Forfeited
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(73)
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$
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4.82
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Expired
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(576)
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$
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3.69
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Options outstanding, January 2, 2021
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6,932
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$
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2.09
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8.10
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$
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71,404
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Vested and expected to vest at January 2, 2021
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6,932
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$
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2.09
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8.10
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$
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71,404
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Options exercisable, January 2, 2021
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2,591
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$
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1.73
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7.04
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$
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27,630
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Weighted
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Weighted
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Average
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Average
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Remaining
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Aggregate
|
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Exercise
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Contractual
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Intrinsic
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Shares
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Price
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Term (in years)
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Value(1)
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Options outstanding, December 29, 2018
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6,067
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$
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2.69
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Granted
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4,460
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$
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1.19
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Exercised
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(304)
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$
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1.51
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Cancelled:
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Forfeited
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(1,613)
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$
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2.48
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Expired
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(1,417)
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$
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3.08
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Options outstanding, December 28, 2019
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7,223
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$
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2.76
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6.57
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$
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4,494
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Vested and expected to vest at December 28, 2019
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7,223
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$
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1.78
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6.57
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$
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4,494
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Options exercisable, December 28, 2019
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3,080
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$
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2.51
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2.97
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$
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747
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(1)
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These amounts represent the difference between the exercise price and the closing price of CarParts.com, Inc. common stock at the end of the respective fiscal year as reported on the NASDAQ Stock Market, for all options outstanding that have an exercise price currently below the closing price.
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| Summary of Assumptions Used |
The fair value of each option grant, excluding those options issued from the stock option exchange program as discussed above, was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions for each of the periods ended:
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Fiscal Year Ended
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January 2, 2021
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December 28, 2019
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Expected life
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5.37 - 5.69 years
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5.65 - 5.74 years
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Risk-free interest rate
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0.3% - 1.7%
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1.5% - 2.5%
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Expected volatility
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55.1% - 63.5%
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54.2% - 58.3%
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Expected dividend yield
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—%
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—%
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