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. 03, 2021

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 3, 2021:

●

Granted options to purchase 0 common shares.

●

Exercise of 130 options to purchase common shares.

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Forfeiture of 5 options to purchase common shares.

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Expiration of 0 options to purchase common shares.

The following table summarizes the Company’s restricted stock unit ("RSU") activity for the thirteen weeks ended April 3, 2021, and details regarding the awards outstanding and exercisable as of April 3, 2021 (in thousands):


				Weighted Average
		Weighted		Remaining
		Average		Contractual	Aggregate
	Shares	Exercise Price		Term (in years)	Intrinsic Value
Vested and expected to vest as of January 2, 2021	3,143	$	—
Awarded	1,834	$	—
Vested	(2,381)	$	—
Forfeited	(2)	$	—
Awards outstanding, April 3, 2021	2,594	$	—	8.80	$	40,021
Vested and expected to vest as of April 3, 2021	2,594	$	—	8.80	$	40,021

During the thirteen weeks ended April 3, 2021, 9 RSUs that vested were time-based and 2,372 were performance-based.

For the thirteen weeks ended April 3, 2021 and March 28, 2020, we recorded compensation costs related to stock options and RSUs of $4,080 and $2,819, respectively. As of April 3, 2021, there was unrecognized compensation expense related to stock options and RSUs of $23,550 that will be expensed through March 2025.