CarParts.com board adopts Officer and Director Share Purchase Plan; 250,000 shares reserved

CarParts.com, Inc.

Board approved a share purchase plan enabling officers and directors to buy common stock at fair market value via payroll or fee deductions.
Plan reserves 250,000 shares of common stock for issuance; all shares are fully vested upon purchase.
Purchases occur on regular pay dates; participation is voluntary and subject to committee approval.
Deductions cannot reduce compensation below applicable minimum wage; plan effective November 16, 2021.

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