Mohammad Shamim - 15 Jul 2021 Form 4 Insider Report for CARMAX INC (KMX)

Role: EVP and CITO
Signature: Will Hulcher, attorney-in-fact
Issuer symbol: KMX
Transactions as of: 15 Jul 2021
Net transactions value: -$1,872,558
Form type: 4
Filing time: 16 Jul 2021, 16:37:08 UTC
Next filing: 23 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KMX	Common Stock	Options Exercise	$1,548,960	+21,000	+141%	$73.76	35,917	15 Jul 2021	Direct
transaction	KMX	Common Stock	Sale	$1,106,616	-8,400	-23%	$131.74	27,517	15 Jul 2021	Direct	F1
transaction	KMX	Common Stock	Sale	$235,479	-1,797	-6.5%	$131.04	25,720	15 Jul 2021	Direct	F2
transaction	KMX	Common Stock	Sale	$982,500	-7,500	-29%	$131.00	18,220	15 Jul 2021	Direct	F3
transaction	KMX	Common Stock	Sale	$432,036	-3,300	-18%	$130.92	14,920	15 Jul 2021	Direct	F4
transaction	KMX	Common Stock	Sale	$664,887	-5,100	-34%	$130.37	9,820	15 Jul 2021	Direct	F5
transaction	KMX	Common Stock	Gift	$0	-300	-3.1%	$0.000000	9,520	15 Jul 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KMX	Stock Options (Right to Buy)	Options Exercise	$0	-21,000	-48%	$0.000000	22,434	15 Jul 2021	Common Stock	21,000	$73.76	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares with respect to this transaction were sold at prices ranging from $131.23 to $132.18. Upon request, the Reporting Person will provide the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F2	The shares with respect to this transaction were sold at prices ranging from $131.00 to $131.18. Upon request, the Reporting Person will provide the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3	The shares with respect to this transaction were sold at prices ranging from $130.87 to $131.22. Upon request, the Reporting Person will provide the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4	The shares with respect to this transaction were sold at prices ranging from $130.80 to $131.00 Upon request, the Reporting Person will provide the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F5	The shares with respect to this transaction were sold at prices ranging from $129.86 to $130.86. Upon request, the Reporting Person will provide the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F6	The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of April 8, 2016, April 8, 2017, April 8, 2018 and April 8, 2019 and are now fully exercisable.