William D. Nash - 03 Jul 2023 Form 4 Insider Report for CARMAX INC (KMX)

Role: President & CEO, Director
Signature: Christine Carter, attorney-in-fact
Issuer symbol: KMX
Transactions as of: 03 Jul 2023
Net transactions value: -$4,321,661
Form type: 4
Filing time: 05 Jul 2023, 17:56:52 UTC
Previous filing: 03 May 2023
Next filing: 28 Dec 2023
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	$2,179,439	+40,646	+23%	$53.62	217,826	03 Jul 2023	Direct
transaction	KMX	Common Stock	Options Exercise	$7,589,400	+130,000	+60%	$58.38	347,826	03 Jul 2023	Direct
transaction	KMX	Common Stock	Sale	$8,513,847	-102,787	-30%	$82.83	245,039	03 Jul 2023	Direct	F1
transaction	KMX	Common Stock	Sale	$5,576,653	-67,859	-28%	$82.18	177,180	03 Jul 2023	Direct	F2

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	-40,646	-100%	$0.000000^*	0	03 Jul 2023	Common Stock	40,646	$53.62	Direct	F3
transaction	KMX	Stock Options (Right to Buy)	Options Exercise	$0	-130,000	-56%	$0.000000	102,775	03 Jul 2023	Common Stock	130,000	$58.38	Direct	F4

* 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 $82.50 to $83.36. 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 $81.97 to $82.49 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 stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of September 26, 2017, September 26, 2018, September 26, 2019 and September 26, 2020 and are now fully exercisable.
F4	The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2018, May 1, 2019, May 1, 2020 and May 1, 2021 and are now fully exercisable.