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

6 Months Ended

Jun. 29, 2024

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 twenty-six weeks ended June 29, 2024:

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Granted options to purchase 0 common shares.

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Exercise of 0 options to purchase common shares.

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Forfeiture of 5 options to purchase common shares.

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Expiration of 78 options to purchase common shares.

The following table summarizes the Company’s restricted stock unit ("RSU") activity for the twenty-six weeks ended June 29, 2024, and details regarding the awards outstanding and exercisable as of June 29, 2024 (in thousands):



			Weighted Average
			Grant Date	Aggregate
	Shares		Fair Value	Intrinsic Value
Vested and expected to vest as of December 30, 2023	3,609
Awarded	2,293
Vested	(915)
Forfeited	(75)
Awards outstanding, June 29, 2024	4,912	$	6.32	$	4,912
Vested and expected to vest as of June 29, 2024	4,911	$	6.32	$	4,911

During the twenty-six weeks ended June 29, 2024, 915 RSUs that vested were time-based and 0 were performance-based.

For the thirteen and twenty-six weeks ended June 29, 2024, we recorded compensation costs related to stock options and RSUs of $3,517 and $6,341, respectively. For the thirteen and twenty-six weeks ended July 1, 2023, we recorded compensation costs related to stock options and RSUs of $2,937 and $7,107, respectively. As of June 29, 2024, there was unrecognized compensation expense related to stock options and RSUs of $18,531 that will be expensed through June 2028.